Insights
This month's Client Alert asks Delaware-incorporated companies to be on the lookout for formal invitations to enter into Delaware's Voluntary Disclosure Program ("VDA Program"). The failure to respond to the VDA Program invitation could result in an unclaimed property audit.... Read More
Estate plans should be all-encompassing. This can include cars, homes, stocks and even digital assets. But another thing estate owners should consider is their beneficiaries, especially if they are minors. According to Dan Goldfarb, a financial adviser at Resource Strategies... Read More
Safe Harbor for Borrowers Who Received PPP Loans in Principal Amount Less than $2 Million On May 13, 2020, the SBA issued its much anticipated guidance (copied below) as to how the SBA will evaluate whether applicants for a CARES... Read More
Material Considerations that Should be Evaluated by All Borrowers under the Paycheck Protection ProgramSummary: This week is a very important week for borrowers ("borrower(s)") under the Paycheck Protection Program ("PPP") as the May 14 deadline to return PPP Loan proceeds... Read More
Paid Leave Bill Passed by House and SenateThe Families First Coronavirus Response Act (HR 6201) passed Congress with bipartisan support and was signed by President Trump on March 18th. Paid Leave Bill Passed by House and Senate The Families First... Read More
April 2020 The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), enacted on March 27, 2020, includes tax relief provisions designed to provide financial assistance and stimulus to address the economic impacts of COVID-19. The CARES Act amends the... Read More
On April 8, 2020, the Internal Revenue Service released Rev. Proc. 2020-23, which significantly expands the number of partnerships that are eligible to file amended returns for tax years beginning in 2018 and 2019. Rev Proc. 2020-23 is intended to provide... Read More
The coronavirus pandemic is placing unprecedented stress on small businesses. Consequently, a key provision in the Coronavirus Aid Relief and Economic Security Act (“CARES”) provides small businesses with greater access to bankruptcy reorganization. CARES amended the Small Business Reorganization Act... Read More
Designed for relief from impacts of COVID; loans issued by approved banks and SBA Who’s Eligible? Employers with 500 or fewer employees (higher limits if in food/hospitality industry); includes certain sole-proprietorships, independent contractors, and self-employed individuals “Small Business Concern”; size... Read More
For the first time in several decades, Congress has enacted substantial changes to retirement plans. The "Setting Every Community Up for Retirement Enhancement" or "SECURE" Act was signed by President Trump on December 20 and was effective January 1, 2020... Read More
This article is based on a presentation by the author at the 2019 meeting of the Ohio fellows of The American College of Trust and Estate Counsel. Read More Read More
As the size of D&O settlements continues to escalate, there is less certainty today than ever before that a company’s D&O insurance program will be sufficient to fund all losses incurred by directors and officers when allegations of wrongdoing arise.... Read More