03/22/2021

Focus on Taxation: Preparing for the Shuttered Venue Operators Grant Program’s Opening Day

The Shuttered Venue Operators (SVO) grant program is slated to open April 8th after having a slow start since first established as part of the Consolidated Appropriations Act in December of 2020.

09/28/2020

Focus on Business Interruption: Update on COVID-19 Lawsuits

We have previously provided two updates  on the business interruption landscape that has resulted from the COVID-19 pandemic. There were certain regulatory actions proposed several months ago, but those have been tabled or terminated.

05/29/2020

Focus on Business Interruption: COVID-19 Lawsuits and Legislative Developments

As stated in our business interruption piece on March 24, 2020, the global impacts of the COVID-19 pandemic have caused economic losses to businesses and individuals throughout the world, resulting in litigation and regulatory activity within state governments and the federal government.

04/27/2020

COVID-19: Identifying Black Swan Events

Black swan events rarely occur, defy predictability, and usually trigger extreme consequences.

04/06/2020

COVID-19: Business Owners- Are You Thinking About Selling Within the Next 3 Years? Do this Now!

The spread of the Coronavirus Disease (COVID-19) is currently causing significant economic hardship to the United States and the world.

03/24/2020

COVID-19: Business Interruption and the Impact to Your Business

Business owners may have options to help them weather the storm during these unprecedented times.

03/13/2020

COVID-19: Market Update

Capital markets have reacted sharply to the escalation of Coronavirus since mid-February. Both equity prices and bond yields have experienced historic volatility and fallen sharply in a short period.

03/11/2021

COVID-19: President Biden Signs Additional COVID Relief Package

On March 11, 2021, President Biden signed the American Rescue Plan Act (ARPA) into law. The $1.9T stimulus package passed Congress largely along party lines, with one Democrat voting in opposition.

01/15/2021

Focus on Taxation: Employee Retention Credit

The recently enacted Consolidated Appropriations Act, 2021 (CAA) has given new life to the Employee Retention Credit (ERC) initially made available by the Coronavirus Aid, Relief, and Economic Stimulus (CARES) Act.

01/12/2021

Focus on Taxation: PPP Reopens for First Draw and Also Provides a Second Draw

Pursuant to recent COVID-19 relief legislation, the SBA announced that the Paycheck Protection Program (PPP) will reopen beginning on Monday, January 11. To give underserved and minority business owners a first chance at the $284B, community financial institutions will be the only lenders able to make First Draw PPP loans on Monday.

01/06/2021

Focus on Taxation: Congress Strikes a Stimulus Deal

Despite several months of stalled negotiations, the long-awaited, much debated second COVID-19 stimulus package has been finalized.

10/09/2020

Focus on Private Equity: PPP Loans and Changes of Ownership

Prior to October 2, 2020, it was presumed that any entity contemplating a change in control that had received Paycheck Protection Program (PPP) funds would be required to obtain approval for the transaction from the SBA prior to sale.

10/07/2020

Focus on Taxation: Interaction between Paycheck Protection Program Loan Forgiveness and the Research & Experimentation Tax Credit

Taxpayers that received a Paycheck Protection Program (PPP) loan for which forgiveness will be sought that also claim the Research & Experimentation (R&E) tax credit must consider the potential impact PPP loan forgiveness could have on the R&E tax credit.

08/13/2020

COVID-19: Small Business Administration Publishes Frequently Asked Questions Regarding PPP Loan Forgiveness

On August 4, 2020, the Small Business Administration (SBA) published 20 new Frequently Asked Questions (FAQs) governing forgiveness of Paycheck Protection Program (PPP) loans.

06/23/2020

COVID-19: Important Reminders Regarding Paycheck Protection Program (PPP) Loans

As the June 30, 2020 deadline for acquiring a Paycheck Protection Program Loan (PPP Loan) approaches, borrowers remain faced with a number of details that may impact PPP Loan forgiveness.

