Updated Check-In on Status, Needs, Questions, and Recommendations

To help AIV serve Vermont’s industrial and business community, we ask that you take a moment to complete our updated and revised survey regarding the ongoing impact of COVID-19 on your business, assistance you need, questions you want addressed, and suggestions or recommendations you have to share from your experiences.  Please note that this survey […]

PPP Application Deadline to be Extended

Congress has passed and sent to the President legislation to extend the application deadline for the Paycheck Protection Program to August 8.  The previous deadline was June 30.  Approximately $130 billion remains available for loans under the program, after Congress acted earlier this year to replenish the program following the swift exhaustion of its initial […]

Vermont Employer Mask/Face Covering Survey

AIV and other business organizations are working together to survey Vermont’s employers to help identify employer masks/face coverings and other personal protective equipment (PPE) needs in the state.  The purpose of this survey is to help quantify use, demand (current and future), and supply of masks/face coverings to help inform ongoing efforts to assist Vermont […]

Updated Guidance and Resources from the IRS

July 15 tax deadline approaching As the 2019 tax filing and payment deadline approaches (click here for more), the IRS reminds businesses and self-employed individuals that 2019 income tax liabilities as well as postponed April 15 and June 15, 2020 estimated tax payments are due July 15, 2020 (click here for more).   Deferral of […]

Reminder | Regular PPP and EIDL Webinars

PPP & EIDL Webinar Tuesdays & Thursdays The SBA Vermont District Office is hosting a free webinar from 9:00 to 10:00 am Tuesdays and Thursdays to discuss the Paycheck Protection Program, the Economic Injury Disaster Loan and Advance, and any pertinent updates. To join the webinar, click here. To join by phone, call 202.765.1264 and when […]

Legislation Passes Expanding Workers’ Compensation Presumptions for COVID-19 | Employer Compliance with ACCD Guidance Critical

The Legislature rushed to pass S.342 in the closing days before recessing Friday until August 25.  The bill would create a rebuttable presumption that COVID-19 is a compensable workplace illness across all sectors, although the bill defines “front-line” workers who would have the stronger presumption, while employers of non “front-line” workers would have more options […]

Vermont Department of Health and CDC Guidance on Responding to Positive COVID-19 Tests for Employees

The Vermont Department of Health has posted a new two-page guide with links to resources on what employers should do if employees test positive for COVID-19.  Some of the information provided includes: What information employers can begin collecting right away upon learning that an employee has tested positive for COVID-19 (even before hearing from the […]

Roundup of US Department of Labor and OSHA Guidance and Resources

The following are some US Department of Labor and OSHA guidance and resources, both COVID-19 related and not, recently released or updated: A proposed rule would update the Department’s investment duties regulation to provide clear regulatory guideposts for plan fiduciaries in light of recent trends involving environmental, social and governance (ESG) investing. Click here. The […]

Roundup of IRS Guidance and Resources

The following are some resources and guidance recently released or updated by the IRS: Employers Who Have Received a PPP Loan May Defer Deposit and Payment of the Employer’s Share of Social Security Tax The Paycheck Protection Program Flexibility Act, enacted on June 5, amends section 2302 of the CARES Act. It strikes the rule […]

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 […]