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Government & Legislation
Congress, state governments, and local municipalities are all acting quickly and issuing new orders to combat the spread of the novel coronavirus and to limit the economic fallout from those actions. From liquor buybacks to small business administration loans, KJK’s attorneys are summarizing all major government actions and their impact on businesses and individuals.
What Does a COVID-19 Vaccine Mean for Employers?
By Rob Gilmore & Kirsten Mooney As you have probably seen, the news is swarming with reports of a potential COVID-19 vaccine. While the "whens," "whos," and "what-ifs" of the vaccine are still largely unknown, one thing the majority of outlets can agree on is...
PPP Borrowers Must Justify Need for Loans Over $2 Million
By Demetrius Robinson & Kevin O'Connor PPP borrowers who received more than $2 million through the forgivable loan program may be in for a surprise request from their lender in the next few weeks. In late October, the Small Business Administration (SBA) quietly...
Business Interruption Claims: Restaurant, Hospitality & Others
By Jim Sammon, Brett Krantz & Alexis Preskar While the politicians in D.C. continue to argue over the size and timing of the next round of stimulus, American businesses are bracing for the continued onslaught of the COVID-19 pandemic and the potential changes that...
IRS Doubles Down on Taxing PPP Loans
By Demetrius Robinson & Jennifer Hart The US Treasury Department and the Internal Revenue Service (IRS) released new guidance late Wednesday related to the tax treatment of expenses paid with Paycheck Protection Program (PPP) loans. Specifically, Revenue Ruling...
Gov. DeWine Re-Issues Mask Order for Ohio Businesses
By Kirsten Mooney & Rob Gilmore Ohio Governor Mike Dewine held a special press conference Wednesday to address the recent surge in COVID-19 cases. He called on all Ohioans to recommit to their individual efforts to prevent the spread of COVID-19 as Ohio moves...
Ohio Lawmakers Consider Reducing Small Business Tax Deduction Amid Budget Shortfalls
By Stephanie Mercado Due to the COVID-19 pandemic, Ohio's estimated state budget will have a $2 billion shortfall for the current fiscal year, according to House Majority Floor Leader Bill Seitz. Seitz suggested dipping into Ohio's $2.7 billion rainy-day fund and...
Judge Rules SBA Must Release Information for All PPP Borrowers
By Demetrius Robinson A federal judge has ruled the Small Business Administration (SBA) must release detailed information for all Paycheck Protection Program (PPP) loans. This includes both the identities of loan recipients and loan amounts. The underlining case was...
Tax Policy Overview: Trump v. Biden
By Samir Dahman Tax policies are always a hot topic in presidential elections. Below, we provide side-by-side comparisons of where the presidential candidates stand on income (corporate and individual) and estate taxes. In short, President Trump’s plan seems to be to...
What Will Post-Election Stimulus Look Like?
By Scott Norcross & Paige Rabatin There’s no need for suspense; a new federal stimulus package will not be passed before the November 3rd election. That became clear once the announcement was made that the Senate will be recessed until November 9th. However, the...
DeWine Requests $5 Billion From BWC for Employers
By Rob Gilmore & Alexis Preskar Ohio Governor Mike DeWine has requested the Bureau of Worker’s Compensation send employers an additional $5 billion in dividends to mitigate losses due to the ongoing pandemic. This is the third major dividend request the Governor...
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If you have specific questions about any of the information in our articles, please reach out directly to the author or contact the Chair of the Government & Legislation Response Team, Kate Hickner.
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