SEC Expands Eligible Participation in Private Offerings
September 17, 2020
Seeking to protect private investors, the Securities and Exchange Commission (SEC) has long imposed stringent restrictions on “accredited investor” qualifications.
McCarthy Lebit
IRS Issues Guidance on Presidential Order to Defer Payroll Taxes
August 31, 2020
On August 8, 2020, President Trump issued a Presidential Memorandum directing the Secretary of the Treasury to use his authority
CARES Act Allows Coronavirus-Related Relief for Retirement Plans and IRAs
June 26, 2020
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides for special rules concerning coronavirus-related distributions, rollovers, loans, and
SBA Releases Paycheck Protection Program Loan Forgiveness Application
May 18, 2020
On Friday, May 15th, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) Loan Forgiveness Application together with
COVID-19 Business Interruption Insurance Claims: Time is of the Essence
May 18, 2020
Since Ohio Governor Mike DeWine’s announcement that the Ohio Department of Health (ODH) has issued a Director’s Order that will
Small Business Administration Clarifies Eligibility Requirements of Paycheck Protection Program Applicants
May 7, 2020
In a prior post (see Small Business Administration Issues “Fraud Warning” to Paycheck Protection Program Applicants), I wrote about the
No Expense Deduction for Forgiven PPP Loan Amounts
May 1, 2020
By now everyone should be aware of the Paycheck Protection Program (“PPP”) that enables small businesses to obtain favorable loans
Small Business Administration Issues “Fraud Warning” to Paycheck Protection Program Applicants
April 28, 2020
In response to public backlash surrounding large and profitable companies obtaining loans under the Paycheck Protection Program (PPP), the SBA
Ohio Announces 2020 Back-to-School Sales and Use Tax Holiday
April 28, 2020
Ohio will provide back-to-school shoppers with an August sales tax holiday. The holiday will begin on Friday, August 7, 2020
IRS Releases Temporary Procedures on Claiming Quick Refunds of Credit for Prior Year Minimum Tax Liability and NOLs
April 17, 2020
On April 13, the IRS released guidance to provide temporary procedures to fax certain Forms 1139 and 1045 in order