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  Two Important Tax Opportunities Are About to Expire   The Coronavirus Aid, Relief and Economic Security ("CARES") Act provided numerous opportunities for tax relief, two of which are about to lapse: Required Minimum Distributions Required Minimum Distributions (RMDs) from retirement plans are waived for the 2020 tax year....

What Does the Executive Order Deferring Payroll Tax Mean For You?   President Trump recently released a memorandum on deferring the withholding, deposit and payment of the employee’s share of the 6.2% social security tax on wages paid during the period of September 1, 2020 through December...

Paycheck Protection Program: Frequently Asked Questions There are many questions that still surround the Paycheck Protection Program (PPP) and loan forgiveness. The Small Business Administration (SBA) has released a list of the most frequent questions they receive along with general guidance. Included in this FAQ: • Which application...

What You Need to Know about Additional Opportunity Zone Relief Available due to COVID-19 Pandemic Qualified Opportunity Funds (“QOF”) and their investors have been working diligently to try and meet certain time-sensitive deadlines in order to comply with various Opportunity Zone rules. Due to the COVID-19...

New Law Provides Welcome Modifications to PPP Congress has acted to change the Paycheck Protection Program (“PPP”) including to relax PPP Loan Forgiveness rules with the goal of making it easier for many businesses to qualify for loan forgiveness on a larger portion of their loans....