Covid-19 Information Hub

The Department of Labor has issued guidance addressing the duration of the “outbreak period” extensions for certain benefits-related deadlines in response to the COVID-19 pandemic.  In April 2020, the Departments of Labor, Health and Human Services, and Treasury jointly issued guidance extending certain deadlines and timeframes under the Employee Retirement […]

The IRS recently announced on its website that eligible employers (generally, those with fewer than 500 employees) may disregard the caution contained on various employment tax returns, including the Form 941, regarding the Paycheck Protection Program (PPP) loans and eligibility for the employee retention credit. As background, the CARES Act […]

Another COVID-19 stimulus package is in the works on Capitol Hill.  On February 5, 2021, the U.S. Senate passed a budget resolution paving the way for a $1.9 trillion COVID-19 relief package.  This vote is one of several procedural steps needed to pass a new stimulus package using the budget […]

On December 21, 2020, Congress passed the Consolidated Appropriations Act, 2021 (“CCA”), a $2.3 trillion spending bill that includes $900 billion in stimulus relief.  The Act required the Small Business Administration (“SBA”) to reopen the Paycheck Protection Program (“PPP”). See our previous articles summarizing the CCA and the Regulations adopted […]

On December 21, 2020, Congress passed the Consolidated Appropriations Act, 2021 (“CCA”), a $2.3 trillion spending bill that includes $900 billion in stimulus relief.  The Act, among other things, allows borrowers to take a second PPP loan, resolves income tax deduction issues, and expands eligibility to Section 501(c)(6) organizations. For […]