Firm News
Returning to Work: Now What?
Your state and/or local government has decided that you can reopen your business and welcome back your employees. Now you may be thinking: "What do I need to think about in order to safely reopen and make sure my employees are safe?" This is certainly not an exclusive...
SBA Offers Eligibility Safe Harbor on PPP Loans
Today, the SBA released guidance regarding its process for reviewing borrowers' required good faith certifications concerning the necessity of their Paycheck Protection Program (PPP) loan request. That guidance is available here at Question No. 46. When submitting a...
EEOC Announces Postponement of EEO Data Collections
In another concession to the coronavirus pandemic, the U.S. Equal Employment Opportunity Commission (EEOC) announced that it will delay collection of the 2019 EEO-1 Component 1 data collection and the 2020 EEO-3 and EEO-5 data collections. Employers with 100 or more...
Department of Labor Issues New COBRA Notices for Employee Benefit Plans
On May 1, 2020, the United States Department of Labor's Employee Benefits Security Administration ("EBSA") issued frequently asked questions under the Consolidated Omnibus Budget Reconciliation Act ("COBRA") and revised COBRA model notices. The combined guidance...
Guidance and Relief for Employee Benefit Plans Due to the COVID-19 Outbreak
The Employee Benefits Security Administration ("EBSA") of the Department of Labor ("DOL") has issued EBSA Disaster Relief Notice 2020-01 ("Notice 2020-01") to provide relief for various requirements and deadlines under the Employee Retirement Income Security Act of...
SBA Allows Ag Businesses Access to EIDL Loans
On May 4, 2020, the Small Business Administration (SBA) will accept new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications on a limited basis only to provide relief to U.S. agricultural businesses. According to the SBA's announcement, agricultural...
SBA Now Limits PPP for Corporate Groups to $20 Million
The SBA issued a new Interim Final Rule yesterday, April 30, 2020, limiting PPP loans for corporate groups to $20 million. Key Highlights: Businesses that are part of a single corporate group cannot receive more than $20 million in PPP loans in the aggregate. A...
IRS Disallows Deduction For Allowable PPP Expenses
On April 30, 2020, the IRS released IRS Notice 2020-32 addressing the deductibility of expenses for which a Paycheck Protection Program (PPP) loan borrower is granted PPP loan forgiveness. For the eight week period after the disbursement of a PPP loan, a borrower can...
Key CARES Act Provisions Affecting Health and Welfare Benefit Plans
The Coronavirus Aid, Relief and Economic Security Act (the "CARES" Act") contains several key provisions affecting employer-sponsored health and welfare benefit plans. This article outlines those provisions that are mandatory vs. those provisions that are permissible...
Governor Announces Relaxation of Directed Health Measures for Douglas County
Governor Pete Ricketts has announced that a new Directed Health Measure (DHMs) for Douglas County and Sarpy County will be issued that will relax restrictions on the opening of certain businesses. In a press conference held April 24, 2020, the Governor announced the...
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Omaha, NE 68102