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COVID-19, Force Majeure Clauses and Commercial Lease Rental Obligations

One need look no further than the empty parking lots all over New York State to see the financial impact of the COVID-19 pandemic.  With most businesses shuttered or severely limited as result of Governor Cuomo’s Executive Order 202.6, many commercial landlords and tenants are thinking about the ability to…

Estate Planning During COVID-19

Estate Planning During COVID-19.  In New York, there are four Advance Directives generally in use, the Health Care Proxy, a Living Will, the HIPAA Authorization and the Power of Attorney.    All of these documents may still be put in place even though we are not able to meet with clients…

Banking Partner O’Shea Quoted in LIBN’s Article On Stimulus Package

On Long Island, “the program that most small businesses will be eligible to access is the Paycheck Protection Program,” said our Banking Partner, Michael O’Shea, in this recent piece by Adina Genn of Long Island Business News about the stimulus package. To learn more, visit Long Island Business News.  …

Powered Professionals to Host Free Webinar for Nonprofits

If you are in the nonprofit sector, please know that on April 7th from 1 p.m. until 2.p.m, Powered by Professionals will present a free webinar entitled, "Navigating A Global Crisis: Resources & Strategies for Nonprofits." Our Nonprofit Partner David Goldstein will be one of the panelists. To rsvp, visit:…

WATCH OUT FOR SCAMS RELATED TO COVID-19

The IRS repeatedly warns taxpayers, businesses and tax professionals to be alert for fake emails, text messages, websites and social media attempts to steal vital personal information. The Coronavirus, or COVID-19, pandemic creates a dangerous environment for these types of scams on vulnerable people in need, especially seniors. IR Notice…