Publications

Borrowers of Paycheck Protection Program (“PPP”) loans, which are guaranteed by the Small Business Administration (“SBA”), have reached the end of their covered periods, and many are in the process of seeking forgiveness of their PPP loans.  Unfortunately, questions remained about the federal income tax consequences of potential loan forgiveness […]

Just this weekend, the U.S. Department of Labor’s Occupational Safety and Health Administration (“OSHA”) issued guidance to help employers understand which standards the agency most frequently cites during coronavirus-related inspections in industries such as hospitals and healthcare, nursing homes and long-term care facilities, and meat/poultry processing plants. The following are […]

Elections for federal offices and the Nebraska State Legislature, among many others, took place November 3, 2020.  In addition to the U.S. presidential and congressional elections, Nebraskans voted for state legislators and several statewide ballot measures.  Below is a summary of Nebraska’s legislative elections and a ballot measure of interest […]

On Monday, October 26, 2020, the Secretary of the Treasury announced its annual cost-of-living adjustments to the contribution limits applicable to retirement plans, effective January 1, 2021, as follows: Limit on the annual benefit under a defined benefit plan: unchanged at $230,000 Defined contribution plan limits: Overall contribution limit: increased […]

To say a lot has happened this year would be an understatement.  So as we near the end of 2020, now is a good time to reflect on the numerous laws passed and legal updates published over the past year that may impact your employer-sponsored retirement plan.  To help, we’ve […]