The rate of change in the employment and benefits area seems to be accelerating. This alert addresses some of the changes that have been of most concern to our clients.
Observations on Long-Time Part-Time Employee...more
7/30/2024
/ Employee Benefits ,
Employees ,
Employer Liability Issues ,
Fiduciary Rule ,
Minimum Wage ,
New Regulations ,
Non-Compete Agreements ,
Over-Time ,
Pay Transparency ,
SECURE Act ,
Wage and Hour
The Internal Revenue Service delivered an unexpected surprise to taxpayers in Massachusetts and Maine this week by postponing to February 15, 2024 the deadline for various individual and business tax returns and tax payments...more
9/29/2023
/ Business Ownership ,
Business Taxes ,
Department of Labor (DOL) ,
Filing Deadlines ,
Hurricane Season ,
IRS ,
Natural Disasters ,
State and Local Government ,
Tax Planning ,
Tax Relief ,
Tax Returns
SECURE 2.0 Act -
As part of a large year-end piece of legislation, the provisions known as SECURE 2.0 Act of 2022 (“SECURE 2.0”) were enacted into law. SECURE 2.0 represents a broadly bipartisan piece of legislation that...more
3/7/2023
/ 401k ,
Americans with Disabilities Act (ADA) ,
CARES Act ,
Covered Entities ,
Department of Labor (DOL) ,
Distribution Rules ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
EPCRS ,
Flexible Spending Accounts ,
Health Insurance Portability and Accountability Act (HIPAA) ,
HRA ,
Internal Revenue Code (IRC) ,
IRS ,
Legislative Agendas ,
New Legislation ,
Non-Compete Agreements ,
PHI ,
Proposed Rules ,
Providing Urgent Maternal Protections for Nursing Mothers Act (“PUMP Act”) ,
SECURE Act ,
State Labor Laws ,
Training
The Federal Vaccine Mandate - Preparing for OSHA's COVID-19 Requirements - The Occupational Safety and Health Administration ("OSHA") has released an Emergency Temporary Standard ("ETS") regarding COVID-19-related compliance...more
11/29/2021
/ 401k ,
American Rescue Plan Act of 2021 ,
Benefit Plan Sponsors ,
Coronavirus/COVID-19 ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Employer Mandates ,
Flexible Spending Accounts ,
Health Insurance Portability and Accountability Act (HIPAA) ,
Health Savings Accounts ,
OSHA ,
Vaccinations
The Coronavirus Aid, Relief, and Economic Security Act of 2020 (CARES Act), the Consolidated Appropriations Act, 2021 (CAA) and now the American Rescue Plan Act of 2021 (ARPA) each include many provisions that affect...more
4/29/2021
/ American Rescue Plan Act of 2021 ,
CARES Act ,
COBRA ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Flexible Spending Accounts ,
Fringe Benefits ,
Premium Subsidies ,
Relief Measures ,
Retirement Plan ,
SECURE Act
On December 27, 2020, the Consolidated Appropriations Act, 2021 ("CAA" or the "Act") was signed into law. The 2,100+page CAA is made up of 32 Divisions. The significant business and individual taxpayer related provisions are...more
1/26/2021
/ CARES Act ,
Consolidated Appropriations Act (CAA) ,
Economic Aid Act ,
Economic Injury Disaster Loans ,
Employee Retention ,
Families First Coronavirus Response Act (FFCRA) ,
Family and Medical Leave Act (FMLA) ,
Income Taxes ,
IRS ,
Loan Forgiveness ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
Retirement Plan Providers ,
Tax Deductions
The U.S. Treasury recently issued additional guidance in the form of frequently asked questions regarding the Paycheck Protection Program (PPP) created by the Coronavirus Aid, Relief, and Economic Security Act. The guidance...more
The Internal Revenue Service has been busy issuing guidance over the last month or so on various retirement benefit issues. We want to be sure you are aware of these important updates.
Retirement plan and IRA liquidity...more
7/21/2020
/ 401k ,
CARES Act ,
Coronavirus/COVID-19 ,
Deferred Compensation ,
Distribution Rules ,
Employee Benefits ,
Income Taxes ,
Individual Retirement Account (IRA) ,
New Guidance ,
Required Minimum Distributions ,
Retirement Plan ,
Safe Harbors ,
Tax Returns
Congress recently extended the deadline by which businesses may apply for loans under the Paycheck Protection Program (PPP) from June 30 to August 8, 2020. The measure is expected to be signed by President Trump. For...more
As we previously predicted, the Small Business Administration (SBA) recently released a new loan forgiveness application and related instructions for those borrowers seeking forgiveness of Paycheck Protection Program (PPP)...more
On Friday, June 5, 2020, bipartisan legislation aimed at addressing many of the issues and difficulties that have arisen with respect to the loan forgiveness provisions of the Paycheck Protection Program (PPP) became law. The...more
The Small Business Administration and the Treasury Department have finally issued an application and instructions for borrowers seeking forgiveness of all or a portion of their Paycheck Protection Program (PPP) loans. As...more
Today, the SBA and Treasury issued their previously promised guidance regarding how the SBA would review borrowers’ good faith certifications in applications for Paycheck Protection Program (PPP) loans. The new guidance comes...more
On May 5, 2020, the U.S. Treasury extended the safe harbor from May 7, 2020 to May 14, 2020 for businesses to return funds wrongly received under the Paycheck Protection Program...more
Over the last several weeks, Sullivan has issued numerous client alerts that explore the Paycheck Protection Program (PPP) instituted under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and other funding...more
Over the last several weeks, Sullivan has issued numerous client alerts that explore the Paycheck Protection Program (PPP) instituted under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and other funding...more
As reported in our recent Client Alert, the IRS continued its series of tax relief announcements related to the COVID-19 emergency when it issued Notice 2020-23. This alert provides more detailed guidance on IRS Notice...more
Yesterday, the Internal Revenue Service issued Notice 2020-23, which updates and amplifies its earlier guidance under Notice 2020-18 and Notice 2020-20, discussed in our earlier Client Alert.
Compared to previous grants of...more
This alert, from the Employment & Benefits practice group, focuses on the various retirement, welfare and fringe benefit related changes that have come out of the Coronavirus Aid, Relief, and Economic Security Act (the CARES...more
Sullivan recently issued a client alert highlighting key provisions of the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act") as well as a follow-up client alert providing a deeper dive into the Paycheck...more
Late in the evening on Friday, April 3, 2020, the Small Business Administration ("SBA") took certain actions to help address some of the gating questions that arose during the course of the week regarding loans available...more
The Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act"), signed into law by President Trump on March 27, 2020, provides access to loans or tax credits to certain nonprofit organizations and encourages...more
Sullivan recently issued a client alert that explores the law and lore of the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act"). Additional details regarding the Paycheck Protection Program ("PPP")...more
These are extraordinary and fluid times for small businesses and individuals. As part of our mission as counselors and indeed partners to our clients, we have been closely reviewing the stimulus package recently signed into...more
The second-wave of federal legislation – the Families First Coronavirus Response Act (the Act) – became law on March 18, 2020. The new law is aimed at addressing COVID-19 by making expansions to the Family and Medical Leave...more