COVID-19 Alert: Covid-19 Relief Law Decoded: What Clients Need To Know Now

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 …

Payroll Tax Memo: Deferring Payroll Tax Obligations in Light of the Ongoing Pandemic

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 …

COVID-19 Alert: A Plain Language Guide to the Coronavirus Aid, Relief and Economic Security (“CARES”) Act

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 …

Employment Law Alert: Congress Adopts Emergency Paid Family Medical Leave and Sick Time Standards; Client Alert: State and Federal COVID-19 Small Business Loan Programs

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 …

Client Alert – State and Federal COVID-19 Small Business Loan Programs

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 …

Joe Hunt Speaking at Boston University School of Law

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 …

Explaining Profits Interests and Their Tax Consequences

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 …

Joe Hunt Speaking on Tax Panel about Choice of Business Entity

Tax attorney Joe Hunt will speak at the 7th Annual Tax Update held by M. Robinson & Company, Tax Law Specialists, on June 13 at Bentley University. The presentation will cover Qualified Business Income Tax Deduction, Foreign-Derived Intangible Deduction, Global Intangible Low Taxed Income Deduction, Wire Transfer Audits, and the IRS crackdown on cryptocurrency. Specifically, …

Joe Hunt Speaking at BU School of Law Tax Reform Roundtable

Tax attorney Joe Hunt will participate on a panel about tax reform at Boston University School of Law on Friday, February 16. The "Tax Reform Roundtable - Corporations" is being hosted by the Graduate Tax Program and is designed to address the effects of tax reform in different areas. This panel will focus on the …

Summary of Significant Changes under the Tax Cuts and Jobs Act of 2017

On December 22, 2017, President Trump signed into law a sweeping tax reform bill known as the Tax Cuts and Jobs Act of 2017 (“TCJA”) that introduced significant changes for individuals, corporations, and pass-through entities. In his article Summary of Significant Changes under the Tax Cuts and Jobs Act of 2017, tax attorney Joe Hunt summarizes …