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COVID-19 Legislation Update – TIME SENSITIVE UPDATE BASED ON PRESIDENTIAL ACTION

 By: Attorney Joseph A. Camilli The following is an unplanned interruption to Neider & Boucher, S.C.’s multi-part overview of some of the broadly tailored programs to assist businesses and individuals affected by the COVID-19 crisis. NEW PRIORITIZATION WINDOW – WEDNESDAY, FEBRUARY 24, 2021 On Monday, February 22, President Biden announced that he has instructed the […]

[UPDATED FEB. 16, 2021] COVID-19 Legislation Update – Part 3 of a Multi-Part Legislative Update Wisconsin Treatment of PPP Loans

By Attorney Joseph A. Camilli This third installment of  our multi-part overview will discuss the current State of Wisconsin taxation of PPP loans, both with respect to the deductibility of expenses paid with PPP proceeds and the income tax treatment of the PPP funds themselves.  As always, please keep in mind that the details of […]

COVID-19 Legislation Update – Part 2 of a Multi-Part Legislative Update PPP 2.0 Loans

By: Attorney Joseph A. Camilli This second installment of our multi-part overview will discuss the new PPP loans available for 2021 both for first-time applicants and for those who received 2020 PPP loans.  As always, please keep in mind that the details of any of the programs discussed require close analysis with your accountants, bankers, […]

COVID II Bill PPP and other related key business provisions

December 29, 2020 Authored by Joseph W. Boucher President Trump signed this bill Sunday December 27. The article by the Journal of Accountancy is an excellent summary. https://www.journalofaccountancy.com/news/2020/dec/covid-19-relief-bill-addresses-key-ppp-issues.html Some Key highlights: The PPP program has more funding.  Expands which businesses qualify to include other tax exempts such as destination marketing organizations.   For business not […]

Brewing Tax Battle: Deductibility of Business Expenses Financed by Paycheck Protection Program Loans

Author:  Attorney Daniel Glinert An ongoing tax controversy has left unanswered questions in the minds of U.S. business owners. The stakes are incredibly high. As of June 30, 2020, the federal government’s Paycheck Protection Program (PPP) has allowed over 521 billion dollars of PPP loans to be issued to over 4.8 million businesses. The federal […]

WISCONSIN ISSUES MASK MANDATE

Authored by Attorney John Rather Starting Saturday August 1st, all Wisconsin residents will be required to wear a mask or other face covering while indoors outside their home. On Thursday July 30th, Wisconsin Governor Tony Evers issued Executive Order # 82, which re-declared a public health emergency, and Emergency Order #1, which requires all individuals […]

Coronavirus-Related Financial Resources:    Main Street Lending Program

By Joseph A. Camilli The Coronavirus (“COVID-19”) pandemic has generated numerous federal, state, and local efforts to get financial resources into the hands of businesses and individuals in order to stave off financial ruin.  On July 6, 2020, the federal government, through the Treasury Department, implemented the Main Street Lending Program (the “MSLP”). The MSLP […]