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Paul Zimmerman
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Read the Fine Print: Congress Imposes New Reporting Requirements Upon Certain U.S. Business Entities

Despite veto drama, the William (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 (NDAA) was enacted into law, and deep within its 1480 pages is a title—coined the Corporate Transparency Act (CTA)—that establishes new and more stringent reporting requirements. This represents but a small set of robust changes to U.S. anti-money laundering legislation that is part of the NDAA. (Read More)

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State Tax Treatment of Forgiven PPP Loans

For purposes of federal income taxation, existing federal law excludes from gross income any amounts of loans made pursuant to the Paycheck Protection Program that are forgiven. This is great news for borrowers, to be sure. But the question remains: how do the states treat forgiven PPP loans? (Read More)

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Back to Basics: Small Businesses Given Priority for PPP Loans

At the very heart of the Paycheck Protection Program, originally set forth as part of the CARES Act, was the push to help small businesses and other covered entities stay afloat and to incentivize them to keep employees on their payrolls despite coronavirus-related declines in business. The key word there is “small,” as amplified in an announcement made by President Joe Biden this week. (Read More)

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Can Your Boss Force You to Get a COVID Vaccine Shot?

With the Biden administration all-in on the inoculation of America, meaningful plans for widespread COVID-19 vaccine distribution and availability are taking shape. The Pfizer-BioNTech and Moderna offerings will surely be joined soon by Johnson & Johnson’s single dose vaccine, and FDA approval of the promising Oxford-AstraZeneca product, which may even halt the spread of the novel coronavirus, seems inevitable. (Read More)

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Round Two of the PPP Up and Running as of Today

Big news for new and certain existing borrowers interested in obtaining loans (or additional loans) under the Paycheck Protection Program: starting today (January 11), the PPP is once again open for business. But there are caveats. (Read More)

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Non-Essential Travelers Arriving in Southern California Now Subject to Mandatory Quarantines

Nationwide COVID-19 hotspot: that’s the unenviable title currently held by the County of Los Angeles. In response, L.A. is among several other Southern California counties discouraging non-essential travel by imposing a mandatory quarantine order upon certain travelers. (Read More)

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$900 Billion Coronavirus Relief Package Is Now Law

Last week, Michelman & Robinson, LLP reported on the $900 billion COVID-19-related rescue package passed by Congress. As was explained in some detail here, the legislation is designed to deliver long-awaited financial assistance to small businesses, as well as to the millions of unemployed Americans in need. By its terms, the bill will also provide, among other things, housing assistance, funds for schools and colleges, and money for COVID-19 testing and vaccines, including distribution. (Read More)

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Paycheck Protection Program: The Sequel

The Consolidated Appropriations Act, 2021, passed this week by Congress and, as of this writing, awaiting President Trump’s signature, provides $900 billion in COVID-19-related relief. That includes additional Paycheck Protection Program money—some $280 million in all that some have dubbed “PPP2.”

If and when the 5593-page bill becomes law (Trump has suggested he might veto the legislation if Americans in need do not receive larger direct relief payments), small businesses will be able to avail themselves of another round of potentially forgivable loans. This is true whether or not they previously obtained PPP proceeds. Michelman & Robinson, LLP explains. (Read More)

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Taking the Shot: Can You Require Your Employees to Get Vaccinated Against COVID-19?

As has been headline fodder for days, COVID-19 vaccines have been approved and are on the way to the general public. This is big news for employers. Over the next three or four months, many of your employees and contractors will become eligible to receive vaccinations. And this begs the question: should you—and can you—require your workforce to be vaccinated against the novel coronavirus.

Subject to the exceptions discussed below, Michelman & Robinson, LLP has taken the position that the answer to both queries is a resounding “yes.” We believe that getting vaccinated should become an essential term and condition for all employment—this given the overwhelming public health benefit and business continuity that is sure to come if and when employees nationwide are immunized against COVID-19. (Read More)

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What Employees Need to Know About the $900 Billion COVID-19 Relief Package

The $900 billion COVID pandemic relief package passed as part of the broader Consolidated Appropriations Act, 2021, includes some very important details relevant to employment and the workplace. Michelman & Robinson, LLP highlights what employers need to know. (Read More)