SBA Announces Official Restaurant Revitalization Fund Application and Guidelines
April 23, 2021
Last week, I wrote about the Small Business Administration’s (SBA’s) draft application for the $28.6 billion Restaurant Revitalization Fund (RRF)
McCarthy Lebit
Restaurant Revitalization Fund Draft Application Released by the SBA
April 16, 2021
On March 11, the American Rescue Plan Act of 2021 (ARPA) created the $28.6 billion Restaurant Revitalization Fund (RRF) to
FEMA Offering Funeral Assistance to Families of COVID-19 Victims
April 13, 2021
The Federal Emergency Management Agency (“FEMA”) has a mission of helping citizens during times of disaster. COVID-19 has certainly been
Treasury, IRS Issues Guidance to Businesses About Temporary Food & Beverage Deduction Exception
April 9, 2021
On Thursday, the United States Department of Treasury and the IRS released guidance which temporarily allows businesses a full deduction
President Biden’s $2.24 Trillion Infrastructure Overhaul and Corporate Tax Proposal
April 7, 2021
Following its $1.9T COVID-19 relief bill, the Biden Administration released details of its next spending bill, the “American Jobs Plan,”
Update: Ohio Extends Tax Deadline to May 17th
March 18, 2021
The Internal Revenue Service (IRS) announced Wednesday that the deadline to file individual federal income tax returns for the 2020
Important Legislation Impacting Small Business
January 26, 2021
The 2021 new year arrived with two important legislative changes that impact privately owned businesses. The first pertains to a
IRS Issues Guidance on PPP Loan Covered Expense Deductions
November 19, 2020
This article applies to all those businesses which applied for and received a loan in 2020 through the Paycheck Protection
Estate Planning Implications of 2020 Election
November 19, 2020
With Joe Biden as the President-elect and the fate of the Senate to be determined, one may want to consider
5 Million Pieces of Mail Go Unopened Due to IRS Backlog
October 9, 2020
The Internal Revenue Service (IRS) is currently experiencing a backlog of over 5 million pieces of mail, about half of