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Regulatory Update: EEOC Updates Guidance on Workplace Vaccination Policies

(From SHRM) Employers can legally require COVID-19 vaccination for employees to re-enter the workplace and can provide incentives to encourage employees to get a shot, so long as the incentive is not so substantial as to be coercive, according to new guidance issued Friday by the Equal...


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Regulatory Update: SBA Changes PPP Documentation Requirements

(from the Journal of Accountancy) The U.S. Small Business Administration (SBA) announced changes Wednesday designed to reduce delays in the Paycheck Protection Program (PPP) approval process. Millions of small businesses have applied for PPP forgivable loans since it reopened Jan. 11 with $284...


Blog Entry
Regulatory Update: OSHA Issues New Guidance

(from OSHA and NBOA) OSHA issued new COVID-19 guidance for employers in the final days of January. In line with the Biden administration's previous measures, it focuses on face coverings and on employer responsibilities to workers, explained Amber Stockham, NBOA's director, human resources...


Blog Entry
Regulatory Update: FFCRA Spurs W-2 Corrections

(from the Society of Human Resources Management) Some employers, particularly smaller ones, have been surprised by the new requirement to report wages paid for leave taken under the Families First Coronavirus Response Act (FFCRA) on employees' W-2 forms. But W-2s, which must be provided to...


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Regulatory Update: IRS Clarifies Handling of Deferred Payroll Taxes

(from Journal of Accountancy) The IRS has issued guidance ( Notice 2021-11 ) to address how employers who elected to defer certain employees’ payroll taxes can withhold and pay the deferred taxes throughout 2021 instead of just the first four months of the year. Notice 2020-65 gave employers the...


Blog Entry
Regulatory Update: SBA Details Revenue Reduction Calculations for PPP Loans

(from Journal of Accountancy) The U.S. Small Business Administration (SBA) and Treasury issued an 18-page document Tuesday detailing how Paycheck Protection Program (PPP) borrowers should calculate revenue reduction and maximum loan amounts for second-draw PPP loans. The guidance also lists...


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Regulatory Update: PPP Applications for Smaller Loans Open Friday

(from the Journal of Accountancy) The application window for Paycheck Protection Program (PPP) forgivable loans will open Friday for lenders with $1 billion or less in assets, the U.S. Small Business Administration and Treasury announced. The opening, which will take place at 9 a.m. ET, applies...


Blog Entry
Regulatory Update: New PPP Applications Open Monday

(from Journal of Accountancy) The Paycheck Protection Program (PPP) will reopen Monday, January 11, 2021, for select lenders and borrowers, the U.S. Small Business Administration and Treasury announced Friday. The SBA and Treasury said in a news release that initially only community financial...


Blog Entry
Round 2 PPP Loans: Highlights for Independent Schools

(from multiple sources) The latest COVID relief bill, the Consolidated Appropriations Act, passed on Monday, December 21, outlined parameters for new borrowers of PPP loans and borrowers seeking to receive a second PPP loan (a “second draw” loan). The act appropriates $284.45 billion for both...


Blog Entry
Regulatory Update: Stimulus Bill Gives Employers Option of Extending FFCRA Leave

(From Robbins Schwartz) On December 27, 2020, the federal government authorized a new $900 billion stimulus package, the Consolidated Appropriations Act, to provide additional relief relative to the economic impact of the COVID-19 pandemic. A portion of the stimulus funds will be used to extend...