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OSHA Issues “Stronger” Guidance on COVID-19 in the Workplace

Posted on February 1, 2021 by

The Occupational Safety and Health Administration (OSHA) has issued a new, “stronger” Guidance on identifying and preventing coronavirus exposure risks in the workplace.  Although this is labeled a “Guidance” and OSHA says that it is advisory, employers are cautioned that they can be at risk for standard OSHA penalties under the General Duty Clause if […]

Lower Gasoline Prices Means Decrease in Optional Standard Mileage Rates for 2021 Wage Base

Posted on December 23, 2020 by

The Internal Revenue Service has announced the optional standard mileage rates for computing the deductible cost of operating an automobile for business, medical, and moving expenses for 2021, and the decrease in rates reflect the decrease in the fixed and variable costs of operating a vehicle.  Effective January 1, 2021, the optional standard mileage rates […]

Paycheck Protection Program Loan Borrowers Will Find Deductions Under the Tree This Holiday Season

Posted on December 22, 2020 by and

On the evening of December 21, 2020 the House and Senate passed the Consolidated Appropriations Act, 2021 (the “Act”), a 5,593 page bill that funds the federal government for the next fiscal year and provides long anticipated COVID-19 pandemic relief to individuals and businesses.  President Trump is expected to sign the legislation shortly. It is […]

2021 Qualified Plan Cost of Living Increases, 2021 Social Security Taxable Wage Base

Posted on October 26, 2020 by

On October 26, 2020 the Internal Revenue Service announced the cost-of-living adjustments for the various qualified retirement plan limits. Some of the limits shown below have increased from last year while others remained unchanged.   Qualified Plan Limit Cost-of-Living Adjustments 401(k) and 403(b) elective deferral limit 2020 – $19,500 2021 – $19,500 $200,000 compensation limit […]

SBA Issues Guidance on Navigating Paycheck Protection Program Loans in M&A Transactions

Posted on October 13, 2020 by

After several months of uncertainty, businesses are carefully resuming merger and acquisition transactions. Many (if not most) small businesses took advantage of the Paycheck Protection Program (PPP), but, as forgiveness is still pending, they are forced to navigate the treatment of these loans in the sale or acquisition process. The SBA issued a procedural notice […]

Trump Administration Wades into Residential Real Estate Evictions with Moratorium

Posted on September 2, 2020 by

On September 1, 2020, the Centers for Disease Control and Prevention released a yet-to-be published Emergency Order (Order) prohibiting residential evictions.  The Order will take effect on its legal publication date (expected to be Friday, September 4, 2020) through December 31, 2020.  Specifically, the Order prohibits any action by a landlord or similar owner of […]

Is Your Company Ready? California Consumer Privacy Act Now Being Enforced

Posted on August 24, 2020 by

Starting last month, the California Attorney General began enforcing the California Consumer Privacy Act (“CCPA”). Although the CCPA went into effect January 1, 2020, it provided a six-month grace period to allow companies to comply.  Under the CCPA, California residents, even if temporarily out of the state, are granted substantial data-privacy rights and extensive control […]

Wisconsin Face Covering Mandate to Begin August 1st

Posted on July 30, 2020 by

Governor Evers issued Emergency Order #1 on July 30, 2020 implementing a statewide face covering mandate. The face covering requirement will begin on Saturday, August 1, 2020 and will expire September 28, 2020 or by a subsequent superseding emergency order. The Order requires every individual over the age of five in Wisconsin wear a face […]

SBA and Treasury Release Revisions to Interim Final Rules on Loan Forgiveness and Loan Review Procedures

Posted on June 24, 2020 by and

On Tuesday evening (June 22nd), the Small Business Administration (SBA) and Department of the Treasury released revisions to the interim final rule on forgiveness (issued May 22nd) and the interim final rule on loan review procedures (issued May 22nd).  The revisions can be found here and are intended to update the rules in light of […]

SBA Issues Updated Paycheck Protection Program Loan Forgiveness Application and Issues New “EZ” Application Form

Posted on June 17, 2020 by and

On June 16 the SBA issued a revised Paycheck Protection Program (PPP) Loan Forgiveness Application along with updated instructions.  The update in large part reflects the changes made to PPP by the Paycheck Protection Program Flexibility Act of 2020, enacted on June 5.   The new form can be found here, and the new instructions can […]