Legislative News

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. [...]

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 [...]

Paycheck Protection Program Loan Forgiveness Information

2020-04-15T08:18:50-04:00April 15th, 2020|COVID-19 Updates, Legislative News|

Last week, a huge amount of applications for loans under the Paycheck Protection Program (PPP) were submitted to banks all over the country, and it’s likely that many more  will be submitted in the coming weeks.  So far, businesses [...]

Federal Reserve and Treasury Release Additional Actions to Provide up to $2.3 Trillion in Loans

2020-04-10T11:14:23-04:00April 10th, 2020|COVID-19 Updates, Legislative News|

Press Release April 9, 2020: The Federal Reserve on Thursday, April 9, 2020, took additional actions to provide up to $2.3 trillion in loans to support the economy. This funding will assist households and employers of all sizes and [...]

DOL To Employers: Do Not Retaliate Against Workers Reporting Unsafe Conditions During COVID-19 Pandemic

2020-04-09T08:25:45-04:00April 9th, 2020|COVID-19 Updates, Employee Benefits Legislation, Legislative News|

During this unprecedented time, many questions have been brought to our attention. One of which involves employer retaliation against workers who feel their work environment might feel unsafe to them during the COVID-19 pandemic. The U.S Department of Labor's [...]

Transportation Industry: Preparing and Documenting a Business Interruption Claim

2020-04-07T13:15:30-04:00April 7th, 2020|COVID-19 Updates, Legislative News|

The purpose of business interruption insurance is to indemnify the policyholder in case of a covered loss for the income that would have been earned had no loss occurred, subject to limitations in the coverage forms.  Coverage is written [...]

IMPORTANT INFORMATION: Paycheck Protection Program Applications Are Now Live

2020-04-03T10:21:25-04:00April 3rd, 2020|COVID-19 Updates, Legislative News|

The Paycheck Protection Program (“PPP”) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. Below are also a comprehensive set of guides for use in obtaining 7(a) forgiveness loans. [...]

The Latest Equal Employment Opportunity Commission (EEOC) Guidelines Issued on COVID-19

2020-04-01T11:52:37-04:00April 1st, 2020|Benefits Administration, COVID-19 Updates, Employee Benefits Legislation, Legislative News|

The Equal Employment Opportunity Commission (EEOC) recently hosted a webinar in which the agency answered questions about the applicability of the Americans with Disabilities Act (ADA) and Title VII to COVID-19-related employment actions. The EEOC updated its previously published [...]

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