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May 4, 2020 | IRS Clarifies That Expenses Resulting in Paycheck Protection Program Loan Forgiveness Are Not Deductible

On April 30, 2020 the IRS issued Notice 2020-32 which clarifies that no deduction is allowed under the Internal Revenue Code (“Code”), for an expense that is otherwise deductible if the payment of the expense results in covered loan forgiveness under...

Apr 21, 2020 | Federal Government Temporarily Postpones Certain Import Duties, Taxes, and Fees

U.S. Customs and Border Protection (CBP) regulations were modified April 19, 2020 to temporarily postpone the deadline for importers of record who have suffered “significant financial hardship” to deposit estimated duties, taxes, and fees the importe...

Mar 26, 2020 | U.S. Senate Passes SBA Economic Relief Bill

Early this morning, the United States Senate unanimously approved Senate Bill 3548 allowing the expansion of the SBA 7(a) loan program to provide economic relief to small businesses through the new Paycheck Protection Program. The bill will need t...

Mar 23, 2020 | 300 Billion SBA Loan Program Expansion Considered by Congress

A second SBA loan relief program is currently being considered by Congress. The United States Senate is attempting to finalize the Keeping Workers Paid and Employed Act (“KWPEA”) which is Division A of the Coronavirus Aid, Relief, and Economic Securi...

Mar 18, 2020 | SBA Relaxes Rules for States Seeking Economic Injury Declaration Related to COVID-19

On March 17, 2020, the United States Small Business Administration (“SBA”) relaxed its rules for states or territories seeking an economic injury declaration related to coronavirus (COVID-19). These changes will expedite the ability of small business...

Mar 16, 2020 | Relief Available for Businesses to Ease Burden Caused by COVID-19

Over the weekend, on Sunday, March 15, 2020, Ohio Governor Mike DeWine issued an executive order closing restaurants and bars in Ohio. Further, similar measures are expected throughout the United States as all levels of government determine appropria...

October 2019 | Roetzel HealthLaw HotSpot: Optimizing Your Practice for Sale

Roetzel HealthLaw HotSpot™ is a podcast for physicians and health professionals that covers the legal issues and trends that affect the health care industry. In Episode 4, John Waters discusses the ins and outs of preparing your medical practice for...

Jun 27, 2019 | Congressional Vote to Ensure Protections for State Cannabis Programs

The U.S. House of Representatives voted to approve an amendment to the Fiscal Year 2020 Commerce-Justice-Science spending bill that protects legal cannabis programs in all states, Washington D.C. and U.S. territories, from interference by the U.S. De...

Jun 21, 2019 | Illinois Set to Legalize Recreational Marijuana

Illinois will soon become the eleventh state to legalize recreational marijuana. The Illinois Legislature passed the Cannabis Regulation and Tax Act (HB 1438), which allows the legal possession and sale of recreational marijuana beginning January 1,...

Jun 7, 2019 | FDA Holds First-Ever Public Hearing on CBD

The Food and Drug Administration (“FDA”) held its first-ever public hearing on cannabidiol (“CBD”) on Friday, May 31, 2019 with over one hundred (100) speakers and ten (10) hours of testimony. The purpose of the hearing was to obtain scientific data...

Jun 6, 2019 | Federal Agency Changes on the Horizon for Hemp and Hemp-Derived Products - Including CBD

Two recent announcements from the federal government may indicate a loosening of restrictions regarding hemp and hemp-derived products. First, the Transportation Security Administration (“TSA”) recently announced that it will allow people to fly with...

May 24, 2019 | One Week Away: Upcoming FDA Hearing on Cannabis Products

Anyone involved in the Cannabis or related industries should pay close attention to an upcoming Food and Drug Administration (“FDA”) hearing which is scheduled to obtain scientific data and information about the safety, manufacturing, product quality...

Jan 15, 2019 | Stepping Into Mom and Dad’s Shoes

Succession planning for family-owned companies

Jun 27, 2018 | Supreme Court Rules That States can Require Out-of-State Retailers to Collect Sales Tax Even if They Have no Physical Presence in the Taxing State

Since 1992, out-of-state retailers have relied on Quill Corp. v. North Dakota, 504 U. S. 298 (1992) (“Quill”) for the rule that a state could not constitutionally require a retailer to collect sales tax on sales to customers in the state if the retai...

Jan 19, 2018 | Harvey Weinstein, Tax Reform, and Nondisclosures - Oh My!

There is no doubt that the movement known as #MeToo has brought workplace sexual harassment to the forefront of conversation and is both a top priority and concern for all employers. One of the many names associated with this movement is Harvey Weins...

Jan 5, 2018 | Federal Government to Crack Down on States' Legal Marijuana Businesses

The federal government has changed its view about legal marijuana businesses in the States. During President Obama’s terms in office, three memorandums were issued by the Department of Justice (DOJ) stating that the federal government would not stand...

2018 | Business Partnerships 2018 Edition

2018 | Business Partnerships 2018 Edition

Dec 21, 2017 | Evaluating Privacy and Data Security Needs to be Part of Your Due Diligence Process

Given today’s regulatory and commercial environment, when considering a potential acquisition, priority should be given to evaluating the target’s privacy policies and data security measures. Information technology assets and data are integral compon...

Nov 3, 2017 | Potential New Tax Changes: The Tax Cuts and Jobs Act

The new tax bill, The Tax Cuts and Jobs Act (“Bill”), is estimated to add $1.5 trillion to the national debt over the next 10 years. The House Ways and Means Committee begins reviewing the Bill on Monday, November 6, 2017. President Trump has urged C...

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