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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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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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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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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