On Friday, June 19, 2020, the Internal Revenue Service released Notice 2020-50 clarifying and expanding provisions of the CARES Act that are designed to help retirement plan participants affected by COVID-19. The CARES Act provides… Read more
Recent Posts
Five Key Issues: PPP Loans and Loan Forgiveness Requirements
UPDATE 6/3/2020: Congress passed H.R. 7010 and the bill will be going to the President for his signature. This article will be updated to reflect any changes to the PPP process once the details are… Read more
Business Interruption Insurance and COVID-19 (Coronavirus and the Law)
All restaurants and recreational businesses were partially or fully shut down by Governor Northam’s Executive Order 53, issued on March 23, 2020. Many of these businesses are now wondering if their insurance will cover income… Read more
Cafeteria Plan Relief in Response to COVID-19 Pandemic (Coronavirus and the Law)
On May 12, 2020, the IRS issued optional relief for participants in cafeteria plans, health Flexible Spending Account (FSA) plans, and Dependent Care Assistance FSA plans. Less than two weeks ago, the IRS and the… Read more
How to Reopen Your Business in 12 Steps (Coronavirus and the Law)
We’re several months into the COVID-19 pandemic and demand is mounting to reopen workplaces. No modern employer has faced quite this situation, so you’re not alone. Rates of infection, hospitalization, and deaths vary from place… Read more
COVID-19 Employment Lawsuits Are Already Brewing (Coronavirus and the Law)
Employers across the country already are being sued by current and former employees as a result of COVID-19. These lawsuits come from many angles including paid leave requirements, disability accommodations, and concerns over workplace safety…. Read more
CDC and OSHA Interim Guidance for Meat and Poultry Processing Workers A Roadmap For All Industries
The CDC and OSHA released a COVID-19 related interim guidance for meatpacking and meat processing workers on April 26, 2020. While industry-specific in some details, it is an excellent guide for any facility particularly one… Read more
The Bank Secrecy Act and Paycheck Protection Program Loans (Coronavirus and the Law)
A recent update to the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) FAQs clarifies the application of the know-your-customer and beneficial ownership requirements under the Bank Secrecy Act (BSA). Previous SBA FAQs merely stated… Read more
Employee Benefits Plans Timeframes Extended (Coronavirus and the Law)
On April 28, 2020, the Departments of Labor and Treasury, the ESBA, and the IRS (the Agencies) issued final rules extending certain timeframes under the Employee Retirement Income Security Act (ERISA) and the Internal Revenue… Read more
EO53 Extension and the Anticipated Sunset of Business Restrictions in Virginia (Coronavirus and the Law)
On May 4, 2020, Governor Northam extended Executive Order 53, which expanded COVID-19 related restrictions on businesses and public or private in-person gatherings, for an additional week through May 14, 2020. During that time, the… Read more