Legislature Recesses Until August 25

On Friday the Legislature finally recessed for a short period of time before a planned return August 25.  The Legislature passed an interim, three-month budget as well as additional COVID-19 relief legislation before recessing.  However, it also passed a number of non-COVID-19 as well as some politically-charged bills.  Other bills remain pending further and possible […]

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 […]

Upcoming and Recent Webinars

The following are upcoming webinars hosted by our national partners and allies at NAM, as well as a recording of a recent webinar: Forecasting in the New Normal: How Manufacturers are Becoming More Responsive to Fluctuations in Demand by Linking the Pulse of the Customer, Captured in Sales Forecasts, with Demand Forecasts.  July 9 at 1:00 […]

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 […]

Vermont’s Out of State Travel Map Expanded

Today Governor Scott announced the expansion of the number of states covered under Vermont’s county-by-county quarantine-free travel policy, which allows quarantine-free direct travel from designated counties with less than 400 active cases of COVID-19 per one million residents. As of July 1, this policy will be expanded to counties in Delaware, Maryland, New Jersey, Ohio, […]

Reminder | PPP Application Deadline June 30

The Paycheck Protection Program is taking applications until June 30th.  More than $100 billion in PPP funds are still available. Small businesses can now use funds for up to 24 weeks and have the option of extending the life of the loan from two years to five.  SBA will forgive loans if funds are used […]

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 […]