RECENT POSTS
Corporate Transparency Act Year-End Deadlines Rapidly Approaching
As we previously communicated in a client compliance alert last November, the federal Corporate Transparency Act (the CTA went into effect on January 1, 2024) requires certain organizations including corporations, limited liability companies, and other
Executive Order on Deferring Payroll Taxes – Frequently Asked Questions
On August 8, 2020, the President issued a Presidential Memorandum directing the Secretary of the Treasury to use his authority to defer withholding, deposit, and payment of certain payroll tax obligations (the “Executive Order”). On
Update re Major Changes to Loan Forgiveness Rules Under the Paycheck Protection Program
as of June 11, 2020 On March 27, 2020, Congress passed and the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), which is an approximately $2 trillion stimulus and
Major Changes to Loan Forgiveness Rules Under the Paycheck Protection Program
As of June 4, 2020 On March 27, 2020, Congress passed and the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), which is an approximately $2 trillion stimulus and
Update Regarding Loan Forgiveness Under the Paycheck Protection Program
We previously prepared a detailed Frequently Asked Questions blog (as of May 18, 2020), relating to issues arising out of PPP Loan Applications (the “May 18 FAQ”). This May 26, 2020 update is a supplement to the previous FAQ.
Update: FAQ Regarding Loan Forgiveness Under the Paycheck Protection Program
(as of May 18, 2020) On March 27, 2020, Congress passed and the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act“), which is an approximately $2 trillion stimulus and
PPP: Update on “Necessity” Requirement
(as of May 13, 2020) On March 27, 2020, Congress passed and the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), which is an approximately $2 trillion stimulus and
PPP: SBA Provides New Guidance on One Aspect of Forgiveness
When an Employee Declines an Offer to Be Rehired at the Same Salary/Wages/Hours as of May 4, 2020 On March 27, 2020, Congress passed and the President signed into law the Coronavirus Aid, Relief, and
Paycheck Protection Program: SBA Imposes New Eligibility Requirement with Retroactive Effect
As of April 29, 2020 On March 27, 2020, Congress passed and the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), which is an approximately $2 trillion stimulus and
Frequently Asked Questions Regarding the Paycheck Protection Program
As of April 2, 2020 On March 27, 2020, Congress passed and the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), which is an approximately $2 trillion stimulus and