The Department of Labor published regulations governing the Families First Coronavirus Response Act on April 1, 2020. While containing extensive explanations of terms and provisions throughout the entire FFCRA, one section is particularly noteworthy for small businesses. The language of the FFCRA provided that small private employers with fewer than 50 employees could be exempt …Read More
Category: COVID-19
Families First Coronavirus Response Act: what employers should know
The Families First Coronavirus Response Act (FFCRA), which includes the Emergency Paid Sick Leave Act and the Emergency Family and Medical Leave Expansion Act, paid leave provisions are effective on April 1, 2020 and apply to leave taken between April 1, 2020 and December 31, 2020. The Wage and Hour Division (WHD) of the Department of Labor issued detailed guidance and the required notice for employers to post.
States take steps to protect insured during COVID-19 emergency
The Governors and the Departments of Insurance in Ohio and Kentucky have recently taken steps to protect insureds – both individuals and businesses – during the COVID-19 pandemic.
A letter from your Strauss Troy tax attorney
We hope that you are keeping yourself, your loved ones, and your community safe from COVID-19 (commonly referred to as the Coronavirus). Along with those paramount health concerns, you may be wondering about some of the recent tax changes meant to help everyone coping with the Coronavirus fallout.
COVID-19 Emergency Spending Bill Retirement Benefits Provisions
The emergency spending bill signed into law on Friday contains several provisions related to retirement benefits. This article will discuss those provisions.
COVID-19 and Business Interruption Coverage: Pending Legislation
On March 23, we wrote about potential insurance claims arising from COVID-19 shutdowns and disruptions that businesses could assert under the business interruption coverage in their property damage insurance. Since then, bills have been filed in several state legislatures – including Ohio – that seek to ensure that this coverage exists.
Frustration of Purpose And Excused Contractual Performance After A Government Shut Down
By: William K. Flynn State and local governments are taking aggressive actions to contain the spread of the COVID-19 virus, including official and unofficial quarantines, “social distancing,” stay at home requirements, and cancellation of public events. I wrote the other day addressing the potential implications of a pandemic relative to negotiated force majeure provisions commonly …Read More
Ohio’s Temporary Open Meetings Act Amendments
On March 25, 2020, the General Assembly amended the Ohio Open Meetings Act in response to the COVID-19 outbreak (HB 197). This article details those temporary amendments.
A Message from Marshall K. Dosker, President, Strauss Troy
To all clients and friends of Strauss Troy:
We hope that you remain well during these challenging times. Like you, we at Strauss Troy have been busy preparing and planning for all aspects of this unprecedented event.
Family Law: Co-Parenting During COVID-19 Shutdowns
Effective March 23, 2020, Kentucky Governor Andy Beshear has ordered nonessential retail businesses to close beginning at 8 p.m. and Ohio Governor Mike DeWine has issued a shelter-in-place order to begin at 11:59 p.m.
Business Interruption Insurance Claims Arising from COVID-19
Most businesses have business interruption insurance that is one of the coverages provided in property damage policies. Business interruption coverage may or may not provide reimbursement for some of the losses sustained by businesses as a result of the coronavirus shutdown. This will depend on the exact language of the policy and the exact circumstances causing the business interruption.
Tax Day now July 15: Treasury, IRS extend filing deadline and federal tax payments regardless of amount owed
The due date for filing federal income tax returns and making federal income tax payments due April 15, 2020 has been automatically postponed to July 15 2020.
Tax filing deadline postponed until July 15
This morning Treasury Secretary Mnuchin announced in a tweet that the filing deadline has been moved to July 15. Please check this page for updated information as it becomes available.
Force Majeure: Will COVID-19 excuse performance of your contract?
Added to to stressors faced by business owners or operators during this pandemic is whether they will be able to meet contractual commitments or expect return performance by counter parties. Looking past the current disruption in every corner of the economy, businesses are going to increasingly confront questions about force majeure and related contract concepts of impracticability of performance or frustration of purpose.
Tax payment deadline extended 90 days during COVID-19 Emergency
The U.S. Secretary of the Treasury is providing relief to everyone who has a federal income tax payment (including self employment tax) due on April 15. The due date for those payments has been postponed to July 15, 2020.