06/08/2020

COVID-19: Paycheck Protection Program Flexibility Act of 2020

On Wednesday June 3, 2020 the Senate passed H.R. 7010 which modifies “certain provisions related to the forgiveness of loans under the paycheck protection program” (PPP Loans).

05/29/2020

COVID-19: PPP Loan Forgiveness Interim Final Rules

On Friday, May 22, 2020, the Small Business Administration (SBA) released two Interim Final Rules related to the Paycheck Protection Program Loan (PPP Loans) forgiveness. One focused on Borrowers and the other focused on lenders. This article will provide an overview of each rule.

05/14/2020

COVID-19: Updates to the PPP Loan Frequently Asked Questions

On Wednesday May 13, 2020 the Small Business Administration (SBA) released two updates to their Paycheck Protection Program (PPP Loan) Frequently Asked Questions (FAQ).

04/24/2020

COVID-19: Additional Funds for Paycheck Protection Program

The Paycheck Protection Program and Health Care Enhancement Act (the Act), recently passed and signed into law, a second round of Paycheck Protection Program (PPP Loan) funding of $310 billion.

04/24/2020

COVID-19: What are These Main Street Lending Loans?

Much emphasis has been placed on the Economic Injury Disaster Loan (EIDL) and Paycheck Protection Program (PPP) Loan programs available under the CARES Act to date.

04/17/2020

COVID-19: New Report Breaks Down Details on Paycheck Protection Program

The Small Business Administration (SBA) released a report today, April 17, 2020 related to the Paycheck Protection Program (PPP) loans.

04/15/2020

COVID-19: PPP Loan Application – Done! PPP Loan Approved – Whew! Now What?

The Paycheck Protection Program (PPP loan) was created to provide loans to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.

04/14/2020

COVID-19: Colorado State Work-Share Program vs. the Paycheck Protection Program (PPP). Can I Use Both?

In Colorado, a question amongst businesses has recently come up related to the Colorado State Work-Share program and whether that program would nullify the federal Paycheck Protection Program (PPP). A lot of businesses are asking, could a company use both of these programs?

04/09/2020

COVID-19: Economic Injury Disaster Loan, Paycheck Protection Plan Loan or Both? 

Businesses and organizations have various loan options available to help offset financial hardship and uncertainty caused by the COVID-19 pandemic.

04/08/2020

COVID-19: Paycheck Protection Program (PPP Loan)

The PPP Loan was signed into law on March 27, 2020, as part the CARES Act. Although guidance on the PPP Loans are evolving, here is a summary of what you need to know.

04/02/2020

COVID-19: Potential Tax Deferral and Credit Impacts

COVID-19 has obviously sent shock waves through the global economy and disrupted, on a massive scale, normal consumer behavior patterns, stalling a bullish economy into a decline. With the passage of the CARES Act, many businesses, including those controlled by private equity, were hopeful for relief.

03/18/2020

COVID-19: COVID-19 and Your Business

The global impact of COVID-19 is forcing many business owners to make key decisions everyday on how they will be able to sustain this pandemic and maintain their operations throughout the coming weeks and months.

05/07/2020

COVID-19: Cloud Security Health Check

The COVID-19 pandemic has forced many organizations to rapidly adopt cloud solutions for email, office applications, collaboration and conferencing.

04/27/2020

COVID-19: Identifying Black Swan Events

Black swan events rarely occur, defy predictability, and usually trigger extreme consequences.

04/13/2020

COVID-19: Themed Cyber Attacks

Law enforcement around the world are sending out alerts warning of increased attacks and fraud attempts as the world deals with the COVID-19 pandemic.

03/25/2020

COVID-19: Phishing and Fraud on the Rise

The COVID-19 pandemic is forcing changes on us and our workforce. Working from home, expanding use of collaboration solutions, and leveraging the cloud to stay productive are all positives we can carry forward as the pandemic winds down. Along with these, we are also seeing significant increases in phishing attacks and online fraud.