April 2020

Tax Breaks and Benefits for Businesses Impacted by COVID-19

The pandemic of COVID-19 has drastically impacted the United States economy. Over the past few weeks, federal legislation has quickly been enacted to help stimulate the economy and provide much needed cash flow to individuals and businesses. In this alert,…

March 2020

How to Handle a Bankruptcy Filing By an Owner or Subcontractor

Given the coming economic turbulence stemming from the COVID-19 pandemic, general contractors should be prepared with a plan of action in case a project owner or subcontractor files a bankruptcy petition. This article discusses two issues in that regard wh…

Payroll Loans and Loan Forgiveness: New Relief Opportunities for Small Businesses under the CARES Act’s Paycheck Protection Program

This afternoon the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), a nearly $2 trillion stimulus package to help address the economic impact of the recent COVID-19 pandemic was signed into law. Included in the CARES Act is a Paycheck …

Extension of April 15th Tax Payment and Filing Deadline in Response to COVID-19

On March 21, 2020, the Treasury Department and Internal Revenue Service (IRS) announced that the Federal income tax filing and payment due date will be automatically extended until July 15, 2020.Any individual, trust, estate, corporation, or unincorporated…

Law Enforcement Actions in the Wake of COVID-19

The Department of Justice, State Attorney Generals and federal and state regulators will be vigilant and aggressive in identifying, investigating and prosecuting fraud. Industries that are involved in government contracting and receive federal and state…

President Trump Signs “Families First Coronavirus Response Act” (H.R. 6201)

On March 25, 2020 the DOL's Wage and Hour Division issued it's first round of guidance.On Wednesday, March 18, 2020, President Trump signed into law the “Families First Coronavirus Response Act,” which passed by a majority of votes in both houses of Co…