Now a thriving center for medical research, banking and financial services, and higher education, Birmingham was at one time viewed as the primary industrial area of the southern United States. According to the city’s official website, at the height of the U.S. manufacturing age, Birmingham’s quick growth earned it the nickname “the Magic City.” McGlinchey Stafford’s Birmingham office was opened in 2015.
McGlinchey in the NewsBirmingham Business Journal Names Chris Couch to its Best of the Bar
May 12, 2021
McGlinchey Stafford is pleased to announce that the Birmingham Business Journal has named Member Christopher P. Couch to its 2021 Best of the Bar, which honors excellence within the city’s legal industry.
Attorney Published ArticleScared of Your Clients’ Involvement With Cryptocurrency?
May 4, 2021
Bob Driscoll (Washington) and Ross Benson (Birmingham) wrote an article that was published in Law.com's May, 2021 issue of the Business Crimes Bulletin. The article serves to provide attorneys with an overview of the legality and illegality of various cryptocurrency-related activities.
AlertIRS Provides Safe Harbor to Deduct Certain 2020 PPP Related Expenses in 2021
April 23, 2021
The IRS has announced a safe harbor in Revenue Procedure 2021-20 that will permit certain taxpayers an election to deduct in 2021 expenses paid with proceeds of a forgiven PPP that were not claimed as a deduction on their tax return or information return filed in 2020.
EventWebinar: Updates to the Paycheck Protection Program & Other Issues
March 18, 2021
Join us on Thursday, March 18 for the second installment in our 3-Part webinar series on the Paycheck Protection Program and formulate your game-plan before you apply for forgiveness.
EventWebinar: What to know about PPP loan forgiveness
February 18, 2021
You certified your eligibility for the PPP loan, calculated the amount of your loan, and submitted your application. You used the loan proceeds for allowable purposes. Now, the time has come to calculate the amount to claim in your Loan Forgiveness Application. But is there a “right” way to do it?
McGlinchey in the NewsWhy Alabama could see a rebound in bank M&A activity this year
February 4, 2021
Birmingham Member Chris Couch is quoted in an article discussing potential merger and acquisition activity for Alabama banks in the Feb. 4, 2021 issue of the Birmingham Business Journal.
Attorney Published ArticleVaccines in the Time of COVID: An Employer’s Perspective
December 28, 2021
Mag Bickford (New Orleans) and Chase Stoecker (Ft. Lauderdale) authored the article "Vaccines in the Time of COVID: An Employer’s Perspective" in the Alabama Bankers Association December 2020 Board Briefs newsletter.
AlertPitfalls of PPP Loan Forgiveness
January 25, 2021
Businesses are now eligible to apply for forgiveness of loans received through the federal Paycheck Protection Program (PPP) established under the CARES Act. PPP loan recipients should be thoughtful in responding to information requested by lenders and the Small Business Administration.
McGlinchey News ReleaseMcGlinchey Promotes New Members, Counsel in 2021
January 11, 2021
McGlinchey Stafford is pleased to congratulate the attorneys who have been promoted to Members (Partners) and Counsel within the firm as of January 1, 2021.
AlertYes, I Can Deduct Expenses Paid with a Forgiven PPP Loan
December 31, 2020
Congress Reverses IRS Congress has overridden the IRS position that expenses paid with PPP loan proceeds cannot be deducted if the PPP loan is forgiven. In our November 20, 2020, alert captioned “Can I Deduct Expenses Paid with a PPP Loan?” we addressed Revenue Ruling 2020-27 in which the IRS expanded on its original positionMore