Now that more companies have received Paycheck Protection Program (PPP) funds, we’ve been getting a steady stream of questions on how to maximize loan forgiveness. As of today, the interim final rule on PPP forgiveness has not been issued. So important details on...
On Tuesday April 21st, the Senate passed a $484 billion bill which provides additional funding to the Paycheck Protection Program. The House is widely expected to pass the bill by Thursday. Loan approvals could commence on Friday. The Paycheck Protection Program was...
Both the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief and Economic Security (CARES) Act made significant temporary changes to unemployment insurance benefits.Unemployment insurance benefits are administered by state agencies in...
FFCRA UpdatesThere were several key developments on April 1, 2020 in regard to the Families First Coronavirus Response Act (FFCRA). The Department of Labor (DOL) issued much anticipated regulations which provide critical guidance on how employers should administer the...
On Friday March 27th, the House passed, and the President signed the Coronavirus Aid, Relief and Economic Security (CARES) Act. In addition to direct support for individuals, this massive relief bill includes a number of provisions which will be significant to nearly...
The U.S. Department of Labor (DOL) released a model notice on their website today which also includes fact sheets, Q&A, and a field assistance bulletin. It provides information on common issues employers and employees face when responding to COVID-19, and its...
The U.S. Treasury Department, Internal Revenue Service, and the U.S. Department of Labor announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them,...
We are seeing an unprecedented situation that is constantly evolving and want to keep you updated. To further keep you up to date, we are sponsoring a webinar on Monday, March 23rd to discuss HR 6021 and other coronavirus related employment concerns. Our first session...
On Wednesday March 18th, the President signed the Families First Coronavirus Response Act (HR 6201). We previously wrote about this bill on Monday March 16th and the final version is broadly similar. The bill is set to go into effect within 15 days of enactment.The...
Late Friday evening, the House of Representative passed HR 6201, the Families First Coronavirus Response Act by a vote of 363 to 40. The text of the bill was negotiated with the Trump Administration and the President has signaled his support for the bill. Although the...
