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Archive for the ‘ Blog ’ Category

PPP Loans and the Treasury Zinger

Sunday, May 3rd, 2020

“Taxes are the life blood of the government.” Well that is true and here is an example. On April 30, 2020 the IRS issued Notice 2020-32 (“Notice”) https://www.irs.gov/pub/irs-drop/n-20-32.pdf . The Notice states that although forgiveness of a PPP loan is… Read More

Keeping apprised of the Tax Aspects of the Coronavirus Aid, Relief, and Economic Security Act

Saturday, May 2nd, 2020

In an effort to keep our clients apprised about the tax aspects of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), Thomas & Libowitz, P.A. offers free consultations and the below outline of three major tax aspects of… Read More

COVID-19 Considerations in Maryland Commercial Leasing

Thursday, April 30th, 2020

By: John R. Wise Companies everywhere are presented with economic pressures by the COVID-19 pandemic.  The Maryland commercial leasing community is working on two fronts to confront these challenges:  lease restructurings and insurance claims.  Many landlords and tenants have already… Read More

Remote Witness Order

Monday, April 13th, 2020

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

Who Gets What When There Isn’t a Will?

Monday, April 6th, 2020

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

The Coronavirus Aid, Relief, and Economic Security (CARES) Act

Saturday, April 4th, 2020

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

The Families First Coronavirus Response Act: What You Need to Know as an Employer

Wednesday, April 1st, 2020

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

Layoff Aversion Fund

Monday, March 30th, 2020

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

Governor Closes All Nonessential Businesses in Maryland

Monday, March 23rd, 2020

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

Coronavirus: Is Your Business Prepared?

Thursday, March 12th, 2020

Everywhere you turn today, Coronavirus is the number one topic in the news, on social media and in conversation. From instructions on proper handwashing techniques to appropriate self-containment protocols, there is substantial information (and misinformation) being disseminated. It may be… Read More