After operating remotely for the past year, local law firms are contemplating when attorneys and staff will return to working in the office. PS&H managing partner, Howard Merten, was asked to give his thoughts on the subject for a recent Rhode Island Lawyers Weekly article titled, “With Vaccinations Rolling Out, Law Firms Eyeing Office Return”. Firm leaders...
Client AlertsPresident Biden’s Proposed Infrastructure Plan Includes Business Tax Provisions to Incentivize Infrastructure Investments and Fund the Plan
April 1, 2021
By Russell Stein On Wednesday, March 31st, President Biden released a summary of his administration’s proposed The American Jobs Plan (the “TAJP”). TAJP is a $2 trillion proposal focusing on public domestic infrastructure investments. To help incentivize infrastructure investments and fund the proposals, the TAJP summary includes the following tax related provisions: Increasing the corporate...
Client AlertsEmployment & LaborEmployers Should Brace Themselves for the ARPA’s Burdensome Paid COBRA Mandate
March 29, 2021
By Alicia J. Samolis and Michael A. Gamboli On March 11, 2021, President Biden signed into law a $1.9 trillion stimulus bill, the American Rescue Plan Act of 2021 (ARPA). The reach of the ARPA extends far and wide, including to healthcare coverage available to employees and their families following separation of employment under certain...
By Alicia J. Samolis and Michael A. Gamboli As most employers know, the Families First Coronavirus Response Act (FFCRA) went into effect in April of 2020 and required employers with less than 500 employees to provide certain forms of paid COVID-related leave to eligible employees. Specifically, the FFCRA provided for 80 hours of emergency paid...
A renewed effort to give the cannabis industry safe access to financial institutions and services returned to Washington last week, as the Secure and Fair Enforcement (SAFE) Banking Act was reintroduced in the U.S. House of Representatives. The bill would protect banks offering services to state-legal cannabis operations and ancillary businesses. The SAFE Banking Act...
Client AlertsAmerican Rescue Plan Expands Employee Retention Credits and Provides Relief for Restaurants
March 15, 2021
By Russell Stein and David DiSegna On Thursday March 11th President Biden signed into law the American Rescue Plan Act of 2021 (“ARPA”). The law contains provisions to help businesses and individuals recover from economic hardships due to Covid-19. This Client Alert provides a brief overview of the changes to the Employee Retention Credit and introduces the...
CannabisClient AlertsHope is Fading for Legalization of Adult Use Marijuana in Rhode Island in 2021
March 14, 2021
A few weeks ago, we wrote that “political support for legalizing recreational cannabis in Rhode Island may finally be reaching a critical mass.” It seems our prediction was premature and it is becoming more likely that the General Assembly may not pass a bill before the close of its legislative session around the end of...
In the past few months, sales of Delta-8 tetrahydrocannabinol, also known as “Delta-8 THC” or “weed light,” have grown tremendously. So, it’s popular. But is it legal? At the federal level, the answer is hazy. And in Rhode Island, Delta-8 THC is still illegal. What exactly is Delta-8 THC? Delta-8 THC is a psychoactive cannabinoid...
CannabisClient AlertsTax Court Confirms That Cannabis Businesses Cannot Take Advantage of Certain Tax Breaks Other Businesses Use
February 19, 2021
One of the most frustrating issues facing the US’s burgeoning cannabis industry has been the inequitable tax treatment that cannabis businesses face as compared to other industries. The IRS’s guidance for one section of the tax code – Section 280E – has particularly frustrated the cannabis industry. Section 280E generally bars businesses “trafficking” in controlled...
Client AlertsLitigation & DisputesThe Supreme Court Teaches A Lesson In Passive Non-Aggression: City of Chicago v. Fulton
February 16, 2021
By Daniel E. Burgoyne, Christian R. Jenner or Christopher M. Wildenhain In a recent decision, the U.S. Supreme Court gave a narrow win to creditors in a dispute over the proper interpretation of the automatic stay provisions in the Bankruptcy Code, ruling that creditors may passively retain a debtor’s property after the debtor files for bankruptcy. The decision...
