By: Matthew Mitchell, Joe Hunt, & Amanda Thibodeau On December 27, 2020, the Consolidated Appropriations Act of 2021 (the “CAA”) passed into law. The CAA includes long-anticipated measures in response to the COVID-19 pandemic and resulting economic crisis. The CAA supplements and extend measures enacted earlier this year, including the Coronavirus Aid, Relief, and Economic Security Act (the …
Continue reading COVID-19 Alert: Covid-19 Relief Law Decoded: What Clients Need To Know Now
By: Joe Hunt On September 15, 2020, Massachusetts announced the extension of administrative tax relief measures for certain small businesses. Sales taxes, meals taxes, and room occupancy taxes originally due to the Commonwealth from March 2020 through April 2021 are deferred until May 2021. To qualify for the deferral, Massachusetts businesses must have collected less …
By: Joe Hunt On August 8, President Trump signed an executive order, the Payroll Tax Memo, which seeks to defer the due date for the employee portion of federal payroll taxes, originally due September 1, 2020, until December 31, 2020. Under the Payroll Tax Memo, employers are allowed (but not required) to defer payment of …
By: Matthew L. Mitchell With the $350 billion fund allocated by Congress for the Paycheck Protection Program (“PPP”) exhausted, we are currently waiting to see if and when the PPP funding is extended. Amid these reports, the U.S. Treasury Department issued a second, supplemental Interim Final Rule (the “Second Rule”) that provides further guidance on …
By: Joe Hunt, Amanda Thibodeau, and Matthew Mitchell President Trump signed the CARES Act into law on March 27, 2020. With an estimated price tag in excess of $2 trillion, the CARES Act is intended to provide businesses and industries with a broad lending program designed to sustain working capital needs, provide immediate cash relief …
Morse Attorneys Matthew Mitchell, Joe Hunt, and Amanda Thibodeau shared two important updates regarding new laws that apply to private-sector employers and employees affected by Coronavirus, as well as the launch of new programs to assist small businesses struggling during the COVID-19 outbreak. The first update discusses how President Trump signed into law the Families First …
By: Joe Hunt and Amanda Thibodeau With COVID-19 causing disruption to businesses large and small, on both the federal and state levels existing programs and new programs are being launched to assist small businesses in these difficult times. We outline the current status of these programs below. Federal – Small Business Administration (“SBA”) Economic Injury …
Continue reading Client Alert – State and Federal COVID-19 Small Business Loan Programs
Tax attorney Joe Hunt will give a guest lecture about tax issues at Boston University School of Law on Tuesday, November 5. The lecture, presented to the Startup Law Clinic, is designed to address common tax issues that arise for companies and employees, particularly from the perspectives of choice of entity and equity issuances. The clinic provides …
Continue reading Joe Hunt Speaking at Boston University School of Law
By: Joseph E. Hunt Equity incentives are an important form of compensation in many types of businesses and are especially important at the start-up phase when only limited funds may be available to pay cash compensation. Entrepreneurs familiar with the corporate form of business likely have received equity incentives themselves, possibly in the form of …
Continue reading Explaining Profits Interests and Their Tax Consequences
When you are ready to buy or sell a company, it can feel like all the pieces are moving a million miles a minute. Whether you are the buyer or the seller, there are a number of considerations to keep in mind when structuring the transaction. In addition, determining the structure may be challenging as …
Continue reading Structuring Your M&A Transaction: Asset Purchase Versus Stock Purchase
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