COVID-19 Updates

Treasury Department and SBA Release PPP Forgiveness Application Form

2020-05-19T10:05:21-04:00May 19th, 2020|COVID-19 Updates, Employee Benefits, Employee Benefits Legislation, Paycheck Protection Program, SBA Stimulus Programs|

The Treasury Department and the U.S. Small Business Administration (SBA) just released the Paycheck Protection Program (“PPP”) Loan Forgiveness Application.  The accompanying instructions and worksheets are very helpful in explaining how employers who borrowed PPP money can obtain forgiveness [...]

IRS Provides More Options for Unused Funds in Health FSAs and DCAPs

2020-05-18T11:12:57-04:00May 18th, 2020|Benefits Administration, COVID-19 Updates, Employee Benefits, Employee Benefits Legislation, Legislative News|

Options Include an Extended Period for Incurring Expenses and Increased Health FSA Carryover Limit Flexible spending accounts are about to get more flexible for people who have seen their household budgets upended by the Coronavirus pandemic. Account holders will [...]

New COVID-19 Guidance for Section 125 Mid-year Election Change Rules

2020-05-18T09:34:34-04:00May 18th, 2020|COVID-19 Updates, Employee Benefits, Employee Benefits Legislation, Legislative News|

Guidance Applies to Employer-Sponsored Health Coverage, Health FSAs and DCAPs On May 12, 2020, the IRS released Notice 2020-29, which provides temporary flexibility for mid-year election changes under a Section 125 cafeteria plan during calendar year 2020. The changes are [...]

U.S. Treasury Provides Safe Harbor For PPP Loans Under $2 Million

2020-05-14T11:00:33-04:00May 14th, 2020|COVID-19 Updates, Legislative News|

Businesses that accepted Paycheck Protection Program (PPP) funds of less than $2 million will be assumed to have performed the required certification concerning the necessity of their loan requests in good faith, according to guidance posted by the U.S. [...]

U.S. Chamber Of Commerce State-By-State Re-Opening Guidelines

2020-05-11T11:04:57-04:00May 11th, 2020|COVID-19 Updates|

As states have started re-opening for business with guidelines, here is the U.S. Chamber of Commerce’s interactive map which summarizes state-specific reopening information to help businesses navigate local rules and guidelines. The map details information about employee screening, limits on [...]

Reminder: How to Properly Wear and Remove a Mask

2020-05-01T09:21:23-04:00May 1st, 2020|COVID-19 Updates, Safety Tips|

Face masks are one tool utilized for preventing the spread of disease.  They may also be called dental, isolation, laser, medical, procedure, or surgical masks. Face masks are loose-fitting masks that cover the nose and mouth, and have ear [...]

Keeping Workplaces Safe: Employer Responsibilities

2020-05-01T08:33:12-04:00May 1st, 2020|COVID-19 Updates, Safety Tips|

Employers across the nation are in uncharted territory when it comes to keeping their workplace and its customers safe against an unfamiliar virus in Covid-19. Under the OSH Act of 1970 “the employer shall furnish to each of his [...]

States Begin Planning to Re-Open: Some Things To Look For So Far

2020-04-28T14:53:29-04:00April 28th, 2020|COVID-19 Updates|

Many states are putting together strategies for re-opening and allowing people to return to work. However, there are sure to be strict guidelines as it pertains to easing the restrictions on individuals and businesses. The plateau of COVID-19 cases [...]

IRS: COVID-19-Related Tax Credits for Required Paid Leave Provided by Small and Midsize Businesses FAQs

2020-04-17T13:08:59-04:00April 17th, 2020|COVID-19 Updates, Legislative News|

The Families First Coronavirus Response Act (the "FFCRA"), signed by President Trump on March 18, 2020, provides small and midsize employers refundable tax credits that reimburse them, dollar-for-dollar, for the cost of providing paid sick and family leave wages [...]

Statement by U.S. Treasury and Small Business Association about the Paycheck Protection Program (PPP)

2020-04-16T16:27:30-04:00April 16th, 2020|COVID-19 Updates, Legislative News|

Wednesday, April 15, 2020 - U.S. Treasury Secretary Steven T. Mnuchin and U.S. Small Business Administration Administrator Jovita Carranza issued the following statement regarding the Paycheck Protection Program and Economic Injury Disaster Loan Program: “The SBA has processed more [...]