On August 8, 2020, the Small Business Administration (“SBA”) announced it was no longer accepting loan applications for the Paycheck Protection Program (“PPP”), despite the large amount of funding still available. The SBA also released the following guidance in the month of August: FAQ #50. On August 11, the […]
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IRS Issues Guidance on Payroll Tax Deferrals, but Questions Remain — UPDATED
Article updated 9/1/2020 Following recent comments made by Secretary of Treasury Steven Mnuchin regarding the permissive nature of the IRS’s published guidance relating to deferral of certain payroll taxes, the following article has been updated to clarify that the deferral of payroll taxes by employers is not mandatory under the […]
What’s the knock on TikTok? And why the spat with WeChat?
The federal government recently threatened to ban several apps with ties to the Chinese government, and the State of Nebraska recently banned TikTok from all state devices such as phone, tablets, or computers. So what is the knock on TikTok? The TikTok application allows users to lip-sync with a song, […]
California Bill Proposes to Strengthen Consumer Protections; Create CFPB Like State Agency
The most recent version of California’s Budget Trailer proposal bill – a bill that follows a state’s annual budget for the purpose of amending policies to achieve the approved budget – included some notable potential changes for financial service providers in the state. Among other things, the Budget Trailer would […]
Supreme Court Rules on Willfulness and the Lanham Act
The Supreme Court decision in Romag Fasteners, Inc. v. Fossil, Inc., 140 S. Ct. 1492 (U.S., 2020) has been a decade in the making, arising out of a trademark infringement dispute between a popular international fashion accessory manufacturer (Fossil) and a Connecticut based family-owned business (Romag Fasteners). Fossil and Romag […]

