covid-19

The SBA has issued an interim final rule that would allow business owners who file a Schedule C to use gross income in determining payroll costs for PPP loans. 

The Departments of Labor, Health and Human Services, and Treasury have issued “FAQs About Families First Coronavirus Response Act and Coronavirus Aid, Relief, and Economic Security Act Implementation Part 44”. 

The House of Representatives has passed the American Rescue Plan Act of 2021 to provide additional relief to address the continued impact of COVID-19. 

The DOL’s Employee Benefits Security Administration (EBSA) has released Disaster Relief Notice 2021-01 providing guidance on the duration of COVID-19-related relief. 

Legislation proposed by the House Ways and Means Committee to provide pandemic relief includes several items that would affect retirement and health benefits. 

On January 28, 2021, the IRS posted updated FAQs on COVID-19-related employer tax credits for paid leave that is provided by certain businesses.

Paycheck Protection Program reopens the week of January 11, 2021. 

The IRS has issued Revenue Ruling 2021-02 guidance related to tax benefits associated with PPP loans.   

The DOL has issued an update to its Q & A guidance on paid employee leave under provisions of FFCRA.

On December 21, 2020, Congress passed additional measures to provide economic relief from the effects of the coronavirus pandemic. On December 27, 2020, it was signed into law.