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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...more

Update Regarding the Paycheck Protection Program

On December 21, 2020, the U.S. Senate and the U.S. House of Representatives passed the Consolidated Appropriations Act of 2021, which includes the COVID-Related Tax Relief Act of 2020 (“COVIDTRA”). The President is expected...more

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...more

Update re Major Changes to Loan Forgiveness Rules Under the Paycheck Protection Program

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 economic relief package. ...more

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 economic...more

Update Regarding Loan Forgiveness Under the Paycheck Protection Program

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 economic relief package. ...more

Update: FAQ Regarding Loan Forgiveness Under the Paycheck Protection Program

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 economic relief package. One...more

PPP: Update on “Necessity” Requirement

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 economic relief package....more

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 Economic...more

Paycheck Protection Program: SBA Imposes New Eligibility Requirement with Retroactive Effect

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 economic relief package. One...more

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 economic relief...more

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