Tax Law News and Insights

In early March, Connecticut took a competitive step to encourage the investment in data centers and colocation facilities, an industry that has had substantial growth in recent years throughout the nation, especially as the data needs of every business have increased during the pandemic.  Such investment can be an attractive alternative to revive...

Read More

The Paycheck Protection Program (PPP) was introduced with the CARES Act in 2020 in an effort to assist struggling businesses needing immediate access to cash during the pandemic. The Small Business Association (SBA) has interpreted the CARES Act's application based on the SBA Section 7(a) Loans program. Some businesses did...

Read More

When the IRS audits a retirement plan, it expects the plan sponsor to produce a plan document and amendments that have been signed by the relevant fiduciaries. Except under extraordinary circumstances, an unsigned plan document will not suffice. The IRS recently reiterated this position in a memorandum issued by the...

Read More