2020 has been a difficult year for all people. When our country was faced with a global pandemic at a level not seen since 1918, Congress went to work and passed a series of legislation aimed at helping Americans and the small business community. These legislative acts included the Families First Coronavirus Relief Act and […]
By Daniel A. Perry, Esq. On March 27, 2020 the United States government signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act. A key part of this legislation included the Paycheck Protection Program (PPP), which provided two-year loans of up to $10 million with an interest rate of 1%. Individual small businesses were […]
By Daniel A. Perry, Esq. As we navigate the COVID-19 pandemic and review legislation which has passed and is pending, one cannot help but debate whether an amendment to the Federal Estate and Gift Tax may be on the horizon. The Federal Estate and Gift Tax is a tax which is levied upon assets which are […]
By Daniel A. Perry, Esq. There is no doubt that 2020 has been a challenging year for small businesses. A global pandemic has upended our way of life. As of May 19, 4.9 million people have been infected worldwide resulting in more than 300,000 deaths. Not to overlook the health ramifications of this pandemic, but the […]
By Daniel A. Perry, Esq. The Coronavirus Aid, Relief, and Economic Security Act (commonly referred to as the CARES Act) was signed into law by President Trump, following bipartisan support, on March 27, 2020. In total, this was a $2.2 trillion-dollar stimulus package. Since then, there have been discussions in Washington D.C. regarding a second and […]
By Daniel A. Perry, Esq. UPDATED — April 7, 2020: The Families First Coronavirus Relief Act and the CARES Act have added some additional regulations for small businesses. If you are an employer with less than 500 employees, the Family Medical Leave Act now applies to you and you may be required to provide paid sick […]