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PPP Safe Harbor Repayment Date Extended to May 14th

Posted on May 6, 2020 by and

In FAQ #43, Treasury announced it has extended the PPP loan repayment safe harbor to May 14, 2020 (from the original May 7, 2020 deadline). This extension is presumably in recognition of the fact that additional guidance is necessary regarding the borrower’s certification that “current economic uncertainty makes this loan request necessary to support the […]

EEOC Issues NEW FAQs Regarding Returning To Work Post-COVID

Posted on May 5, 2020 by

Previously we reported on the EEOC’s post entitled “ What You Should Know About COVID-19 and the ADA, the Rehabilitation Act, and Other EEO Laws.” Today, the EEOC added valuable guidance for those employers gearing up to return employees to the workplace. Ironically, we have recently been addressing these same questions from many clients, so […]

Treasury Provides Small PPP Forgiveness Clarification Regarding Laid Off Employees

Posted on May 4, 2020 by and

Over the weekend, the Department of Treasury issued an update to their PPP FAQs.  Question #40 clarifies that an employer’s forgiveness amount under PPP will not be impacted if the employer attempts to rehire a previously laid off employee and the employee refuses the offer to be rehired.  The offer from the employer must be […]

SBA Clarifies That Businesses With Adequate Sources of Liquidity May Not Qualify For PPP Loans

Posted on May 1, 2020 by and

The Department of Treasury released updated Protection Program FAQs.  These updated FAQs continue to raise more questions and concerns from PPP borrowers and provide little clarity on SBA expectations and forgiveness. Published on April 28th, FAQ #37 responds to the question “Do businesses owned by private companies with adequate sources of liquidity to support the […]

We Received a PPP Loan—Now What?

Posted on April 30, 2020 by and

With a second round of Paycheck Protection Program (“PPP”) funding coming available last week, a large percentage of small businesses either have already received (or will soon receive) the proceeds of a PPP loan. At only one percent interest over two years, PPP loans present a great opportunity, but, obviously, businesses are most interested in […]

The EEOC Issues Another Update to its Guidance on Dealing With COVID-19 in the Workplace

Posted on April 21, 2020 by

After having just issued an update on April 9, the U.S. Equal Employment Opportunity Commission (EEOC) has now issued another update to its guidance document, “What You Should Know About COVID-19 and the ADA, the Rehabilitation Act, and Other EEOC Laws.”  This has been the subject of two of our previous alerts (see The EEOC […]

IRS Extends 60-Day Rollover Deadline

Posted on April 17, 2020 by

In our recent blog post, The Early Bird RMD Doesn’t Get the Tax Relief Worm, we provided guidance regarding the suspension of required minimum distributions (RMDs) under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”).  We advised that if you already took your RMD for 2020, the CARES Act may allow you […]

State of Wisconsin Extends Safer at Home Order

Posted on April 16, 2020 by , and

This afternoon, Wisconsin Department of Health Services issued Emergency Order #28 (the “Extended Order”), an extension to Emergency Order #12 released on March 24th (the “Original Order”). The full text of the Extended Order can be accessed here. The Original Order remains in effect until 8:00 AM on April 24th, at which time the Extended […]

DOL Says Employers May Require Employees Use Available Paid Leave During Expanded FMLA Leave!

Posted on April 15, 2020 by

Last Friday, the DOL issued “corrections” to its FFCRA regulations. A link to these corrections is here:  FFCRA Corrections. Among other small changes, the DOL has made it crystal clear that an employer may require an employee use accrued paid leave for the paid portions of Expanded FMLA leave.  This does not apply during the […]

Charitable Giving in the Age of COVID-19

Posted on April 15, 2020 by and

As many churches in our area celebrated Easter in their parking lots or over video recordings, we cannot help but think what impact the coronavirus is having on not just churches but other local nonprofit organizations in our communities.  Loss of jobs or lowered salaries have left many people cutting non-essential expenses, including club memberships […]