Tax Law Insights
05.26.2021 | by:
Erik P. Doerring
The State of South Carolina has now adopted legislation allowing “pass through” entities to elect each year to be taxed at the entity level on…
05.4.2021 | by:
Erik P. Doerring
Tobacco manufacturers and distributors have long made refund/rebate payments to retailers for the retailer’s purchase of cigarettes and other tobacco products from the manufacturer, provided…
03.31.2021 | by:
Jeffrey T. Allen
C. Logan Hinkle
Christian W. Borek
On March 11, 2021, President Biden signed into law the American Rescue Plan Act (“ARPA”). The ARPA mandated several important changes for both employers and…
03.31.2021 | by:
Erik P. Doerring
President Biden has signed the PPP Extension Act of 2021. The new law extends the Paycheck Protection Program (PPP) application filing deadline from March 31,…
03.23.2021 | by:
C. Logan Hinkle
Christian W. Borek
On March 11, 2021, President Biden signed into the law the American Rescue Plan Act (“ARPA”) containing $1.9 trillion in financial stimulus. Though not highly…
03.15.2021 | by:
Jeffrey T. Allen
Prior to the passage of The American Rescue Plan Act of 2021 on March 11, 2021 (the “Rescue Act”) the employee retention credit, as amended…
03.12.2021 | by:
Erik P. Doerring
The second PPP loan program is due to expire March 31, 2021. Many eligible businesses have still not applied. President Biden announced changes to the…
03.4.2021 | by:
Jeffrey T. Allen
The Tax Cuts and Jobs Act of 2017 (TCJA) imposed a $10,000 cap on the federal deduction for state and local taxes for tax years…
03.2.2021 | by:
Jeffrey T. Allen
The Employee Retention Credit, as originally enacted on March 27, 2020 by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), is a refundable…
02.15.2021 | by:
Erik P. Doerring
The US Department of Justice announced the first civil settlement involving allegations of fraud against a PPP borrower. SlideBelts Inc. received a PPP loan under…
