On March 31, President Biden announced “The Made In American Tax Plan” (the “Biden Tax Plan”) to fix the corporate…
Client Alert – U.S. Congress Passes American Rescue Plan, Which Includes Grant Program for Restaurants – March 10, 2021
Earlier today, the House of Representatives approved the Senate’s version of the $1.9 trillion American Rescue Plan, which includes a…
Client Alert: Carried Interest Regulations Finalized – January 25, 2021
Section 1061 of the Internal Revenue Code generally recharacterizes long-term capital gains attributable to certain carried interests (“applicable partnership interests”…
Client Alert – January 14, 2021: SBA to Open PPP Portals Tomorrow and Tuesday
The Small Business Administration has announced that it will open its Paycheck Protection Program (“PPP”) loan portal to eligible lenders…
Client Alert: Small Business Administration Releases Guidance on First Draw and Second Draw PPP Loans – January 11, 2021
On January 8, 2021, the Small Business Administration (SBA) released a series of documents relating to the Paycheck Protection Program…
Client Alert: Beware of Payment Instructions over Email – January 11, 2021
We have been seeing a growing trend of a criminal cyber-fraud scheme affecting large and small businesses, individuals and banks,…
Client Alert: New York Sales Tax Guidance Clarifies Treatment of Digital Marketing Services – January 8, 2021
In 2020, amidst the pandemic, New York‘s Department of Taxation and Finance issued three advisory opinions that addressed sales tax…
Client Advisory: We Continued to Protect our Clients’ Rights During COVID – January 6, 2021
After initial widespread court closures in March, the courts and counsel adjusted to a “new normal” by allowing litigation to…
Client Alert: Congress Passes Economic Relief Package, Which Awaits President’s Signature – December 23, 2020
Late On the evening of December 21, 2020, in the culmination of several months of contentious negotiations, the U.S. Congress…
Client Alert: IRS Guidance Confirms Non-Deductibility of Expenses Paid With PPP Loans Yet to Be Forgiven – November 20, 2020
On November 18, 2020, the IRS issued guidance to confirm its position that no deductions can be taken for expenses…