The United States Patent and Trademark Office (Office or USPTO) is setting or adjusting certain trademark fees, as authorized by the Leahy-Smith America Invents Act (AIA), as amended by the Study of Underrepresented Classes Chasing Engineering and Science Success Act of 2018 (SUCCESS Act). The changes will allow the USPTO to continue to recover the [...]
Coronavirus-related paid leave for workers and tax credits for small and midsize businesses The US Treasury Department, IRS and Department of Labor issued a joint announcement that small and midsize employers can take advantage of two new refundable payroll tax credits designed to immediately and fully reimburse them, dollar for dollar, for the cost of [...]
Keeping American Workers Paid and Employed Act The Keeping American Workers Paid and Employed Act is Division A of the Coronavirus Aid, Relief, and Economic Security Act (CARES ACT). The CARES Act is 880 pages long, consisting of several different Divisions and Titles: A. Division A—Keeping Workers Paid and Employed, Health Care System Enhancements, and [...]
The Charleston Emergency Stay At Home Ordinance is cited below in full. If you or your business needs any assistance during this outbreak, please contact our law office. Emergency Ordinance On Stay At Home Section 1. Findings. City Council does hereby make the following findings: WHEREAS, in December 2019, an outbreak of respiratory illness due [...]
SBA’s Disaster Declaration Makes Loans Available Due to the Coronavirus (COVID-19) The U.S. Small Business Administration (SBA) is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Upon a request received from a state’s or territory’s Governor, [...]
We hope that you and your family are safe and healthy. As economic losses continue from the coronavirus pandemic, South Carolina and the federal government have made important changes aimed at providing some financial relief. Here is a summary of what we know so far: Income Taxes The deadline to file federal income tax returns [...]
On March 18, 2020, the Senate passed the Families First Coronavirus Response Act, which President Trump signed last night and will become effective April 2, 2020. The below is a general summary and is not intended to be entirely comprehensive. The following is a brief overview of the Act: Expanded Family Medical Leave Act (FMLA) [...]
IRS extends tax filing deadline to July 15 as coronavirus spreads, Mnuchin says More relief for individuals and small businesses. Key Points - The Internal Revenue Services moved the national income tax filing day ahead to July 15, three months after the normal deadline for Americans to send in their returns. Treasury Secretary Steven Mnuchin [...]
From restaurants local stores to trucking companies and other transportation businesses, companies across the country have felt a serious financial squeeze due to Coronavirus. If your business has been hurt as a result, there may be a promising option through the United States Small Business Administration (“SBA”). On March 4, 2020, Congress allocated $8.3 billion [...]
A number of end-of-year tax planning strategies are available to business owners that can be used to reduce their tax liability. Here are a few of them: Deferring Income Businesses using the cash method of accounting can defer income into 2020 by delaying end-of-year invoices, so payment is not received until 2020. Businesses using the [...]
