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,”
McCarthy Lebit
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
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.
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