The Chester County Chamber of Business & Industry (CCCBI) is revealing the two women it will honor as 2022 Female Business Leader of the Year as well as 2022 Rising Star. Sandra L. Knapp, a partner at Gawthrop Greenwood, has…
By Stephen J. Olsen, Esq. Over the last few years, Gawthrop Greenwood’s tax, trusts and estate practice has seen a significant increase in questions and issues related to cryptocurrencies and non-fungible tokens (“NFT”). (It is only a matter of time…
In his latest effort to curb the spread of COVID-19, President Joe Biden announced new steps his administration would be taking that will have significant impacts on millions of employees and the businesses that employ them. Included in this announcement…
In 2021, most people can be forgiven for feeling as though investing in cannabis companies is completely legal and without risk. After all, the vast majority of states allow adult use, medical use, or at least some type of CBD…
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.
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.
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.
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…
By Gordon W. Prince, Esq. In light of the newly executed Paycheck Protection Program Flexibility Act (the “Act”), discussed fully here, the SBA (in consultation with the U.S. Department of Treasury) issued a revised PPP loan forgiveness application, as well…
By Gordon W. Prince, Esq. The Paycheck Protection Program Flexibility Act of 2020, a bill that focuses on easing restrictions on small businesses who will be seeking to have their PPP loans forgiven, has been signed into law by the…