News & Analysis as of

Unemployment Benefits Coronavirus/COVID-19 Loan Forgiveness

Lowenstein Sandler LLP

Paycheck Protection Program: FAQs For Microbusinesses - UPDATED March 2021 #2

Lowenstein Sandler LLP on

On December 27, the President signed into law the Consolidated Appropriations Act, 2021. The Act includes a roughly $900 billion COVID-19 relief package, known as the “Economic Aid to Hard-Hit Small Businesses, Nonprofits and...more

Seyfarth Shaw LLP

How the Consolidated Appropriations Act Impacts Unemployment Compensation Benefits

Seyfarth Shaw LLP on

On December 27, 2020, President Trump signed the Consolidated Appropriations Act, 2021, an omnibus spending bill that authorized additional funding and extended supplemental unemployment benefits created by the Coronavirus...more

Maynard Nexsen

It’s a Roll of the Dice: The Fate of the CARES Act and FFCRA Under Congress’s New Stimulus Bill

Maynard Nexsen on

As 2020 comes to an end and we seek to close the books on what can only be described as an unprecedented, exhausting year, many employers are wondering what happens to the COVID-19-related benefits provided through the...more

Fisher Phillips

What Employers Need To Know About Latest Federal COVID-19 Stimulus Package

Fisher Phillips on

Federal lawmakers agreed to a second round of stimulus legislation late last night, sending a nearly 6,000-page bill to President Trump for his expected signature. The proposal allocates $900 billion in economic relief to...more

Foley & Lardner LLP

Federal COVID Relief Bill passed by Congress - December 2020

Foley & Lardner LLP on

On December 21, 2020, Congress passed a long-anticipated additional round of COVID relief legislation as part of the Bipartisan-Bicameral Omnibus COVID Relief Deal. This relief bill provides much-needed stimulus to...more

Farrell Fritz, P.C.

Forget Congress: The IRS Needs To Reverse Course On The Deduction Of Business Expenses Paid With PPP Loan Proceeds

Farrell Fritz, P.C. on

Round Two- “Painful social lockdowns in Europe and some American states helped blunt the coronavirus. Now, amid a fitful reopening, the pandemic is once again surging.” So begins an article on the front page of last...more

Mitchell, Williams, Selig, Gates & Woodyard,...

Accuracy Counts: Filing Complete and Accurate SARs and Program Specific Red Flags Related to Covid-19 Criminal or Fraudulent...

On September 29, 2020, at the 19th Annual AML & Anti-Financial Crime Conference, Financial Crimes Enforcement Network (“FinCEN”) Director Kenneth Blanco reported over 91,000 suspicious activity reports (“SARs”) have been...more

Schwabe, Williamson & Wyatt PC

CARES Act Questions for the Agricultural Industry - Update #5

Congress recently passed the economic stimulus package referred to as the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act1”), the Paycheck Protection Program and Health Care Enhancement Act (“PPPHCE Act”),...more

Schwabe, Williamson & Wyatt PC

CARES Act Questions for the Agricultural Industry - Update #4

Congress recently passed the economic stimulus package referred to as the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act1”), the Paycheck Protection Program and Health Care Enhancement Act (“PPPHCE Act”),...more

Jaburg Wilk

PPP Loan Forgiveness and Employees Refusing to Return to Work

Jaburg Wilk on

More employers are hearing “But, I can make more money on unemployment,” from formerly laid off employees when extending offers to return to the workplace. These words are surprising employers as they were expecting that...more

Hogan Lovells

Coronavirus: The Hill and the Headlines – COVID-19 D.C. Update – May 2020 #14

Hogan Lovells on

In Washington - A bipartisan group of Senators have agreed on legislation expanding the loan forgiveness period for the Paycheck Protection Program. The “Paycheck Protection Program Extension Act” would allow borrowers 16...more

Lewitt Hackman

PPP: SBA Provides New Guidance on One Aspect of Forgiveness

Lewitt Hackman on

When an Employee Declines an Offer to Be Rehired at the Same Salary/Wages/Hours - as of May 4, 2020 - On March 27, 2020, Congress passed and the President signed into law the Coronavirus Aid, Relief, and Economic...more

Jackson Walker

The CARES Act: Bullet Point Summary of Labor & Employment Issues

Jackson Walker on

On March 27, 2020, Congress passed and the President signed the “Coronavirus Aid, Relief, and Economic Security Act” — the “CARES Act.” The Act: - provides various forgivable loans and other loan programs for small and...more

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