On August 28, 2020, the Internal Revenue Service (IRS) issued Notice 2020-65 to provide needed guidance on an Executive Order issued by President Trump on...Read More
Small Business Administration (SBA) Paycheck Protection Program (PPP) loans, administered under the 7(a) guaranty loan program, are being provided through local financial institutions. While these...Read More
The CARES Act provides employers with an Employee Retention Credit to assist in retaining employees throughout the COVID-19 emergency. Eligible employers can claim this credit...Read More
Following extensive publicity regarding large or publicly-traded businesses that have received loans under the Paycheck Protection Program (PPP), the Treasury Department has updated its PPP...Read More
On Thursday, April 9, 2020, the Internal Revenue Service (IRS) announced expanded Coronavirus related relief, granting taxpayers an automatic extension of time to file a...Read More
As part of the ongoing effort to provide relief from the COVID-19 emergency, Congress passed, and the President signed, the Coronavirus Aid, Relief, and...Read More
With the federal income tax deadline postponed until July 15, 2020 due to the COVID-19 emergency, states have begun to address whether they will follow...Read More
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), a $2.2 trillion Phase 3 COVID-19...Read More
Some Maryland not-for-profit organizations are eligible to apply for funds from the newly created COVID-19 Emergency Relief $50M Grant Fund, which provides working capital intended...Read More
