EIDL Program Reopened for Small Businesses and Nonprofits

The SBA has reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19. The EIDL program offers long-term, low interest loans for small businesses and nonprofits that can be used to cover payroll and inventory, pay debt, or fund other expenses. The EIDL […]

PPP Transparency Measures

The SBA and US Treasury Department have announced enhanced transparency measures for Paycheck Protection Program borrowers who received loans above $150,000. The SBA will disclose company-specific information about these borrowers, including business name, address, NAICS code, ZIP code, business type, demographic data and jobs supported.  The disclosures will also include the borrower’s PPP loan amount. […]

Scheduled Changes in UI Taxes and Benefits Triggered by Pre-COVID UI Trust Fund Growth Coming Up

Owing to strong growth in the UI Trust Fund balances last year, automatic reductions in UI tax rates and increases in benefits will take effect beginning July 1.  UI Reforms implemented in 2010 following the Fund’s collapse during the last recession included several new automatic adjustments to help keep the Fund’s balances from falling too […]

New FFCRA Tool from US Wage and Hour

The US Wage and Hour Department has launched a new online tool that guides workers through a series of questions to help them determine if they are eligible for paid sick leave or expanded family and medical leave under the Families First Coronavirus Response Act (FFCRA).  As America continues to re-open, this tool is intended […]

Vermont House Concurs with Senate on Limited COVID-19 Relief Bill

The House today concurred with the Senate-passed version of S.350, allocating the use of some of the CARES Act funding available to Vermont for COVID-19 relief.  The bill will now go to the Governor. The bill does not enact the initial proposals previously released by the Governor (see related post here).  Instead, the bill creates […]

EEOC COVID-19 Q&A Resource Updated, Watch Related Webinar

The EEOC has updated its online resource “What You Should Know About COVID-19 and the ADA, the Rehabilitation Act, and Other EEO Laws”.  Click here for the updated web page. For related information, AIV’s national allies at NAM recently held a webinar on employment discrimination laws and COVID-19 issues with EEOC.  You can view the […]

OSHA Posts FAQ for Face Coverings and Respirators

OSHA has posted an FAQ page addressing cloth face coverings, surgical masks, and respirators.  Questions addressed are: What are the key differences between cloth face coverings, surgical masks, and respirators? Are employers required to provide cloth face coverings to workers? Should workers wear a cloth face covering while at work, in accordance with the Centers […]

Roundup of Updates and Resources from the IRS

Tax Treatment of COVID-19 Donations Notice 2020-46 provides guidance under the Internal Revenue Code on the federal income and employment tax treatment of cash payments made by employers under leave-based donation programs to aid victims of the ongoing Coronavirus Disease 2019 (COVID-19) pandemic as described in the notice.  The notice provides that cash payments employers […]

Reminder: Main Street Lending Program Webinar Thursday 1:00 PM

The SBA Vermont District Office will offer a webinar on Thursday, June 11 at 1:00 pm about the new Main Street Lending Program for businesses with up to 15,000 employees and revenues of $5 billion or less that were in sound financial condition before the onset of the COVID-19 pandemic.  An update on the Paycheck […]