As explained in our previous posts, on March 18th the Federal government and New York State each passed independent emergency legislation guaranteeing job protection and pay for New Yorkers who have been quarantined as a result of novel coronavirus, or COVID-19. Two days later, on...

Mayor Bill de Blasio announced on March 8 that the City will provide relief for small businesses across the City seeing a reduction in revenue because of COVID-19. Businesses with fewer than 100 employees who have seen sales decreases of 25% or more will be...

TAX CHANGES DUE TO THE CORONAVIRUS On Wednesday, following President Trump’s emergency declaration under the Stafford Act on March 13, 2020, the U.S. Treasury Department and IRS released official guidance to provide relief from tax deadlines to assist in economic relief efforts related to the impact of...

The “Setting Every Community Up for Retirement Enhancement” Act (THE SECURE ACT) can be considered one of the most significant changes to retirement plans in nearly a decade.  Highlights of the bill are the following: Selected Highlights of the SECURE Act: • Required Minimum Distribution Relief for...

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