Covid-19 Information Hub

Last week, the Departments of Labor, Health and Human Services, and Treasury (collectively, the “Departments”) jointly issued helpful guidance for employee benefit plans that extend certain deadlines and offer other relief in light of the COVID-19 pandemic. HIPAA, COBRA, and Claims-Related Timeframes Delayed On April 29, 2020, the Departments jointly […]

The federal income tax consequence of forgiveness of all or a portion of PPP loans has been an outstanding question for some time. Forgiveness of a loan generally results in a business realizing cancellation of indebtedness income under general tax principles; however, the CARES Act expressly provides that any income […]

The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act apportioned $349 billion to the “Paycheck Protection Program,” (“PPP”) which authorizes small business loans guaranteed by the Small Business Administration (“SBA”).  To be eligible for funding, the CARES Act and SBA PPP loan application require, among other things, that each applicant certify […]

During the COVID-19 situation, employers of H1B workers should be confirming the following:  Has the work location for any H-1B employee changed? Is he or she now working from home? If yes, is that home office within a normal commuting distance?  Do H-1B employees continue to be employed on the […]

President Trump signed the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act on March 27, 2020. The Act, among other things, apportions $349 billion to the “Paycheck Protection Program,” (“PPP”) which authorizes small business loans guaranteed by the Small Business Administration (“SBA”) under Section 7(a) of the Small Business Act, […]