Article Posted in Business Law
Small Business Administration Coronavirus Forgivable Loan Program
Q I heard that my business can borrow money to cover two months of payroll and not pay it back. Is that true?A Yes, as long as you are a small business and spend the loan on qualifying expenses. Congress passed the Paycheck Protection Program as an amendment to Section 7(a) of the Small Business…
The “Weinstein” Tax Provision: Friend or Foe? Part II
Blink, and the law changes. In a March 2019 blog post, I talked about the Weinstein tax provision that made it into the tax code in December 2017. By way of reminder, that’s the provision designed to disincentivize confidentiality clauses in sexual-harassment settlement agreements by eliminating business expense deductions for the settlement itself, and for…
The “Weinstein” Tax Provision: Friend or Foe?
Since the Harvey Weinstein story first broke in the New York Times, it catapulted the #MeToo movement into the spotlight. The #MeToo movement also shone a light on non-disclosure, or confidentiality, agreements. These allowed serial abusers such as Harvey Weinstein to pay off their victims under the cloak of secrecy – and continue their patterns of…
