Physician Practices and Their Tax Issues

Historically, physician practices were set up as sole proprietorships or partnerships. As the business of medicine and the liability risks grew more complex, however, new entities were created. Medical practices now have a number of legal organization form options,...

New OSHA Guidance on Tracking COVID-19 at Work

Until recently, employers in only a handful of industries had to provide significant reporting on COVID-19 transmission in the workplace. But as of May 26, new Occupational Safety and Health Administration guidelines require a much wider range of employers to...

SBA and Treasury Issue Guidance on Paycheck Protection Program Flexibility Act and New Loan Applications

On June 11, 2020, the Small Business Administration (SBA) and Treasury Department issued an interim final rule (IFR) providing initial guidance for implementing H.R. 7010, Paycheck Protection Program Flexibility Act, which became law on June 5. Additional IFRs were...

Pandemic Leads to State Border Tax Complications

Do you run a company with an at-home workforce, leaving you with employees now working in another state? Are you such an employee yourself? You may be facing some tax confusion. Having some basic understanding of what happens will help businesses make the right...

Senate Approves Paycheck Protection Program Flexibility Act of 2020; President Trump Expected to Sign

Last night, June 3, 2020, the U.S. Senate passed the Paycheck Protection Program Flexibility Act of 2020, tripling the time allotted for small businesses and other PPP loan recipients to spend the funds and still qualify for forgiveness of the loans. The bipartisan...

SBA ISSUES ADDITIONAL GUIDANCE ON PPP LOAN FORGIVENESS

June 3 Update: Senate Approved Paycheck Protection Program Flexibility Act of 2020; President Trump Expected to Sign. As a follow-up to the May 15 release of the PPP loan forgiveness application, the SBA and Treasury released two more interim final rules (IFRs) on May...
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