Pending congressional legislation (the Consolidated Appropriations Act, 2021) would make expenses paid with forgiven PPP loans tax deductible. Although it was always clear that forgiveness of a PPP loan would not be treated as taxable income, the IRS has taken… Read More

Beginning November 12th, 2020 Baltimore City is accepting applications for grant funds to Restaurants to cover COVID-related expenses. The maximum grant amount available is $50,000 and the program itself will award up to $6,500,000 in total funds. Grants are awarded… Read More

Just a reminder, the 24-week period to apply for forgiveness is beginning to expire for early recipients of PPP funding. Be sure to review your forgiveness application deadline (count the weeks that have passed since your PPP funding) and contact… Read More

The IRS has released its annual “dirty dozen” list of scams for which taxpayers should keep an eye out. https://www.irs.gov/newsroom/https://www.irs.gov/newsroom/dirty-dozendirty-dozen

On Friday, April 10th, 2020, Governor Hogan signed an Emergency Order to permit the remote witnessing of Wills, Powers of Attorney, and Advanced Directives. This Order allows for estate planning documents to be witnessed without requiring the witness to be… Read More

Maryland has always had laws in place to dictate what happens to someone’s estate when they die without a Last Will and Testament. In the last year one of those laws has changed slightly, specifically Senate Bill 317 was enacted… Read More

On March 27, 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. It’s an approximate $2 trillion aid package and sets aside $350 Billion for Paycheck Protection Loans and $10 Billion for Economic Injury Disaster Loans for… Read More

About 3 weeks ago, we shared some guidance concerning how you, as an employer, can help protect against the spread of the novel coronavirus. Since then, much has transpired and while that guidance remains relevant, there are certain developments of… Read More

Small Business Grants of Up to $50,000 Are Now Available Governor Hogan and the Maryland Department of Labor (“Labor”) recently launched the COVID-19 Layoff Aversion Fund. The purpose of the Fund is to support businesses undergoing economic stresses due to… Read More

At 11:00 a.m. this morning, the Governor of the State of Maryland issued an Executive Order closing all non-essential businesses in the State of Maryland, commencing at 5:00 p.m. today. To aid businesses in understanding the scope of this order,… Read More