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Coronavirus Tax Update – April 17, 2020
In the three weeks since the CARES Act was signed into law, there have been numerous administrative and regulatory developments regarding state and federal taxation. This article summarizes several of the key developments. IRS Developments Payroll Protection Program Loans. Businesses, sole proprietors, and independent contractors have been encouraged to apply… Continue
Business Interruption and COVID-19
As COVID-19 continues to spread, many businesses have found themselves in uncharted territory, wondering how and if they will weather the storm. The impact of government-ordered shutdowns, loss of revenue, and disruptions to supply chains have left business leaders looking to their insurance policies for relief, specifically their Business Interruption… Continue
Pennsylvania Issues Limited Guidance for Parties, and Related Professional Service Providers, Who Entered into Certain Residential Real Estate Transactions Prior to March 18, 2020
On March 19, 2020, Governor Wolf ordered that all non-life sustaining businesses in Pennsylvania close. This order significantly impacted the ability of professionals involved in the residential real estate transactions process to perform their functions. Under the new limited guidance, inspections, appraisals, final walk-throughs, and in-person title insurance activities may… Continue
Life Sustaining Business FAQs (Updated April 9, 2020)
On April 9, 2020 Governor Wolf updated the Frequently Asked Questions as to Life Sustaining Businesses. Here is the full FAQ document as posted on Pennsylvania’s Department of Community and Economic Development’s web page. Businesses with specific questions not addressed in the FAQ document should consult with their legal counsel.
Remote Estate Planning: Wills, Financial Powers of Attorney, and Health Care Powers of Attorney Witnessed from the Comfort of Home
COVID-19 has quickly changed the way we work, socialize, and shop. Estate planning is no exception. Technology like email and video conferencing has made it easier for attorneys to provide their clients with necessary estate planning documents such as Wills, Financial Powers of Attorney, Health Care Powers of Attorney, and… Continue
The Case for Estate Planning, Under Any Circumstance
A hypothetical situation illustrates why having an estate plan in place now can save many headaches later.
CARES Act: Tax Provisions for Businesses
Many aspects of the CARES Act have been covered in prior GKH emails and website posts. This article addresses the key tax provisions of the CARES Act as they relate to businesses. Certain topics, such as the Paycheck Protection Program, are not covered here because they are limited primarily to… Continue
CARES Act: Key Provisions for Individuals
The CARES Act, which stands for Coronavirus Aid, Relief, and Economic Stability Act, was signed into law on Friday, March 27, 2020. Among other things, the law includes funding for public health, small business loans, and relief for certain large businesses in struggling industries. Some of these provisions have already… Continue
Federal Funding in Response to COVID-19: Business Update Part 4
Welcome to the fourth installment of GKH’s COVID-19 Business Update. Our previous updates focused on the Families First Coronavirus Response Act, Governor Wolf’s order mandating the closure of non-life sustaining businesses, and further details and changes regarding those new laws. Today’s update will focus on the types of loans and… Continue
Families First Act and Providers of Health and Human Services: Who Is a Health Care Provider? (UPDATE)
As we mentioned in our previous updates and articles about the Families First Coronavirus Response Act, most of the helpful exclusions, exceptions, and definitions for employers would be expanded upon in later guidance provided by the Department of Labor. Some of that guidance concerning the definition of “health care provider”… Continue