Managing Automotive Blog

The IRS has granted a six-month extension to file applications for a tentative carryback adjustment under the “quickie” refund procedure for net operating losses that arose in tax years that began in calendar year 2018 and that ended on or before June 30, 2019. As a result, affected taxpayers have u

On April 10, the Internal Revenue Service published responses to frequently asked questions with respect to the payroll tax deferral provisions of the CARES Act.

The notice also suspends associated interest, additions to tax, and penalties for late filing or late payment until July 15, 2020.

Yesterday, the Equal Employment Opportunity Commission updated and expanded its March 17th and 18th guidances on legal issues related to the COVID-19 pandemic.  

Below is a summary of the Main Street New Loan Facility and the Main Street Expanded Loan Facility, details of which were released by the Federal Reserve this morning. Arent Fox will continue to update, and expand on, this summary as more information becomes available.

In today’s episode, we talked with Barbara Wahl about “Force Majeure” and possible defenses that may be available to avoid performance under a contract due to Coronavirus and the Government Orders related to the pandemic.

The CARES Act authorized the Secretary of the Treasury to make up to $500 billion in loans, loan guarantees, and other investments for eligible businesses, States, and municipalities.

The SBA has released additional guidance regarding the application of certain affiliate rules applicable to the PPP.

The following chart has been compiled to provide New York employers with guidance as they weigh decisions about whether to approve an employee’s leave request(s) based on different common factual scenarios that may arise.

On April 6 the Small Business Administration (SBA), after consulting with the Department of Treasury, published a set of Frequently Asked Questions relating to the Paycheck Protection Program.

In the true spirit of Arent Fox, we are working to be Smart in Your World as many of us are doing the best we can to stay safe in our own communities (i.e., social distancing).

On April 3, the Small Business Administration issued two additional rule updates affecting the Paycheck Protection Program.

We previously reported on Governor Gavin Newsom’s executive order which put in place mandatory stay-at-home restrictions except for workers in “essential businesses” as part of an effort to help contain the spread of the novel coronavirus.

On April 2, the Small Business Administration published an Interim Final Rule intended to amend certain existing regulations in order to assist lenders and borrowers in advance of the April 3 opening submission opportunity for the newly established Paycheck Protection Program.

Under the Families First Coronavirus Response Act (FFCRA) employers with 499 or fewer employees are responsible for providing employees with paid sick leave and paid expanded family and medical leave under certain circumstances related to the novel coronavirus (COVID-19).  

Today is the first day to submit applications for a Small Business Administration loan under the new Paycheck Protection Program (PPP), one of the key components of the Coronavirus Aid, Relief, and. Economic Security (CARES) Act.

With businesses facing reduced hours or closures because of the COVID-19 pandemic, business interruption coverage is top of mind. In today’s episode, we talked to James Westerlind about the types of coverage and policy exclusions that can impact your ability to make a claim.

The U.S. Department of the Treasury and the Internal Revenue Service have published more information on refundable tax credits that reimburse small and mid-size employers, on a dollar-for-dollar basis, for the cost of providing their employees paid sick and family leave related to COVID-19.

Dealers’ service and parts departments have been deemed “essential.” Sales operations are not so clear. With scaled-down to zero onsite sales operations, ramping up online sales efforts is critical.

As recently reported by our COVID-19 Task Force, Maryland Governor Larry Hogan issued an amended Executive Order on Monday requiring all Maryland residents to stay at home starting at 8 p.m. on March 30, 2020.

A number of state legislators in New York, New Jersey, Ohio, and Massachusetts have proposed bills which would require insurers on some business interruption policies—those covering businesses with less than a specified number of employees—to retroactively cover and pay claims even though the policy

The CARES Act includes two new federal financing programs for businesses and nonprofits of all sizes. What should companies know about these programs? We talked with Aaron Jacoby and Dan Renberg about how and when companies can start applying for new loans.

To address COVID-19’s rapid spread in Washington, DC and across the region and the nation, Mayor Muriel Bowser has issued a stay-at-home order for the District of Columbia. The Order, which goes into effect on April 1, 2020 at 12:01 a.m., parallels orders that Maryland and Virginia issued yesterday.

On March 19, 2020, Governor Tom Wolf signed an executive order requiring all non-life-sustaining business in Pennsylvania to close their physical locations as of 8 PM to slow the spread of COVID-19 (ORder of the Governor of the Commonwealth of Pennsylvania Regarding the Closure of All Businesses

Below is a summary of the Mid-Size Business Loan Program, which is included in the Coronavirus Economic Stabilization Act of 2020.