Apr 25, 2020 | Coronavirus, Coronavirus and business, Coronavirus and finance law
The House approved over $480 billion in additional funding to help the program geared to keep small businesses from shuttering and their employees from going on unemployment because of the economic impacts of the coronavirus pandemic. The bill includes more than $320...
Mar 27, 2020 | Banking Law, Business & Corporate, Coronavirus, Coronavirus and business, Coronavirus and finance law, Coronavirus and tax law, Tax Law
On March 27, 2020, the U.S. House of Representatives passed the COVID-19 stimulus bill, known as the Coronavirus Aid, Relief, and Economic Security (CARES) Act (H.R. 748), which provides much needed assistance for small businesses. The Paycheck Protection Program is...
Mar 23, 2020 | Coronavirus, Coronavirus and tax law, Tax Law
The U.S. Department of the Treasury has recently issued a series of Notices which grants automatic relief to taxpayers. Due to COVID-19, the traditional April 15 deadline for filing and paying federal taxes has now been extended to July 15, 2020. This extension...
Mar 23, 2020 | Coronavirus, Coronavirus and Labor, Labor & Employment
The IRS has announced that guidance will be released next week providing that eligible employers who pay employees under the new requirements for paid sick time or child care leave under the new Law will be entitled to retain payroll taxes due to the IRS in an amount...