Archive

More Changes to The Paycheck Protection Program: The Paycheck Protection Program Flexibility Act of 2020

By Brian Bernhardt On March 27, 2020, the CARES Act became law.  As part of the CARES Act, Congress created the Paycheck Protection Program (the “PPP”) to provide, after an amendment increasing the amount… Read More

Loan Forgiveness Under the Paycheck Protection Program Updated to Include the Final Interim Rule (Current Through May 22, 2020)

By Brian Bernhardt As part of the CARES Act signed into law on March 27, 2020, Congress enacted the Paycheck Protection Program (the “PPP”). The PPP is… Read More

Loan Forgiveness Under the Paycheck Protection Program

By Brian Bernhardt As part of the CARES Act signed into law on March 27, 2020, Congress enacted the Paycheck Protection Program (the “PPP”).  The PPP is designed to, in general,… Read More

What Congress Giveth, the IRS Taketh Away: PPP Loan Forgiveness and Disappearing Business Deductions

By Brian Bernhardt As part of the CARES Act signed into law on March 27, 2020, Congress enacted the Paycheck Protection Program (the “PPP”).  The PPP is designed to, in general,… Read More

So You Received Your PPP Loan: Awesome, Wow! What Comes Next? Do You Have a Clue What Happens Now? (with apologies to Lin-Manuel Miranda)

By Brian Bernhardt, John Burns, and Lyle Gravatt $349 billion later or, perhaps, depending on when you are reading this blog article, $659 billion later, the Small Business Administration (the “SBA”) has disbursed all of… Read More

The IRS is Sending out Letters About Cryptocurrencies. What Should I Do if I Get One?

By Brian Bernhardt and Adam Goldblatt Last month, the IRS began sending letters to taxpayers with cryptocurrency transactions who did not properly report a transaction or entirely failed to report the… Read More

10 Easy Steps to Protect Your Business When Extending Credit

As a business lawyer, I am often asked how businesses can best ensure that their customers pay outstanding bills in a timely manner.  For all but the largest businesses, this is more than a… Read More

Forrest Firm Nonprofit Series: A Quick Guide to Nonprofit Governance in North Carolina

By Virginia Pleasants and Brian Bernhardt At the Forrest Firm, we often work with faith-based organizations, certified B Corporations, and mission-driven businesses. The largest segment of these types of businesses are those… Read More

Forrest Firm Nonprofit Series: A Quick Guide to Nonprofit Compliance in North Carolina

By Virginia Pleasants and Brian Bernhardt At the Forrest Firm, we often work with faith-based organizations, certified B Corporations, and mission-driven businesses. The largest segment of these types of businesses are those… Read More

Mind the New Rules Governing Partnership Audits

In coming months, partnerships (and limited liability companies taxed as partnerships) will begin filing tax returns which are, for the first time, subject to the new partnership audit rules Congress established in 2015.  These… Read More