Defining Eligibility and Accessing Loans Available Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act

The CARES Act 2020 relief plan just got passed.  Learn if you are eligible and how to access the loan in the article below.

Cannabis Business Planning: Preparing your Business for an Infusion of Investment Capital or Sales Transaction

On May 29, 2019, Governor Polis signed a bill that for the first time allows outside investors to more easily invest in Colorado’s historically “closed off” cannabis industry. Among several changes, Bill HB19-1090 now permits publicly traded companies to hold a Colorado marijuana license and it repeals regulations that cap the number of out-of-state owners/investors to 15 people. With this new legislation in place, many insiders in the industry are gearing up for a refreshed influx of capital into the Colorado cannabis market.

Leveraging KPIs and Benchmarking to Grow Your Business

Growing up, both my dad and grandpa were pilots, so I have no fear of flying. In the aviation world, there is a license level above the basic license called “IFR Rated” or Instrument Flight Rules. Basically, when you’re IFR  Rated you’re permitted to fly in conditions where all you are relying on is your instrument panel, or “dashboard.” The test to become IFR Rated involves flying with an obstructed windshield, which sounds absolutely terrifying!

Running a business is not so different. The numbers (both financial and non-financial) tell a story, and many times foreshadow a result.

Depreciation rule changes from the Tax Cuts and Jobs Act

Every time a jobs/economy/relief act of 20-something (fill in the year) is passed, we get new depreciation rules. Scott Norquist, senior tax manager, discusses the major changes to the world of depreciation, many that benefit the real estate industry, as a result of the Tax Cuts and Jobs Act of 2017.

Opportunity zones: Tax reform’s least-publicized incentive

Part of the Tax Cuts and Jobs Act includes new incentives for investments into economically distressed areas designated by states choosing to participate. However, almost no attention has been given toward incentives regarding opportunity zones. Scott Grimm, tax partner, provides some general guidelines on incentives for qualified opportunity zones.

Reasons why now may not be the time to convert to a C corp

While structuring as a C corporation is certainly the best choice for many businesses, a “pass thru” structure has long been considered a more tax-efficient option for most small, closely held companies.  But with the massive changes that came with passage of the Tax Cuts and Jobs Act of 2017, many small-business owners are wondering if C corporations deserve a second look. Mark Lumsden, tax partner, reviews the case for C corp restructuring.

A conclusion to tax uncertainty

Now that the Tax Cuts and Jobs Act has passed, Bryan Adams, tax partner, looks at its impact, specifically as it relates to the commercial real estate industry. For the real estate industry as a whole, it appears there were many benefits retained or added through the tax bill.