23Jul
CARES Act – Will PPP Loans Impact Employee Retention Credit in M&A Transactions?
Participants in M&A transactions may lose eligibility, possibly retroactively, for the “employee retention credit” under Section 2301 of the CARES Act (Coronavirus Aid, Relief, and Economic Security Act) if a party to the transaction has previously taken out a Paycheck Protection Program (“PPP”) loan....
By:
Foley & Lardner LLP
Source Url: https://www.jdsupra.com/legalnews/cares-act-will-ppp-loans-impact-98238/
Related
Activist investor Third Point LLC and three funds that it controls have agreed to settle Federal Tra...
Read More >
As the new year approaches, California employer associations have taken action to prevent Assembly B...
Read More >
Uncertainty continues to loom over the M&A market as organizations that were actively involved in tr...
Read More >
A recent Technical Advice Memorandum (TAM) issued by the Internal Revenue Service (IRS) National Off...
Read More >
It is not unusual for businesses at risk of employee theft to implement security screenings for empl...
Read More >
In June 2019, the Illinois’ Cannabis Regulation and Tax Act (HR1438) (“Cannabis Act”) was signed ...
Read More >