Small businesses do not owe Florida excise taxes, also known as documentary stamp taxes, for loans obtained pursuant to the Paycheck Protection Program under the CARES Act. Generally, Florida loans are subject to documentary stamp taxes equal to 35 cents for every $100 (capped at $2,450 for unsecured loans). The…
Yesterday afternoon I spoke with my colleague, litigation attorney Bailey S. Lowther, about the Florida Governor’s recent stay order which provides temporary foreclosure and eviction relief due to the COVID-19 pandemic. In the short video below we discuss who it affects and how long it lasts. Williams Parker’s COVID-19 response team is continuing…
Small businesses do not owe Florida excise taxes, also known as documentary stamp taxes, for loans obtained pursuant to the Paycheck Protection Program under the CARES Act. Generally, Florida loans are subject to documentary stamp taxes equal to 35 cents for every $100 (capped at $2,450 for unsecured loans). The…
On April 8, the IRS released guidance through Revenue Procedure 2020-23 that will allow partnerships to take advantage of certain tax benefits granted by the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act. The CARES Act grants certain businesses tax relief in the way of bonus depreciation deductions and an…
Real estate partner Thomas B. Luzier and litigation attorney Bailey S. Lowther discuss the Florida Governor’s recent stay order which provides temporary foreclosure and eviction relief due to the COVID-19 pandemic. Learn who it affects and how long it lasts in the video below. Williams Parker’s COVID-19 response team is…