On March 17, 2020, Treasury Secretary Steve Mnuchin announced that the deadline to pay taxes due April 15, 2020, for certain taxpayers would be extended by ninety (90) days until July 15, 2020. On March 18, 2020, the IRS issued Notice 2020-17 that provided an extension until July 15, 2020, for certain individuals who owe
The SBA has officially declared disasters related to COVID-19 in Missouri and Kansas. These declarations are statewide—meaning that qualified small businesses throughout the entire states of Missouri and Kansas can now apply for Economy Injury Disaster Loans. These SBA loans are intended to help small businesses meet their ordinary and necessary financial obligations that cannot
On March 17, 2020, Treasury Secretary Steve Mnuchin announced that the deadline to pay taxes due April 15, 2020, for certain taxpayers would be extended by ninety (90) days until July 15, 2020. On March 18, 2020, the IRS issued Notice 2020-17 that provided an extension until July 15, 2020, for individuals who owe up
The governors of Missouri and Kansas are working hard to establish disaster assistance programs to help small businesses obtain SBA loans for economic injuries caused by COVID-19. We anticipate these declarations will be made any day. Once those declarations are made, the SBA will accept statewide applications for SBA loans. However, there is no
Missouri and Kansas employers are grappling with many issues related to their employees and COVID-19. These issues have likely been compounded by the recent statewide order in Kansas to close all schools for the remainder of the year and the consequential uncertainty that this presents to those employees with children. Though Missouri has not taken
Kansas Governor Laura Kelly has issued an executive order immediately staying the initiation of all new evictions and foreclosures. The declaration provides in pertinent part: “I hereby direct and order all financial institutions operating in Kansas to temporarily suspend the initiation of any mortgage foreclosure efforts or judicial proceedings and any commercial or residential eviction
Last week, the Administrator of the federal Small Business Administration (“SBA”) issued a statement that the SBA would work with state governors to provide targeted, low-interest disaster recovery loans to small businesses that have been severely impacted by COVID-19. Disaster declarations have already been made for parts of California, Washington, Idaho, Oregon, Maine, New Hampshire,
For small and medium-sized businesses in the Kansas City metropolitan area, the current economic and political landscape regarding COVID-19 is presenting unique problems and extreme financial challenges. This likely includes concerns about maintaining adequate cash flow and handling employee expectations, safety, workloads, and compensation. Of course, the unique issues certainly do not end there during
An Athletic Business article quotes highlights from Mit Winter’s blog post on the NAIA’s recent proposal to allow NAIA college athletes to be paid for the use of their name, image and likeness (NIL). “Kennyhertz Perry suggests that the NAIA proposal goes further — by allowing NAIA athletes to be paid for the use of
While the NCAA moves slowly toward proposing bylaws that would allow college athletes to be compensated for the use of their names, images, and likenesses (“NILs”), another major college athletics governing body, the NAIA, has already released a proposal of its own. And not only has the NAIA moved faster than the NCAA, its proposal
California’s status as the only state to pass and enact a college athlete name, image, and likeness (NIL) bill may soon be changing. Colorado is now one step away from becoming the second state to enact a law that would permit college athletes to be paid for the use of their NILs. On Wednesday, the
There have been ongoing discussions about the NCAA allegations towards the University of Kansas relating to the recruitment of men’s basketball players. The University recently submitted it’s response to the allegations. Our own sports attorney Mit Winter is featured discussing the timeline of this case in a Lawrence Journal World article. “Mit Winter, a Kansas
