HOW THE LATEST COVID-19 NEWS CAN AFFECT YOU | March 28, 2020
Small and midsize employers can begin taking advantage of two new refundable payroll tax credits designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing COVID-19-related leave to their employees. This relief to employees and...
HOW THE LATEST COVID-19 NEWS CAN AFFECT YOU | March 28, 2020
SBA Loan Application Process We are working diligently to provide updates on the CARES Act as information becomes available. In particular, we have been fielding many questions about the application process and required documentation. While there may be additional...
HOW THE LATEST COVID-19 NEWS CAN AFFECT YOU | March 26, 2020
FREQUENTLY ASKED QUESTIONS FOR DETERMINING WHETHER A BUSINESS IS SUBJECT TO A WORKFORCE REDUCTION UNDER RECENT EXECUTIVE ORDER ENACTED TO ADDRESS COVID-19 OUTBREAK If your question is not answered below, please contact ESD at our website at:...
HOW THE LATEST COVID-19 NEWS CAN AFFECT YOU | March 25, 2020
By Joan M. McGivern, Counsel Business Interrupted? Part II: What if There is No Force Majeure Clause: Other Responses to COVID-19 Contract Breaches With companies across the country and the world facing business interruptions from the Coronavirus (COVID-19), it is...
HOW THE LATEST COVID-19 NEWS CAN AFFECT YOU | March 25, 2020
By Joan M. McGivern, Counsel With companies across the country and the globe facing business interruptions from the coronavirus (COVID-19), it is time to take stock of your existing contracts. Which contracts will result in nonperformance and why? Will your...
HOW THE LATEST COVID-19 NEWS CAN AFFECT YOU | March 24, 2020
HOW THE LATEST COVID-19 NEWS CAN AFFECT YOU | March 23, 2020
In response to the coronavirus outbreak and in an effort to ease people’s financial worries, U.S. Treasury Steve Mnuchin announced that the deadline to file income tax returns has been pushed back three months. Lorraine Paceleo, Attorney, Twomey, Latham, Shea, Kelley,...
HOW THE LATEST COVID-19 NEWS CAN AFFECT YOU | March 19, 2020
Jeffrey W. Pagano is the Partner in charge of our Labor & Employment Practice. Thursday, March 19, 2020, Governor Cuomo amended his recently issued Executive Order No. 202.6 to mandate that businesses and not-for-profit entities reduce their in-person workforce by...
INSIGHTS | By: Christina M. Noon | February 11, 2020
2019 ended with President Trump signing a spending bill funding the federal government through Fiscal Year 2020. Included with the spending bill is the Setting Every Community Up for Retirement Enhancement (“SECURE”) Act. The SECURE Act enacts major changes to rules...
INSIGHTS | By: | February 5, 2020
In December 2017 President Donald J. Trump signed into law the Tax Cuts and Jobs Act (the “TCJA”). Among other provisions, the TCJA doubled the federal estate and gift tax exemption amount from $5 million to $10 million, adjusted for inflation. For example, for 2020...