CARES Act: Tax Implications
(Updated April 10, 2020) On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) was signed into law by President Trump. Although the CARES Act was drafted to predominantly assist small businesses, specific industries, and health care professionals; several of the CARES Act provisions were tax related. Our team of […]
U.S. Restricts Export of Personal Protective Equipment (PPE)
The U.S. Department of Homeland Security has announced a Temporary Final Rule (to be published and effective April 10, 2020), dealing with “Prioritization and Allocation of Certain Scarce or Threatened Health and Medical Resources for Domestic Use.” This Rule prohibits the export of enumerated personal protective equipment (PPE), including certain respirators, surgical masks and gloves. […]