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PPP Loans: Update on Forgiveness and Deductibility

We have received questions on the tax consequences of the Paycheck Protection Program (PPP) loans that clients have taken out in connection with the coronavirus (COVID-19) crisis. Many of these loans have been subsequently forgiven. The rules are complicated but here is a summary: An

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Businesses Using Freelance Workers or Independent Contractors in Minneapolis Need Written Contract Beginning 2021

On January 1, 2021, the Minneapolis Freelance Worker Protections Ordinance went into effect. The City’s objective with the Ordinance is to prevent wage theft from freelance workers or independent contractors. The Ordinance requires businesses (including digital network-based entities) using freelance workers or independent contractors within

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COVID Relief Explanation

This has clearly been a difficult year for many of us. Financial relief got hung up in congress and has finally been approved. Whether there is additional relief approved after the change in administration is yet to be determined. Here is an overview of key

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Employer Alert: 2021 Minimum Wage Increases in Minnesota

On January 1, 2021, State wide minimum wage increases will take effect. The Cities of Minneapolis and Saint Paul also have their respective minimum wage increases effective July 1, 2021. Employers must comply with the State or City minimum wages and pay their employees accordingly.

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