The following article highlights key takeaways from the Rapid-Fire Session from the attorney-speakers themselves. Topics covered are relevant to business owners and organization leaders, including:
Richard Crow is a business and tax attorney with significant experience in a broad range of business law matters, including mergers and acquisitions, tax planning, private securities offerings, and start-up businesses. To provide business leaders with an understanding of how their tax liabilities may change, Crow provided a quick analysis of key implications of the Infrastructure Investment and Jobs Act, Build Back Better Act, and the State and Local Tax Cap (SALT).
When the Infrastructure Investment and Jobs Act was signed into law on November 15, it resulted in the early termination of the employee retention tax credit. “That tax credit was a lifeline for businesses that suffered a full or partial suspension of their operations due to a governmental order related to limitation on commerce, travel or group meetings because of Covid-19,” said Crow. Since the Infrastructure Investment and Jobs Act ended the employee retention tax credit on September 30, businesses will lose a...
Hospitals will likely spend more to protect themselves from the Centers for Medicare and Medicaid Services’ expanded powers to kick them out of government health programs, which would be ruinous f...