by hoodlawkc | Tax Planning, Business Law, Business Planning, Tax Law
Small businesses who received Paycheck Protection Program Loans got some good news this week, and may want to hold off on applying for forgiveness for a few weeks due to the stimulus bill signed into law over the weekend creating two important changes to existing PPP...
by hoodlawkc | Tax Planning, Business Law, Business Planning, Tax Law
Providing Tax-Free Assistance to Employees The holiday season is a time when many employers opt to show their appreciation for their employees. From holiday parties to Christmas bonuses, employers often make discretionary payments to reward a year of hard work or high...
by hoodlawkc | Tax Planning, Business Law, Business Planning, Tax Law
The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was signed into law on March 27, 2020. Among other programs, the CARES Act created the Paycheck Protection Program (“PPP”), which provided loans to enable small and mid-sized business to continue to keep...
by hoodlawkc | Tax Planning, Tax Law
Most taxpayers are aware of employer-sponsored retirement plans like 401(k) accounts and individual retirement accounts like IRAs. They may even be aware of Health Savings Accounts (HSAs) as a way for employers to pitch in for employees’ medical expenses. Many,...
by hoodlawkc | Tax Planning, Business Law, Business Planning, Tax Law
Almost no one would argue that American families are struggling to make ends meet during the COVID-19 pandemic. Nevertheless, the White House and its allies have repeatedly pointed to rallying stock prices as evidence of a “V” shaped economic recovery, a rally which...
by hoodlawkc | Business Planning, Business Law, Tax Law, Tax Planning
Loan Forgiveness Generally When the Coronavirus Aid, Relief, and Economic Stimulus (“CARES”) Act was signed into law on March 27, 2020, it created the Paycheck Protection Program (“PPP”). The PPP provided loans to businesses that were facing financial uncertainty due...
