Following the 8-week period ends from the date a PPP loan is disbursed, a borrower must actually petition the SBA for forgiveness of the loan. The SBA has just published the PPP Forgiveness Application and Template. You can also visit sba.gov for additional Small Business Guidance & Loan Resources.
With the Coronavirus pandemic causing widespread disruption, the IRS has given taxpayers one less thing to worry about. On March 20, the IRS issued Notice 2020-18, which automatically postpones until July 15 the due date for filing a Federal income tax return and paying Federal income tax. Here’s what you need…
Recently, the New York legislature vested the state’s executive branch with unilateral power to change or suspend state law so long as it is done in furtherance of New York’s response to the Covid-19 coronavirus. See, Section 29-a of Article 2-B of the Executive Law. For example, Governor Andrew Cuomo…
Physician employers (“Medical Practices”) often ask physicians to sign non-competition agreements in order to protect the Medical Practice’s legitimate business interests, such as confidential information, existing patient relationships, specialized training, or professional goodwill. In Florida, a non-competition agreement is generally upheld if the non-competition covenants are reasonable in time, geographic…
On June 21, 2019, the United States Supreme Court held that a North Carolina statute, which imposed a tax on a trust based solely on the residency of the beneficiary, violated the Due Process Clause of the United States Constitution. In the case, North Carolina Department of Revenue v. Kimberley…
