On May 6, 2020, California Governor Gavin Newsom issued Executive Order N-61-20, which provides relief from property tax penalties for taxes paid after April 10, 2020. The Order also provides that the 10% penalty and interest will not apply for failure to pay a property tax bill until May 6, 2021. […]
Monthly Archives: May 2020
Small businesses that benefit from the Paycheck Protection Program could end up having to pay a share of their loan to Uncle Sam in taxes. On April 30, the IRS issued Notice 2020-32, which states that expenses paid with the forgivable PPP loan proceeds – which would normally be deductible […]
As communities look to reopen after COVID-19 closures, the workplace will inevitably look different than it did a few short months ago. As a result, landlords and property managers are now faced with considering how their commercial spaces will need look and function in order to provide their tenants with […]
The economic fallout of the coronavirus pandemic is threatening to shake up the insurance industry like never before. Several insurance companies have already had lawsuits filed against them based on their denial of claims under business interruption policies arising out of COVID-19. The cases involving what constitutes “physical damage” are […]
The COVID-19 pandemic has impacted every workplace, shutting down many businesses and transforming the rest. Since the crisis upended daily life, landlords have had to cope with widespread business closures, a drastic reduction in day-to-day workforce occupancy and an uncertain legal landscape. Now that communities are moving toward a phased […]