During this unprecedented time of disruption and change due to the COVID-19 pandemic, lending institutions are seeking to provide much needed relief to their customers with respect to their mortgage and other loan payments, but the process is complex.  Regulatory guidance on processing loan modifications and other relief options is being updated almost daily, and […]

The Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was passed by the U.S. Senate on Wednesday, March 25, 2020, the U.S. House of Representatives on Friday, March 27, 2020 and signed by President Trump later that day. The CARES Act is an 880-page piece of legislation with an estimated $2 Trillion price […]

CLIENT ALERT “Families First Coronavirus Response Act” On March 18, 2020, President Trump signed the “Families First Coronavirus Response Act” into law.  Two major provisions of the FFCRA—each of which are Acts themselves—have a direct and immediate impact on leave issues and the corresponding payment obligations that employers are currently facing.  While the Secretary of […]

Pillar+Aught is receiving numerous calls and emails from employers who have a variety of questions regarding Coronavirus (“COVID-19”), its impact on their workplaces, and possible employment laws that may be implicated. This past week, our Labor & Employment Law group met and put together a FAQ to address the most common questions we are fielding.  […]

January 29, 2020 Background On January 23, 2020, the Pennsylvania Department of Revenue (“Revenue”) issued Corporation Tax Bulletin 2020-01 (the “Bulletin”).  The Bulletin addresses the issue of sales for resale in the context of Pennsylvania’s Gross Receipts Tax (“GRT”) and sets forth a procedure by which GRT taxpayers can more easily substantiate their exemption claims. […]

P+A is pleased to welcome Jeffrey E. Kaylor to our firm. Jeff is not your typical tax lawyer.  While he has advised private sector clients on matters related to mergers and acquisitions, asset and stock sales, fund formation and debt and equity offerings, he has also acted as counsel to the government with respect to […]

Pillar+Aught co-founder Kevin Gold, an NFLPA Certified Contract Advisor, has signed two top players for the upcoming NFL Draft in April. DE/OLB Eli Mencer, who played at the University at Albany, and LS Liam McCullough from Ohio State University, are both potential draft picks. The NFL Draft will take place in Las Vegas on April […]

John Shannon of Notre Dame was the inaugural winner of the Patrick Mannelly Award for the best senior college long snapper at the FBS level.  Shannon received the Award at a ceremony at Bernie’s Book Bank in Lake Bluff, Illinois on Saturday, December 14, 2019. Kevin Gold of Pillar+Aught is one of the three founders […]

William Penn Bank to Acquire Fidelity Savings and Loan Association of Bucks County and Washington Savings Bank Thursday, December 5, 2019 5:00 PM BRISTOL, PA / ACCESSWIRE / December 5, 2019 / William Penn Bancorp, Inc. (the Company) (OTC PINK:WMPN), the holding company for William Penn Bank (the Bank), announced today the signing of definitive […]

Community Bank System to Expand Its Western New York Presence with Acquisition of Steuben Trust Corporation October 21, 2019 SYRACUSE, NY and HORNELL, NY—(BUSINESS WIRE) —Community Bank System, Inc. (“Community Bank System”) (NYSE: CBU) and Steuben Trust Corporation (OTC Pink: SBHO) today announced that they have entered into a definitive agreement pursuant to which Community […]