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05.29.20 / News, Trending

COVID-19: NY State Senate bill would treat income earned working from home outside NY as exempt

New York Senate bill S.8386, introduced on May 21, 2020, would provide relief to businesses whose employees are working from home outside of New York...

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05.19.2005.19.20 / News, Trending

COVID-19: New Guidance Issued for Paycheck Protection Program Loan Forgiveness

Any business that received a loan under the Paycheck Protection Program (PPP) has been awaiting guidance on the loan forgiveness process. On May 15...

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05.04.2005.05.20 / News, Trending

COVID-19: Guidance issued to disallow tax deduction for expenses paid using proceeds from Paycheck Protection Program

In Notice 2020-32, the IRS has clarified that no deduction is allowed for an expense that is otherwise deductible if both (1) the payment of the...

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05.01.2005.01.20 / News, Trending

COVID-19: Federal Reserve expands reach of ‘Main Street’ emergency lending programs for midsized businesses

Federal Reserve adds third loan facility, increasing size of firms that can participate and reducing minimum loan size to $500,000; 'evaluating...

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