Perhaps it was inevitable that a program that was slated to distribute more than $4 trillion in a little over 3 months could not take into account the vast array of circumstances, arrangements, and situations that were facing America’s small businesses. Many of those studying the program (including this author) had noted the various issues and, fortunately, Congress has sought to address at least some of the most glaring.
Read MoreAs Texas and several other states begin to loosen up physical distancing guidelines and “open up for business” this week, employers and business owners will be facing a variety of difficult issues with their employees and their business. These legal and business concerns must be addressed while trying to return to a productive and profitable venture in the midst of an especially challenging economic environment.
Read MoreTOMORROW is the day that Independent Contractors can apply for the Paycheck Protection Program loan made available via the new legislation recently passed to address the economic fallout from COVID-19. Here are things you will need to know…
Read MoreThe Treasury Department and the Small Business Administration finally issued Interim Final Rules (IFR) on April 2nd hours before the loan program was to begin. On several key issues, the IFR establishes positions that are DIFFERENT from those stated in the Fact Sheet that Treasury issued on March 31st. Here are the key points you need to know.
Read MoreThe Department of Labor (DOL) issued additional guidance at the end of last week, and a new law, known as the Coronavirus Aid and Relief for Economic Stimulus (CARES) Act was signed into law on Friday afternoon. These new developments provide additional considerations as small businesses seek to make the optimal calls on their personnel and financial decisions.
Read MoreMany of the details about the practical workings of the new law are still unclear. Recent communications from relevant agencies do provide us with important insights about what employers will need to do. Here are a few highlights.
Read MoreLast week, Congress passed the final version of the Families First Coronavirus Response Act (FFRCA), which created two new forms of leave based on conditions related to the COVID-19 pandemic: (1) Emergency Paid Sick Leave (EPSL) and (2) leave under the Emergency Family Medical Leave Expansion Act (EFMLEA) (sometimes also called Public Health Emergency Leave (PHEL)).
Here are some highlights of the new leaves provided by the FFRCA
Read MoreAs employers everywhere are looking at how to deal with the impending changes to their businesses, the Texas Workforce Commission (TWC) has developed a voluntary “Shared Work” program to potentially reduce the number of layoffs. This program offers employers the opportunity to reduce payroll costs while decreasing the loss in pay for the affected employees.
Read MoreThough trying to navigate all of the workplace issues stemming from COVID-19 can feel daunting, it is important to remember that doing your best during these unprecedented circumstances will go a long way in demonstrating leadership and maintaining the good faith of your employees. You are all in this together.
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