The U.S. Small Business Administration (the “SBA”) began accepting applications for Paycheck Protection Program loans (a “PPP loan”) on April 3, 2020. Even though the SBA and the U.S. Department of Treasury (the “Treasury”) have previously published general guidance in …

This article summarizes certain portions of the Paycheck Protection Program contained in the recently enacted CARES Act. It focuses particularly on a few of the technical questions relating to PPP loans and the possible forgiveness of a portion of such …

In an effort to stabilize the economic impact of the COVID-19 pandemic, on Friday, March 27, 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). This relief package is unprecedented and is the largest of its kind …

On Wednesday, March 18, 2020, the Senate passed, without change, the Families First Coronavirus Response Act which was adopted by the U.S. House of Representatives a few days ago. President Trump has indicated that he is going to sign the Bill in …

You hear the words “succession planning” often in today’s business world. This part of a company’s strategic planning, which can be critical to its success and sustainability, requires careful consideration. The following case study is an example of a succession …

One of the few tax incentives still available to manufacturers, assemblers and distributors of goods that are produced in the United States and exported for sale is the interest charge domestic international sales corporation (IC-DISC). An IC-DISC can be used …