On January 28, 2021, Laura E. Krebs Al-Shathir, Capes Sokol shareholder, will present to many of the country’s leading tax attorneys and government officials at the Virtual 2021 American Bar Association Midyear Tax Meeting. Her session entitled, “Back to Basics: Introduction to S Corporations,” is…
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On December 21, 2020, Congress passed the much anticipated COVID-19 relief legislation (Consolidated Appropriations Act, 2021 (“CAA, 2021”), sending the bill to President Donald Trump to sign. In CAA 2021, Congress delivered clarity to PPP loan borrowers in confirming that business expenses paid with the…
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On December 21, 2020, Congress passed the much anticipated COVID-19 relief legislation (Consolidated Appropriations Act, 2021 (“CAA, 2021”), sending the bill to President Donald Trump to sign. This relief bill provides for stimulus checks to be mailed to many Americans, a second round of Paycheck…
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Capes Sokol is pleased to announce that Laura E. Krebs Al-Shathir and Sanford J. Boxerman, shareholders, have been elected Fellows of the American Bar Foundation (ABF). The ABF limits membership to just one percent of lawyers licensed to practice in each jurisdiction. Members are nominated by…
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Twenty attorneys at Capes Sokol, representing every practice area of the firm, have been selected for inclusion in The Best Lawyers in America © 2021 edition. Lisa M. Adams, Sanford J. Boxerman, David V. Capes, Jeffrey A. Cohen, Drey A. Cooley, Kelley F. Farrell, Amy…
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For any employer that expected PPP loan proceeds to be “free money,” the IRS has essentially said – not so fast. In guidance issued on May 1, 2020, the IRS clarified that to the extent that an employer makes payments of expenses that result in…
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The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act includes two very important payroll tax provisions: an Employer Payroll Tax Delay and an Employee Retention Payroll Tax Credit. Employer Payroll Tax Deferral What it is: For the remainder of the year, employers may elect to…
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