The Exclusion for Qualified Small Business Stock is in Play

By Krysten Hambrook

On September 13, 2021, the House Ways and Means Committee released 881 pages of legislative text laying out its budget reconciliation proposals. It also issued an 18-page section-by-section summary of the proposals. These proposals will be marked up in committee and are not set in stone, but if enacted in their present form they would…

President Biden and the SBA Announce Significant Changes to EIDL Program

By Krysten Hambrook

Share On September 8, 2021, President Biden announced the expansion of the Small Business Administration’s (“SBA”) Economic Injury Disaster Loan (“EIDL”) under COVID-19. This announcement was followed by an Interim Final Rule (“IFR”) memorializing the changes to the program which has provided low-interest loans to businesses negatively impacted by COVID-19 since March 2020. This update…

SBA Supplements EIDL Advance Program – $15,000 Total Grant Funding Available to Certain Businesses

By Krysten Hambrook

Share The SBA has established a Supplemental Targeted Advance Program under the COVID-19 Economic Injury Disaster Loan (EIDL), enabling certain businesses to receive an additional $5,000 grant which does not need to be repaid. These funds are in addition to the Targeted Advance program grant of $10,000 (discussed in further detail here), bringing the total…

Tax Proposals Released by House Ways and Means Committee

By Krysten Hambrook

Share The House Ways and Means Committee released legislative text of its budget reconciliation proposals on September 13, 2021. It also issued a press release and section-by-section summary of the proposals. These proposals will be marked up in committee on Tuesday, September 14, and Wednesday, September 15, and should not be taken as gospel at…

El Salvador Recognizes Bitcoin as a Legal Currency

By Krysten Hambrook

Share Effective September 7, 2021, El Salvador has become the first country to officially adopt Bitcoin as a legal currency. The “Bitcoin Law” was announced in June 2021 and was subsequently approved by the El Salvadoran Congress with 62 out of a possible 84 lawmakers voting in favor of this new law. El Salvador’s President…

Tax Increase Proposals are Starting to Gel

By Krysten Hambrook

There has been a lot of talk about what the tax increases in the “human infrastructure” bill will look like. There are President Biden’s campaign proposals, proposals from the progressive wing of the Democratic party, and the moderate’s proposals. Then, individual Senators and Congress people have weighed in on what they expect the final bill…

Cigna Well-Being Award

By Krysten Hambrook

Withum is proud to announce that Withum is a recipient of Cigna’s annual Well Being Award for demonstrating a strong commitment to improving the health and well-being of their team members through a workplace wellness program. Cigna recognized Withum for the many programs implemented in addition to the formalized workplace wellness program, including firmwide recharge/refresh…

The Culture Code for Law Firms

By Krysten Hambrook

Share As law firms continue to grapple with issues around the future of work, the back and forth regarding return to office and the quiet consideration of long-term hybrid or remote work models, “We must maintain our firm culture!” is the battle cry being sounded in partially occupied offices and on Zoom calls everywhere. From…