On July 22, 2020, to combat the District’s increase in coronavirus cases, Mayor Muriel Bowser signed an Order that mandates […]
Tag Tax
COVID Tax Relief for Businesses
Businesses affected by COVID-19 may qualify for tax relief though credits or deferrals. The following is a breakout of the […]
Changes to the PPP Loan Program and Forgiveness Eligibility
The U.S. Senate passed by voice vote on June 3, 2020, the Paycheck Protection Program (PPP) Flexibility Act of 2020 […]
Virginia Governor Issues Public Mask Requirement
Mandatory for employees of essential retail businesses Effective Friday, May 29th, Virginians age ten (10) and older must wear cloth […]
Maryland updates Pass-through Entity Tax Meant to Circumvent the Federal SALT Limitation
On May 7, 2020, Maryland joined states such as Connecticut, Louisiana, New Jersey, Oklahoma, and Wisconsin, to enact an elective […]
2021 Health Savings Account Limits Increased By IRS
The Internal Revenue Service (IRS) announced the following on May 20, 2020, applicable for the tax year 2021: The annual […]
PPP Loan Forgiveness Application is Now Available
The Small Business Administration (SBA) has announced the release of the Paycheck Protection Program (PPP) Loan Forgiveness Application. The Treasury […]
Virginia Enacts Several New Employment Laws
While COVID-19 has been garnering the headlines, Virginia has quietly enacted several new employment-related laws that will redefine employees’ rights […]
DC Expands Temporary Paid Sick Leave, Unemployment
On April 7, 2020, the D.C. Council passed its second emergency COVID-19 relief bill, the COVID-19 Response Supplemental Emergency Amendment […]
New York Enacts Statewide Permanent Paid Sick Leave Law
On April 3, 2020, New York State Governor, Andrew M. Cuomo, signed into law an unpaid and paid sick leave […]
A COVID-19 Tax Credit and Document Retention Primer
The Internal Revenue Service (“IRS”) recently provided an initial guidance document to assist businesses with the process of defraying the costs of […]
Paycheck Protection Program Loan Go Live
To incentivize employers to maintain payroll during the COVID-19 pandemic, the SBA is providing up to $349 billion in 100% […]