On April 24, the “Paycheck Protection Program and Health Care Enhancement Act” was signed into law. Referred to as “CARES 2”, the Act provides a second round of federal stimulus funding that appropriates $320 billion to the Paycheck Protection Program (PPP), $50 billion for the Economic Injury Disaster Loan (EIDL) Program, and an additional $10 […]
I cannot tell you how often someone presents themselves to our office following a contract dispute that involves a family member or friend on the other side. So often when you need a service of some sort or another you turn to family or friends. This, of course, makes sense but when we do that […]
Tom Wells is pleased to announce that WJL’s client, American Civix Technologies, L3C is quickly achieving its crowdfunding goal for Project Engage. Project Engage is seeking funding to develop apps to engage citizens on a variety of issues and topic affecting them directly. It will give citizens direct contact with their various representatives. More information […]
With many individuals and businesses experiencing various degrees of loss due to the recent hurricane, from minor interruptions to total devastation, the IRS and New Jersey Division of Taxation are providing relief in the form of filing deadlines. For example, the IRS has postponed many filing and payment deadlines until February 1, 2013. More details […]
Parties in New Jersey are permitted to charge relatively high rates of interest in many transactions. In the state, there are two separate types of usury, civil and criminal. The levels of interest rates constituting civil and criminal usury, and the exceptions thereto, are governed by separate statutes. Civil usury rates in New Jersey are […]
On Friday, Gov. Christie signed into law two bills that our clients, family and friends may find important. The first is the Permit Extension Act. Andrew Kohut, Esq. had previously blogged when the bill was pending. More information can be found here: http://wjllaw.wordpress.com/2012/07/23/possible-further-extension-of-the-permit-extension-act-2/. The second is the Revised Uniform Limited Liability Company Law (RULLC). More […]
Are you looking to start-up a business and seeking loans from friends and family? Be forewarned that this simple transaction can have significant consequences. Were you aware that such a loan could be considered a security and subject to federal and state security laws? If you have friends and family members lending you money and […]
Recently, New Jersey became the third state to enact legislation authorizing the creation of “Benefit Corporations.” A Benefit Corporation is “for profit,” but at the same time it promotes performance accountability and transparency, and is designed to achieve a “public benefit.” Vermont and Virginia have also enacted similar legislation, and many other states are considering […]
Non–Profit Tax Exempts Must File! Under the Pension Protection Act of 2006, beginning in 2007 all non-profits qualified under Federal Law 501(c)(3), must file some type of 990 Return annually. Formerly, non-profit tax exempts with annual receipts of less than $25,000 did not need to file. This reminder is important now, because three (3) years […]
Medicare Part D – 2009 Notification It’s that time of year of again where employers must notify their employees whether or not the group prescription plan offered under the employer’s group health plan is equal to or better than that provided by Medicare Part D. If the employer’s prescription plan is equal to or better […]