March 27th, 2020
Tax Provisions of the CARES Act
Individuals Creates a credit against 2020 taxes in the form of rebate for U.S. residents with social security numbers and not a dependent of another based on 2019 adjusted gross income (or 2018 if 2019…
March 27th, 2020
Paycheck Protection Program
Today, March 27, 2020 the “Coronavirus Aid, Relief, and Economic Security Act” (the “CARES Act”) was signed into law by the President. Certain eligible businesses will be able to apply for emergency loan programs available from…
March 26th, 2020
What Do You Do If Your Employee Tests Positive for Coronavirus or Has Symptoms of the Coronavirus
As an employer, we all want of our employees, clients and those with whom we do business to be safe. A way to stay safe and healthy is to continue to follow the Centers for…
March 26th, 2020
IRS Provides Further Relief to Delinquent Taxpayers During COVID-19 Crisis – People First Initiative
Effective March 25, 2020, the IRS instituted a host of sweeping changes aimed at reducing taxpayers’ compliance burden during the COVID-19 outbreak. Such changes fall into two broad categories: changes to existing agreements with the…
March 25th, 2020
The Doctrine of Impossibility/Frustration of Purpose
While a force majeure clause in a contract likely does not excuse the obligation to pay rent or other monetary obligations under a contract, parties to contracts are currently looking for other possible defenses to…
March 20th, 2020
IRS and Maryland Extend Tax Filing and Payment Deadlines
In light of difficulties resulting from the coronavirus, IRS has extended the tax filing deadline and the payment deadline from April 15, 2020 to July 15, 2020. The extension applies to individual, corporate, partnership, trust…
March 19th, 2020
The Impact of Planning and Forgotten Contract Clauses – Understanding “Force Majeure” aka “the Act of God” clauses in the new COVID-19 World
COVID-19 has caused many to review their contracts and look at what to do in a the new COVID-19 world. “Force majeure” aka “Act of God” clauses are provisions that explain to parties what happens…
March 18th, 2020
COVID-19: Ways We Are Working With You And For You At Stein Sperling
We at Stein Sperling recognize the impact that COVID-19 is having on communities, businesses and individuals nationwide. We are particularly aware of the impact it is having on our community. As we have prepared for this…
March 16th, 2020
What the “Families First Coronavirus Response Act.” Means for You and Your Business
UPDATED 3/26/2020: President Trump has just signed into law the revised “Families First Coronavirus Response Act.” The Act becomes effective on April 2, 2020, so employers should immediately begin preparations to ensure compliance with the…
March 5th, 2020
Home Sweet Home: Choosing the Right State(s) to Form and Operate Your Business
When forming a new business, one of the first questions typically asked is: In which state should the business be formed? An Internet search suggests that the best place to form a new business may…
