Client Alerts

Latest CARES Act Includes Significant, Albeit Temporary, Provisions to the Bankruptcy Code Affecting Commercial Landlords, Tenants and Suppliers

On December 27, 2020, the second CARES Act was signed into law, providing an additional $900 billion in pandemic relief. Less publicized are several changes the Act made to the...

By Bernkopf Goodman on 01.20.2021
Posted In: Client Alerts

Governor Baker Pocket Vetoes Two Key Tenant Protection Provisions Within the New Stimulus Bill

In recently signing legislation providing for $626.5 million to be spread around the Massachusetts economy over the next five years, Governor Baker exercised his pocket veto to strike certain provisions...

By Bernkopf Goodman on 01.16.2021
Posted In: Client Alerts

PPP Loans and Taxes

The CARES Act provided that PPP loan funds that are forgiven will not be included in gross income for tax purposes (contrary to the general tax rule that forgiveness of...

By Bernkopf Goodman on 01.11.2021
Posted In: Client Alerts

Small Business Relief Program: Massachusetts Relief Available for Small Businesses Including Restaurants and Bars

Governor Baker has targeted small businesses in Massachusetts since October 2020 with the Massachusetts Growth Capital Corporation’s initial funding, but previous stimulus money and budget allocations were insufficient to keep...

By Bernkopf Goodman on 01.05.2021
Posted In: Client Alerts, COVID-19

Client Alert: Court Orders Owner to Pay its Contractor Over $4.6 Million for Violations of the Massachusetts Prompt Pay Act

In a case of first impression in Massachusetts, Suffolk Superior Court Judge Michael D. Ricciuti has ordered a real estate developer to pay its general contractor $4,600,109.24 within 45 days...

By Bernkopf Goodman on 12.16.2020
Posted In: Client Alerts

Limited Time for Boston Businesses to Apply for $6 Million in Grants

Mayor Marty Walsh has announced three new funds to distribute $6 million of federal aid to small Boston businesses, but the deadline to apply is one week away. This welcomed aid...

By Bernkopf Goodman on 11.13.2020
Posted In: Client Alerts, COVID-19

If You’re a Small Boston Business, Don’t Forget the Reopen Boston Fund

If you’re a small business that must physically engage closely with the public through a direct service and have 25 or fewer employees with a brick and mortar space in...

By Bernkopf Goodman on 08.13.2020
Posted In: Client Alerts, COVID-19

Governor Baker Extends the MA Eviction Moratorium For 60 Days

Today, Governor Charlie Baker extended the pause on evictions and foreclosures for 60 days, until October 17, 2020, through the authority granted to him by Chapter 65 of the Acts...

By Bernkopf Goodman on 07.21.2020
Posted In: Client Alerts