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Unemployment Benefits Coronavirus/COVID-19 U.S. Treasury

Lowenstein Sandler LLP

Paycheck Protection Program: FAQs For Microbusinesses - UPDATED March 2021 #2

Lowenstein Sandler LLP on

On December 27, the President signed into law the Consolidated Appropriations Act, 2021. The Act includes a roughly $900 billion COVID-19 relief package, known as the “Economic Aid to Hard-Hit Small Businesses, Nonprofits and...more

Chambliss, Bahner & Stophel, P.C.

More Help Is On The Way—Congress Passes Another Stimulus Round

Last night (Dec. 21, 2020), the U.S. House of Representatives and then the U.S. Senate passed a long-debated $900 billion stimulus package as part of broader overall government funding legislation. The bill now goes to the...more

Farrell Fritz, P.C.

Forget Congress: The IRS Needs To Reverse Course On The Deduction Of Business Expenses Paid With PPP Loan Proceeds

Farrell Fritz, P.C. on

Round Two- “Painful social lockdowns in Europe and some American states helped blunt the coronavirus. Now, amid a fitful reopening, the pandemic is once again surging.” So begins an article on the front page of last...more

Robins Kaplan LLP

Financial Daily Dose 8.28.2020 | Top Story: In Major Policy Shift, Fed Embraces Inflation to Keep Rates Low

Robins Kaplan LLP on

In hotly anticipated comments on Thursday—and yes, such a designation applies to a speech on monetary policy—Federal Reserve Chair Jay Powell “announced a major shift in how the central bank guides the economy, signaling it...more

Amundsen Davis LLC

What If A Laid Off Worker Refuses To Return To Work Under The PPP?

Amundsen Davis LLC on

A couple of weeks ago, we examined two general factors that the Treasury will be examining to determine PPP loan forgiveness, namely whether at least 75% of the borrowed funds have been spent on “payroll costs” and whether...more

Robins Kaplan LLP

Financial Daily Dose 5.5.2020 | Top Story: WeWork’s Neumann sues SoftBank over scuttled $3B share purchase

Robins Kaplan LLP on

WeWork co-founder wants to get PAAAAAID, so he’s suing SoftBank in an attempt to force it to “go through with its canceled deal to buy $3 billion of the company’s shares, accusing the Japanese conglomerate and its Vision Fund...more

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