Major Changes to Federal Estate & Gift Tax Proposed
The 99.5 Percent Act has been proposed in the Senate, which could result in the most extensive changes to the federal estate and gift tax in decades.
Is Your Business Taking Advantage of Section 139 Disaster Relief Payments?
As businesses continue to deal with the pandemic and look for ways to assist their employees, Section 139 payments are a great way to benefit both the employee and the employer.
New Ruling on Wind Farms and Coastwise Trade Laws in the U.S.
On January 27, 2021, the U.S. Customs and Border Protection office issued a letter ruling regarding several scenarios related to wind farms and the coastwise trade laws of the United States. It is the first decision...
New Pennsylvania Bill Aligns with Federal Tax Treatment of Forgiven PPP Loans
On February 5, 2021, Governor Wolf signed into law Act 1 of 2021 (SB 109), which, among other things, provides clarity and relief for Pennsylvanians who received Paycheck Protection Program (PPP) funds. It was made clear the forgiveness of a PPP loan will not result in Pennsylvania personal taxable income.
Passage of the NDAA Provides Boost for U.S. Maritime Community
Congress has passed the National Defense Authorization Act (NDAA), which includes provisions that have implications for those in the maritime community. Most significantly, the NDAA settled inconsistent federal agency interpretations regarding...
New Law Legalizes Robotic Deliveries in Pennsylvania
Pennsylvania has a new law on the books that legalizes the use of Personal Delivery Devices, but municipalities are limited in the ways they can regulate such devices.
Change-In-Ownership Guidance for PPP Borrowers and Lenders
The latest information from the SBA, issued in Procedural Notice No. 5000-20057, has important implications for PPP recipients who have, are in the midst of, or are contemplating effecting a change in ownership of their entity. Of importance, certain changes of ownership will require the approval of the SBA, or, at the very least notice to the SBA.
Making a Campaign Contribution? Make Sure You’re Compliant
By Anthony T. Verwey -- As the political season continues the rush toward November, all businesses and their employees should be paying attention to recent reporting regarding “conduit” campaign contributions, which have the potential to put both parties in jeopardy…
Using COVID-19 Liability Waivers to Protect Your Business
By John Rafferty — As many institutions take further steps to reopen, most are interested in creating a safe environment and simultaneously, reducing liability for future COVID-related issues. Some institutions have gone so far as to ask that persons receiving services sign liability…
Order Issued Requiring Face Coverings in Pennsylvania
On July 1, 2020, the Secretary of the Pennsylvania Department of Health issued the first Order in Pennsylvania requiring universal face coverings that fully cover the nose and mouth to be worn to prevent further transmission of COVID-19. The Order…