Client Alerts
PPP Loans and Taxes
The CARES Act provided that PPP loan funds that are forgiven will not be included in gross income for tax purposes (contrary to the general tax rule that forgiveness of...
Small Business Relief Program: Massachusetts Relief Available for Small Businesses Including Restaurants and Bars
Governor Baker has targeted small businesses in Massachusetts since October 2020 with the Massachusetts Growth Capital Corporation’s initial funding, but previous stimulus money and budget allocations were insufficient to keep...
Client Alert: Court Orders Owner to Pay its Contractor Over $4.6 Million for Violations of the Massachusetts Prompt Pay Act
In a case of first impression in Massachusetts, Suffolk Superior Court Judge Michael D. Ricciuti has ordered a real estate developer to pay its general contractor $4,600,109.24 within 45 days...
Limited Time for Boston Businesses to Apply for $6 Million in Grants
Mayor Marty Walsh has announced three new funds to distribute $6 million of federal aid to small Boston businesses, but the deadline to apply is one week away. This welcomed aid...
If You’re a Small Boston Business, Don’t Forget the Reopen Boston Fund
If you’re a small business that must physically engage closely with the public through a direct service and have 25 or fewer employees with a brick and mortar space in...
Governor Baker Extends the MA Eviction Moratorium For 60 Days
Today, Governor Charlie Baker extended the pause on evictions and foreclosures for 60 days, until October 17, 2020, through the authority granted to him by Chapter 65 of the Acts...
MA Courts Will Soon Reopen for Business… In Phases of Course
As Massachusetts begins its slow recovery, courthouses will physically reopen to the public on July 13, 2020, for specific expanded purposes. The first phase of additional in-person proceedings will include...
Five Significant Changes Brought on by the PPPFA That Affect How Small Businesses Can Utilize PPP Funds
On June 5, 2020, the President signed into law the Paycheck Protection Flexibility Act (PPPFA) of 2020 (H.R. 7010), a bill that extends certain aspects of the Paycheck Protection Program. There...