New Executive Orders Expand Quarantine Requirements for Visitors & Affect Vacation Rentals


  • April 14, 2020
  • /   Daniel McIntosh, Nicole Cuccaro & Ferran Arimon
  • /   Coronavirus (COVID-19) Task Force,Articles,Hotels & Resorts
coronavirus quarantine expanded
On April 10, 2020, Governor DeSantis signed Executive Order 20-103, which extended the duration of the original order through April 30, 2020.

CARES Act Eases Limitation on Deducting Business Interest Expenses


  • April 14, 2020
  • /   Amanda Wilson
  • /   Articles,Coronavirus COVID-19 Task Force,Tax
calculator with notepad
The CARES Act increases the limitation on deducting interest expense from 30% to 50% of adjusted taxable income for the 2019 and 2020 tax years.

Real Estate Businesses Can Revoke 163(j) Election and Cash in on Bonus Depreciation Fix


  • April 13, 2020
  • /   Amanda Wilson
  • /   Articles,Coronavirus COVID-19 Task Force,Tax
business financial statements with laptop
One of the key tax changes in the CARES Act was fixing a technical glitch in the 2017 Tax Cuts and Jobs Act.

IRS Expands on Tax Extension Relief


  • April 13, 2020
  • /    Ferran Arimon & Amanda Wilson
  • /   Articles,Tax,Coronavirus COVID-19 Task Force,Labor & Employment Law
coronavirus tax relief
The IRS has granted further automatic extensions in newly issued Notice 2020-23.

IRS Extends Like-Kind and Qualified Opportunity Zone Deadlines


  • April 10, 2020
  • /   Amanda Wilson
  • /   Articles,Coronavirus COVID-19 Task Force,Tax
business financials keyboard
To help taxpayers, the Department of Treasury and the Internal Revenue Service extended additional key tax deadlines for individuals and businesses.

Jim O'Brien Discusses Advising Airon on Ventilator Agreement with GE Healthcare and Ford


  • April 10, 2020
  • /   
  • /   Media Coverage,Coronavirus COVID-19 Task Force,Licensing & Distribution
newspapers
Shareholder Jim O'Brien spoke to the "Orlando Business Journal" about advising Airon Corporation on the licensing agreement with GE Healthcare, with Ford to manufacture much-needed ventilators.

Partnerships Can File Amended Returns to Cash in on CARES Act Benefits


  • April 9, 2020
  • /   Amanda Wilson
  • /   Articles,Coronavirus COVID-19 Task Force,Tax
calculator with notepad
The IRS is allowing partnerships to file amended returns for 2018 or 2019 to take advantage of beneficial tax provisions in the CARES Act.

Loan Modifications in the Wake of COVID-19


  • April 9, 2020
  • /   Michael Provenzale, Michael Ryan, & Nicole Cuccaro
  • /   Articles,Coronavirus COVID-19 Task Force,Commercial Finance & Lending
man with question marks and dollar signs
Both commercial lenders and borrowers should initiate communication to discuss potential problems and to try to identify solutions.

Annual Report Filing Deadline for Florida Business Entities Extended to June 30, 2020


  • April 9, 2020
  • /   Jason Rimes
  • /   Articles,Coronavirus COVID-19 Task Force,Tax
Business Report with Calculator
The order applies to all corporations, limited liability companies, limited partnerships, and other business entities that are required to file annual reports with the Florida Division of Corporations on an annual basis.

EEOC Suspends Issuance of Right-to-Sue Letters


  • April 9, 2020
  • /    Morey Raiskin & Rachel D. Gebaide
  • /   Articles,Coronavirus COVID-19 Task Force,Labor & Employment Law
meeting at conference table
The EEOC’s announcement was in response to a request received from a coalition of over 75 civil rights advocacy groups.