Tax & Advisory Services

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A Borrower’s Guide to the Recent Updates to the Main Street Lending Program

Joseph Most, J.D.,  Ken Maeng, J.D., and Shayna Byrne, J.D. 6.23.20 | Client Alert – COVID-19 Update On June 20, 2020, the Federal Reserve Bank released updated Frequently Asked Questions […]

Last Chance to Obtain a PPP Loan

Joseph Most, J.D. 6.16.20 | Client Alert – COVID-19 Update The Paycheck Protection Program (PPP) deadline for borrowers to obtain a forgivable loan is June 30, 2020 and funds are […]

Congress Passes Paycheck Protection Program Fix

Joseph Most, J.D. 6.5.20 | Client Alert – COVID-19 Update This week Congress passed, and the President signed into law, the Paycheck Protection Program Flexibility Act (the “Act”), which institutes […]

Election to Accelerate Disaster Loss Deductions May Create Cash Flow Opportunities

By Ken Maeng, J.D. and Shayna Byrne, J.D. 6.1.20 | Client Alert – COVID-19 Update On March 13, 2020, President Trump declared COVID-19 to be a national emergency1. The federal […]

SBA Issues New PPP Guidance on Loan Forgiveness

Naya Pearlman, J.D., LL.M. 5.29.20 | Client Alert COVID-19 Update Last week, after releasing the Paycheck Protection Program (PPP) loan forgiveness application form and instructions, the U.S. Small Business Administration […]

First Look at Key Aspects of the PPP’s Loan Forgiveness Process

Joseph Most, J.D. 5.20.20 | Client Alert – COVID-19 Update Last Friday, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) loan forgiveness application (the Application). The Application […]

Suspension of Excess Business Loss Limitation for Tax Years 2018-2020 Presents Opportunities and Issues

Nastassia Koyfman, J.D., LL.M. 5.8.20 | Client Alert – COVID-19 Update The Coronavirus Aid, Relief, and Economic Security (CARES) Act temporarily suspends Internal Revenue Code (IRC) Section 461 business loss […]

Historic Gifting Opportunity in the Time of COVID-19

Melissa Abbott, CPA, J.D., Marco Svagna, CPA, and Scott T. Ditman, CPA/PFS 5.6.20 | Wealth of Insights – COVID-19 Update The dramatic decline in asset values combined with historically low […]

IRS Issues Notice Addressing Deductibility of Business Expenses Paid with PPP

Joseph Most, J.D. 5.1.20 | Client Alert – COVID-19 Update Last night, the IRS issued Notice 2020-32 which announced its position on the deductibility of business expenses paid with the […]