Business
The unemployment bill formerly known as S.10 – Business owners had their most challenging year in memory. Many hoped that the legislature, knowing this, would have sought to offset their challenges. Unfortunately leveling unemployment tax rates was considered by some to be too much help.
One of the most contentious negotiations of the session centered on the formula that determines the Unemployment Insurance Trust Fund balance. Recent years unemployment rates are entered into the calculation, and many experts felt that 2020 was an anomaly and should be removed from the formula given the pandemic. Without 2020 in the equation, the balance required would be $600 million, and with 2020 it would be $1 billion (by all accounts too much).
In an effort to show taxpayers where their money went, the Times-News will spend the next few weeks sharing data about PPP loans. Here s a snapshot of where that money went in Alamance County.
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Greenberg Traurig LLP issued the following announcement on May 11.
The White Collar Defense & Special Investigation Practice of global law firm Greenberg Traurig, LLP continued its strategic expansion with the addition in Houston of Vernon Lewis as a shareholder. Vernon served in the United States Attorney’s Office, Southern District of Texas, for 21 years. As former Deputy Chief of the Fraud Section, he supervised 20 federal fraud prosecutors in complex federal fraud crimes, including matters related to coronavirus fraud.
“As the reach of the U.S. agencies investigating companies expands into new jurisdictions, clients are more often in need of a trusted advisor who can work with them on the legal aspects of these changes. Vernon has the experience and reputation that make him a valuable addition to the team here in Houston and beyond, given the global nature of business today,” said Kent Newsome and Shari L. Heyen, co-managing shareholders of the law firm’s H
The Paycheck Protection Loan program created by the CARES Act thrust the U.S. Small Business Administration's complicated size standards into the spotlight for many companies that .
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The Paycheck Protection Loan program created by the CARES Act thrust the U.S. Small Business Administration’s complicated size standards into the spotlight for many companies that never before waded into those muddy waters. None of SBA’s rules frustrated businesses that otherwise thought they were “small” more than the rule of “affiliation”, which requires concerns, when determining size, to include the size of other entities under common control. A recent decision by the U.S. Court of Federal Claims is a timely reminder that the concept of “affiliation”, in the context of federal procurement, extends beyond just those companies under common ownership and entities that actively direct the operations of another concern.