19Nov
IRS Eases PPP Loan Stumbling Block in M&A Deals
The IRS’s informal FAQs provide comfort that an acquirer, including affiliated companies treated as a single employer (employer group), will not lose its past or future employee retention tax credits (ERTCs) if it acquires a target with a Paycheck Protection Program (PPP) loan outstanding on or any prior to closing (if after May 18, 2020). Going forward, private equity and strategic buyers should be relatively unconcerned by targets with outstanding PPP loans....
By:
Pillsbury Winthrop Shaw Pittman LLP
Related
As previously reported, EEOC is expected to publish tomorrow a Notice of Information Collection rega...
Read More >
Many people in the construction industry believe the force majeure clause waives the requirement for...
Read More >
Tech companies are suffering the biggest impacts of the tightening of H-1B visas by the Trump admini...
Read More >
U.S. employers wanting to hire foreign professionals should identify those eligible for H-1B sponsor...
Read More >
California’s solar mandate to deliver more than 1 GW Bullet - PV Magazine – February 13 - Cali...
Read More >
Over the last 18 months, a raft of publicity has propelled environmental, social and governance (ESG...
Read More >