Client Alerts Archives - Page 19 of 52

Client Alerts Corporate & Business Employment & LaborEmployers Have Little Incentive to Implement Social Security Tax Deferral Under New IRS Released Guidance

August 31, 2020

By Russell J. Stein On Friday August 28th the IRS issued limited guidance on the payroll tax deferral that was part of President Trump’s August 8th executive order. Under IRS Notice 2020-65 (the “Notice”), employers are not required to withhold the employee share of Social Security taxes (the “Applicable Taxes”) attributable to wages paid to...

Client Alerts Corporate & BusinessSEC Adopts Changes to Accredited Investor Definition

August 27, 2020

On August 26, 2020, Jay Clayton, Chairman of the U.S. Securities and Exchange Commission (SEC), released a Statement on Modernization of the Accredited Investor Definition. This Statement reflects the SEC’s commitment to expanding the pool of eligible accredited investors. For over thirty years, the accredited investor test for individuals has been a binary test based...

Cannabis Client AlertsA Growing Market: Smokable Hemp

August 26, 2020

The 2018 federal Farm Bill changed hemp’s status by removing it from the controlled substances list, and established that hemp was to be treated like an agricultural commodity, sold in interstate commerce to be used as a raw material to make a wide range of products. Many of those products have become familiar to consumers:...

Client Alerts Employment & LaborSolving Staffing Nightmares Created By State Travel Restrictions

August 25, 2020

By Alicia J. Samolis and Michael A. Gamboli Rhode Island and Massachusetts have joined the growing list of states that are enacting orders requiring citizens to quarantine for up to two weeks after traveling to other states. These travel restrictions often prohibit employees from even leaving their house to work. Given that many employees have...

Cannabis Client AlertsSelf-Checkout Automation Reaches Retail Marijuana

August 21, 2020

The scope of retail automation is reaching the retail marijuana business. A Massachusetts company, anna, has announced the installation of retail self-serve marijuana vending machines in Pueblo, Colorado, where customers can now buy flower, edibles and vape oils. Each machine can hold and dispense over 2000 products. More machines will be in Colorado and Massachusetts...

Client Alerts Employment & LaborFFCRA Update – One Federal Court Strikes Down Portions of the DOL’s Final Rule Implementing The FFCRA

August 11, 2020

By Alicia J. Samolis and Michael A. Gamboli A federal court in New York (“Court”) recently struck down a number of important provisions contained within the Final Rule issued by the Department of Labor (“DOL”) interpreting the Families First Coronavirus Relief Act (“FFCRA”), sending employers scrambling to understand whether the ruling has national impact and...

Client AlertsNew PPP Loan Forgiveness FAQs Released

August 6, 2020

On August 4, 2020, the U.S. Small Business Administration (“SBA”) and the Department of the Treasury released long-awaited FAQs providing guidance to both lenders and borrowers on Paycheck Protection Program (“PPP”) loan forgiveness. Section 1106 of the CARES Act, as amended by the Paycheck Protection Program Flexibility Act, together with subsequent Interim Final Rules published...

Client Alerts Environmental Land UseRI DEM Announces $3 Million In Brownfields Funding Now Available

August 3, 2020

By Christian Capizzo The Rhode Island Department of Environmental Management (DEM) announced today that $3 million is available in new funding opportunities for the cleanup and redevelopment of contaminated properties all across Rhode Island, known as brownfields. Primary funding for the grants include $2 million from the 2018 Green Economy Bond, which was passed by...

Client Alerts Commercial FinanceApplications for Restore RI Grants Will Begin on August 3, 2020

July 31, 2020

By David M. DiSegna On Monday August 3, 2020, Rhode Island Commerce will begin accepting applications for “Restore RI” grants for small businesses. The new program will provide grants of up to $15,000 to Rhode Island businesses with 1-20 employees and restaurants and caterers of any size. Additional details have recently been released on the...

Client Alerts NonprofitCreative Ways for Charitable Organizations to Sustain Long-Term Viability

July 30, 2020

The COVID-19 pandemic has impacted almost every business and nonprofit organization. Many experts have written about how nonprofits can handle fundraising during the crisis, suggesting increasing donor engagement, staying the course with capital campaigns, and increasing appeals focusing on the urgent need for current support. While some of these strategies may be very effective in...

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