Latest Federal Laws & Regulations
“We are drowning in information but starved for knowledge.”
— John Naisbitt
- Corporate Transparency Act
- Extension of Employee Retention Credit
- New Meals and Expense Regulations for Businesses
- PPP Loan Second Round and Updates
- Premium Assistance for Employees and Employer Requirements SBA Debt Relief
- Shuttered Venue Grants and Updates
- State Small Business Credit Initiative
- Update on Payroll Credits for Paid Sick & Family Leave
- Winter Storm Tax Extensions
RESTAURANT REVITALIZATION FUND ADDRESSED IN ARPA
Under Section 5003 of the ARPA, certain food service businesses are eligible to apply and receive a tax-free federal Restaurant
ARPA AND EMPLOYEE RETENTION CREDIT
On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (“ARPA”) extending and expanding the employee
UPDATED EIDL ADVANCE
The Targeted EIDL Advance was created under the December 2020 Consolidated Appropriations Act to provide support businesses most heavily impacted by
THE AMERICAN RESCUE PLAN ACT AND THE SSBCI
The American Rescue Plan Act (“ARPA”) reauthorized State Small Business Credit Initiative (“SSBCI”) and allocated $10 billion toward funding the program
SMALL BUSINESS ADMIN PREPARES FOR SHUTTERED VENUE OPERATORS GRANTS
The newly passed American Rescue Plan (“ARP”) revised and expanded the Shuttered Venue Operators Grants program initially passed under the
CORPORATE TRANSPARENCY ACT
To prevent the illicit use of “shell companies” concealing illegal activity or facilitating money laundering and tax evasion, Congress enacted
EMPLOYER OPTIONS DURING BAD WEATHER
Not one RLF attorney or staff member can remember a time when the entire 268,820 square miles of Texas was
UPDATES TO PPP and COVID-19 RELIEF BILL
The first round of Paycheck Protection Program (“PPP”) loans provided much needed capital to businesses struggling through the pandemic. President
UPDATES ON ECONOMIC INJURY DISASTER LOANS AND ADVANCES
The CARES Act provided targeted funding for Economic Injury Disaster Loans (commonly referred to as “EIDL Loans”) for those with
UPDATES TO COVID PAID SICK LEAVE
The Families First Coronavirus Response Act (“FFCRA”), signed into law on March 18, 2020, required employers with fewer than 500
EMPLOYEE RETENTION AND THE CAA ACT
The Consolidated Appropriations Act, 2021 signed into law on December 27, 2020 (the “CAA Act”) expanded and approved the Employee
NEW M&E EXPENSE REGULATIONS for BUSINESSES
The “three martini lunch” has reappeared, as have other recent changes to the taxability of business entertainment and food and
THE GOVERNMENT WANTS TO HELP THOSE THAT ENTERTAIN YOU
To address the entertainment venues severely impacted by COVID-19 related closures this past year, the Consolidated Appropriations Act, 2021 included