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King & Spalding

IRS Publishes Guidance on Section 48C Advanced Energy Project Tax Credit

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On May 31, 2023, the IRS released Notice 2023-44 (the “Notice”) providing additional guidance on the advanced energy project tax credit (Section 48C), effectively reintroduced by the Inflation Reduction Act of 2022 (“IRA”). ...more

Bradley Arant Boult Cummings LLP

The Doctor Will See You Now via Telemedicine and It May Qualify as Treatment under the FMLA

As you already know, COVID-19 changed almost everything, and some of those things are likely here to stay (or at least for a while longer). One widespread change is the use of videoconferencing, including in the medical...more

Foley & Lardner LLP

Brazilian Government Makes the LGPD Effective Imminently

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On August 14, 2018, the Brazilian government approved the Brazilian General Data Protection Law, known as the Lei Geral de Proteção de Dados Pessoais (“LGPD”). Enforcement was set to begin on August 15, 2020 but then, due to...more

Bradley Arant Boult Cummings LLP

IRS Issues Helpful Guidance for Retirement Plans Under the CARES Act

The Internal Revenue Service (IRS) recently issued Notice 2020-50 to provide retirement plans with guidance under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The extensive guidance provides helpful...more

Sheppard Mullin Richter & Hampton LLP

Fed Provides Further Updates to Main Street Lending Program, Expanding Availability in Advance of Program Launch

On June 8, 2020, the Federal Reserve Bank of Boston, the administrator of the Federal Reserve’s Main Street Lending Program, released updated term sheets for the three types of loans, “New,” “Priority” and “Expanded,” that...more

Pillsbury Winthrop Shaw Pittman LLP

The Main Street Lending Program: Additional Guidance for Borrowers

Companies that may want to borrow under the Main Street Lending Program should take note of additional guidance recently issued by the Federal Reserve Bank of Boston. The Federal Reserve Bank of Boston has issued further...more

Verrill

Should You Adjust Your Plans Based on the New PPP Forgiveness Guidance?

Verrill on

Your inbox is likely flooded with news about the forgiveness guidance from the Small Business Administration (SBA) that came in the form of instructions on how to fill out the application. These instructions provided much...more

Schwabe, Williamson & Wyatt PC

CARES Act Questions for the Manufacturing, Distribution and Retail Industry - Update #2

Congress recently passed the economic stimulus package referred to as the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act1”) and the Paycheck Protection Program and Health Care Enhancement Act (“PPPHCE...more

Sheppard Mullin Richter & Hampton LLP

Paycheck Protection Program: SBA Issues Further Guidance on its Review of the Economic Uncertainty Certification made by PPP...

On May 13, 2020, the U.S. Department of Treasury (Treasury) and U.S. Small Business Administration (SBA) issued an updated Frequently Asked Questions fact sheet (FAQ), which provides interpretative guidance on the Paycheck...more

Pillsbury Winthrop Shaw Pittman LLP

SBA Issues Critical New Guidance on PPP Borrowers’ Certification of Necessity

On May 13, 2020, one day before the expiration of the relevant “safe harbor” deadline, the Small Business Administration (SBA) issued new guidance to borrowers who have been considering whether to return their CARES Act...more

Bass, Berry & Sims PLC

Overview of New SBA and IRS Guidance Regarding Paycheck Protection Program, Including the “Need” Certification and PPP Loan...

This alert has been updated to reflect further guidance issued by the Small Business Administration (SBA) on May 5, 2020 indicating that forthcoming rule changes will extend the repayment date for the safe harbor discussed...more

Downs Rachlin Martin PLLC

Public Outcry Leads to New SBA Guidance on PPP Eligibility

Following criticism that large restaurant chains were able to obtain funds before the loan program had been depleted - seemingly shutting out much smaller restaurants - Shake Shack has publicly announced that it is returning...more

Morgan Lewis

FSIS Advises on Animal-Raising Label Claims but Issues Still Exist

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The USDA’s Food Safety and Inspection Service (FSIS) updated two labeling guidelines involving animal raising claims in December. Labeling Guideline on Documentation Needed to Substantiate Animal Raising Claims...more

White & Case LLP

Guidelines on the Certification Mechanisms under the GDPR

White & Case LLP on

The European Data Protection Board ("EDPB") has published guidelines on the use of the certification mechanism under the GDPR. Certifications are intended to help businesses provide evidence of compliance with the GDPR. The...more

Holland & Knight LLP

Tax Reform's New Incentives for Investments in Low-Income Communities: Part 2

Holland & Knight LLP on

• Part 1 of this series of Holland & Knight alerts described a new tax incentive contained in the Tax Cuts and Jobs Act for investments in low-income communities designated as "Opportunity Zones." Part 1 also explained the...more

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