The Paycheck Protection Program (“PPP”) is a stimulus program which took effect under the CARES ACT passed in March of 2020 in response to the COVID-19 Pandemic. The program provided loans for small businesses to ensure up to eight weeks of payroll and other expenditures were covered while most businesses had limited operations or were [...]
Many congratulations to partner Michelle McCarthy on her nomination for Bar Fellow of the Colorado Bar Foundation. Fellows are nominated by their colleagues based on factors such as prominence, reputation, and good standing in the legal community, in addition to outstanding contributions in their communities, and contributions to advancing justice. Ms. McCarthy joins partner Tyler [...]
Murray & McCarthy Law is pleased to announce that it has been awarded the contract of Public Defender for the City of Westminster. The specialized team will be led by Joseph MacHatton, who spent three years on the Westminster Public Defender team with Flesch and Beck Law. In addition to Mr. MacHatton assuming the role [...]
On May 13th, the Small Business Administration issued guidance extending a safe harbor to borrowers receiving PPP loans with an original principal amount of less than $2 million. This news comes a relief to small businesses, "who will be deemed to have made the required certification concerning the necessity of the loan request in good [...]
In response to the economic crisis caused by the Coronavirus, Congress enacted the CARES Act, which stands for The Coronavirus Aid, Relief, and Economic Security Act. One of the functions of the legislation was to authorize two trillion dollars in economic stimulus in hopes of offsetting some of the hardships Americans are facing. A [...]
Due to the financial toll that COVID-19 has taken on so many citizens, Colorado has extended the deadline for filing and paying state income taxes. On March 18th, Governor Jared Polis extended the deadline for filing and paying your Colorado state income taxes to match the extension that has already been granted for federal tax [...]
Many Americans have suffered significant financial set-backs due to COVID-19, and are eagerly awaiting Stimulus Payments, also called Economic Impact Payments, from the IRS. These payments should be automatic for most taxpayers, and are expected to begin hitting bank accounts today, April 15th. Read further to learn how to look at the status of your [...]
UPDATE: In a March 23 update, the IRS announced that they have extended the filing date for 2019 taxes to July 15, 2020. This is an addition to the payment extension which was already put into place. Taxpayers can defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties [...]
A Note to our Clients and Community: We take the well-being of our employees, clients and their families very seriously, and want to ensure that we are doing our part to help stop the spread of COVID-19. We have limited our in-person meetings and will instead encourage our clients to schedule phone meetings with our [...]
Congratulations to Murray & McCarthy Law founding partner Tyler Murray for being honored as one of Colorado Super Lawyers Rising Stars. This is Mr. Murray’s fourth consecutive year of recognition in the distinguished publication, which highlights outstanding lawyers from over 70 practice areas who have attained a high degree of peer recognition and professional achievement. [...]