Recent News & Blog / Coronavirus Insights
Maryland Governor Hogan Announces Distribution of Additional $180 Million in Relief Funding for Families & Small Businesses
In a COVID-19 update press conference on Thursday, December 17, Maryland Governor Hogan announced the distribution of an additional $180 million in relief funding for families and small businesses, including:
How COVID-19 could impact year-end inventory counts
Many businesses are closed or are limiting third-party access as COVID-19 surges across the United States. These restrictions could still be in place at year end — a time when external auditors traditionally observe physical inventory counts for calendar-year entities.
The red flags are many when borrowing from your retirement plan
The COVID-19 pandemic has resulted in many people borrowing from their companies’ qualified retirement plans, and the CARES Act provides some temporary rule changes to this loan type.
DOL Revises FFCRA Regulations to Clarify Paid Leave Rules
In response to a New York federal court ruling that invalidated several regulatory provisions of the Families First Coronavirus Response Act (FFCRA), the Department of Labor (DOL) has issued revised
Payroll tax deferral guidance
President Trump signed an Executive Order on August 8, 2020, and Treasury issued guidance on August 28, 2020 regarding the deferral of social security tax withheld from the paychecks of employees.
DOL provides additional guidance on FFCRA and what is considered a school closure
Many employers are trying to understand how the Families First Coronavirus Response Act (FFCRA) paid leave mandates for school closures apply to the various teaching options and schedules as schools reopen.
