On May 19, 2020, the Small Business Administration released a list of frequently asked questions for lenders and borrowers.
On May 12, 2020, the IRS released Notices 2020-29 and 2020-33 which together provided some relief from the restrictions regarding changes to health and cafeteria plan elections.
By: Michael L. Iannitti The SBA has continued to issue additional guidance for borrowers and lenders on the Payroll Protection Program (PPP). Since publishing its initial rules in early April, further clarification has slowly trickled out on the often vague provisions of the CARES Act. Perhaps most significantly, the SBA has clarified the circumstances in …Read More
By: Theresa L. Nelson With recent news of easing stay-at-home orders, employers that have been operating with limited employees or that were closed due to COVID-19 need to evaluate the next steps for returning employees to work and opening operations. Any return-to-work plan must comply with all federal, state and local directives to ensure a …Read More
By: Theresa L. Nelson 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 …Read More
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.
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.
Kentucky Governor Andy Beshear issued an executive order temporarily suspending the one-week per benefit year waiting period normally required when applying for unemployment compensation benefits for individuals whose employment is affected by the COVID-19 emergency.
Ohio Governor Mike DeWine issued an Executive Order lifting certain restrictions on unemployment compensation benefits during the COVID-19 emergency.
You may have noticed that, unlike major appliances, lawyers don’t come with warnings or instructions. Whether you need a lawyer regularly for your business or only for specific tasks, the principles of this article should be helpful to you.