Dear Clients, Pursuant to the Governor's Executive Orders 202.8 and 202.14, the New York City Loft Board (the "Loft Board") has further extended the filing deadline for documents until May 7, 2020. A copy of the Loft Board's updated COVID-19 service notice is linked....
Industry Updates
Paycheck Protection Program (PPP) Fact Sheet For Borrowers
On March 27 2020, Congress enacted the CARES Act, a key component of which is the Paycheck Protection Program ("PPP"). PPP authorized up to $349 billion in forgivable loans to small businesses to allow them to pay their employees during the COVID-19 crisis, as well as...
COVID-19 Update: NYC Property Tax Update
Dear Clients, The NYC Tax Commission extended the TC150 Supplemental Application deadline to file the income and expense schedule as part of the 2020/21 property tax protest application. The previous deadline was March 24, 2020. The new deadline will be 30 days after...
COVID-19 Update: Non-Essential Construction Suspended
Dear Clients, On March 27, 2020, Gov. Cuomo suspended all New York State construction apart from "essential" or "emergency non-essential" work. Updated guidelines from ESD are linked here. "Essential" construction includes work on "roads, bridges, transit facilities,...
COVID-19 Update: Protecting Your Construction Site And Workers From COVID-19
Dear Clients, On March 18, 2020 New York Governor Andrew Cuomo signed Executive Order 20.6 which directed that all businesses and non-for-profit entities utilize telecommuting or work from home procedures, to the exclusion of certain "essential businesses" which...
COVID-19 Update: What COVID-19 means for Construction
Dear Clients, We are all experiencing an unprecedented moment in modern times which remains uncertain and changing every day. We would like the community and our clients to understand that Rosenberg & Estis, P.C. is - as always - available to guide our clients...
COVID-19 Update: Landlord/Tenant Issues
Dear Clients, The novel coronavirus (COVID-19) has in a short period of time, presented enormous challenges and caused disruption to the way we all do business. As we all navigate through these difficult times, we find that many questions have arisen, the answers to...
COVID-19 Update: Agency Reactions to COVID-19
Dear Clients, As we all navigate through these trying times, we find that government is faced to large degree with problems similar to our own. We at Rosenberg & Estis P.C. have chosen to work remotely to protect the health of our employees and be responsible...
COVID-19 Update: Court Closures
Dear Clients, As you know, on Sunday the Governor called for all business to voluntarily shift to remote working, and also indicated that the State would be modifying certain operations. Consistent with that statement, the Chief Administrative Judge for the Unified...
R&E Bankruptcy Update: Retail Challenges of 2020
Retail Continues to Struggle Restaurants Face Challenges While retail in general faced challenges in 2019, food services faced an extremely difficult period. We expect these challenges to continue into 2020. With a tight labor market, increased competition, rising...