Still trying to buy property in 2020? Attorney Michelle Reid discusses what you can expect when you receive your property tax bill after closing. Many commercial and residential buyers are shocked when their bill jumps to match the property’s sale price rather than the valuation they saw prior to closing.
Strauss Troy is pleased to announce that 15 of our attorneys have been included in the 2021 Edition of The Best Lawyers in America. Attorney Pete A. Smith was also recognized as Lawyer of the year in Project Finance Law and Real Estate Law. Strauss Troy Co., LPA would like to congratulate the following lawyers named to The Best Lawyers in …Read More
Strauss Troy welcomes Stephen S. Schmidt, Daniel A. Hunt, Brian R. Tracy, and Ryan F. Hemmerle to the firm. Stephen S. Schmidt is a litigator and business advisor who focuses his practice in the areas of complex commercial litigation, construction litigation, employment litigation and tort law. Steve represents and advises clients across a variety of …Read More
On Friday, October 2, 2020, the U.S. Small Business Administration issued SBA Procedural Notice 5000-20057, which provides long-awaited guidance regarding pre-forgiveness restructures and ownership changes of borrowers under the Paycheck Protection Program.
On May 19, 2020, the Small Business Administration released a list of frequently asked questions for lenders and borrowers.
On May 12, 2020, the IRS released Notices 2020-29 and 2020-33 which together provided some relief from the restrictions regarding changes to health and cafeteria plan elections.
PPP loans are subject to forgiveness to the extent that a borrower uses PPP funds for payroll costs and certain mortgage interest, rent and utility obligations during the 8 week period following loan disbursement.
By: Michael L. Iannitti The SBA has continued to issue additional guidance for borrowers and lenders on the Payroll Protection Program (PPP). Since publishing its initial rules in early April, further clarification has slowly trickled out on the often vague provisions of the CARES Act. Perhaps most significantly, the SBA has clarified the circumstances in …Read More
By: Theresa L. Nelson With recent news of easing stay-at-home orders, employers that have been operating with limited employees or that were closed due to COVID-19 need to evaluate the next steps for returning employees to work and opening operations. Any return-to-work plan must comply with all federal, state and local directives to ensure a …Read More
On April 9, 2020, the IRS issued another notice which expands the relief to additional returns and tax payments.