Even while conditions in some states have improved enough to allow some workers in exile to begin returning to their workplaces, life isn’t likely to return to normal for a long while, thanks to the novel coronavirus (COVID-19) crisis. First, some employees worried about the chances they could become infected might balk at the idea of… Continue reading

Few businesses have been left unscathed by the novel coronavirus (COVID-19) pandemic. Unfortunately, many have been mortally wounded. Some may be living on life support thanks to financial help from the government, but their long-term survival is in doubt. That may not be inevitable, however, particularly for businesses that are proactive. Business advisors are instructing companies… Continue reading

At long last, Congress passed legislation to correct a drafting error related to real estate qualified improvement property (QIP). The correction is part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was signed into law on March 27, 2020. The correction retroactively allows real property owners to depreciate QIP faster than before.… Continue reading

The coronavirus (COVID-19) pandemic is causing economic hardship for many people and businesses in the United States. On March 27, the $2.2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law by President Trump. A key provision of the new law allows tax-favored treatment for people who take so-called coronavirus-related distributions… Continue reading

See below for a video of a webinar presented by Chris A. Gabrick, Principal, SSB. Topics addressed in the webinar include the following: Families First Coronavirus Response Act Paid sick leave and expanded family and medical leave Credits available Federal and state filing and payment extensions SBA Emergency Injury Disaster Assistance Loan Coronavirus Aid, Relief… Continue reading

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020. In addition to giving people access to health care treatments, the new law will provide roughly $2 trillion in much-needed financial relief to individuals, businesses, not-for-profit organizations, and state and local governments during the coronavirus (COVID-19) pandemic. Here are… Continue reading

The U.S. Department of Labor is requiring employers to post a notice of the Families First Coronavirus Response Act (FFCRA) regarding paid sick leave and expanded family and medical leave. This must be posted in a conspicuous area on the employer’s premises effective April 1, 2020. If an employer has employees who are working remotely,… Continue reading