updates

SEC Revises Definition of Accredited Investor

September 3, 2020
On August 26, 2020, the Securities and Exchange Commission (the “SEC”) amended the definition of “accredited investor” as defined under Rule 501 of Regulation D of the Securities Act of 1933, as amended (the “Securities Act”).  This new definition provides for additional categories of investors who are deemed to have...
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M&A Transactions and Paycheck Protection Loans

September 3, 2020
The CARES Act passed on March 27, 2020 provided forgivable Paycheck Protection Program (PPP) loans to small businesses to assist with the uncertain economic conditions resulting from the COVID-19 pandemic.  As most PPP borrowers have not yet submitted the application for PPP loan forgiveness, buyers and sellers in M&A transactions...
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Guidance on Payroll Tax Deferral and PPP Loan Forgiveness

September 3, 2020
Guidance on Payroll Tax Deferral On August 28, 2020, the IRS issued IRS Notice 2020-65, which provides guidance for implementing the Presidential Memorandum dated August 8, 2020, whereby the President directed the Secretary of the Treasury to defer withholding and payment of the employee portion of certain payroll tax obligations....
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Important Changes to Paycheck Protection Program

June 5, 2020
On Wednesday, June 3, 2020, the Senate unanimously passed the Paycheck Protection Program Flexibility Act (“PPP Flexibility Act”) which also passed the House last week with a 417-1 vote. The President signed it on June 5, 2020. The two pages of legislation contain significant and favorable changes to the Paycheck...
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New Guidance Regarding Loan Forgiveness under the Paycheck Protection Program

June 5, 2020
If you received a loan under the Paycheck Protection Program, you are probably starting to wonder how to apply for forgiveness of that loan.  On May 15, 2020, the SBA released the Paycheck Protection Program Loan Forgiveness Application (“SBA Forgiveness Application”), which provides a fillable application to calculate the amount...
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Key Tax and Loan Provisions of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)

April 1, 2020
On March 27, 2020, the CARES Act was signed by the President.  The CARES Act is an extensive stimulus bill, which includes assistance for large and small businesses, as well as individuals.  In this alert, we are focusing on the benefits it provides to small businesses generally with less than...
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FAQs on Families First Coronavirus Response Act (FFCRA)

April 1, 2020
The Families First Coronavirus Response Act (FFCRA) was signed by the President on March 18, 2020 and goes into effect on April 1, 2020. We have put together the following information to help answer some of your questions. What is the purpose of the Families First Coronavirus Response Act (FFCRA)? It...
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NEW PARTNERSHIP TAX AUDIT RULES FOR 2018

June 14, 2018
What is it: The IRS enacted new partnership audit rules (“New Partnership Audit Rules”) in 2015 that take effect for all partnership tax returns filed for partnership tax years beginning January 1, 2018. The New Partnership Audit Rules apply to LLCs taxed as partnerships. ...
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Schneider Law Group Welcomes Chelsea Parish

June 14, 2018
Schneider Law Group is pleased to announce that Chelsea Parish has recently joined the firm as an associate attorney. Chelsea brings added depth to SLG's corporate, tax, securities and transactional practice....
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Presentation on 2017 Tax Reform Act

June 14, 2018
Jason was recently in Atlanta presenting on the planning opportunities under the 2017 Tax Reform Bill at the Abacus Worldwide Annual North American Conference....
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