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IRS Provides More Retirement Plan and IRA Relief

Posted on June 24, 2020 by

Yesterday, the IRS issued additional guidance regarding two hot topics over the last six months: the waiver of the 2020 required minimum distributions (RMDs) from retirement plans and IRAs, and the change in the required beginning date for RMDs from age 70 ½ to age 72. Extension and Expansion of 60-Day Rollover for 2020 RMDs […]

SBA and Treasury Release Revisions to Interim Final Rules on Loan Forgiveness and Loan Review Procedures

Posted on June 24, 2020 by , and

On Tuesday evening (June 22nd), the Small Business Administration (SBA) and Department of the Treasury released revisions to the interim final rule on forgiveness (issued May 22nd) and the interim final rule on loan review procedures (issued May 22nd).  The revisions can be found here and are intended to update the rules in light of […]

5 Ways the Coronavirus May Impact Long-Term Care Insurance

Posted on June 22, 2020 by , and

In Wisconsin, we are soon to reach 25,000 positive COVID-19 test results, over 3,200 hospitalizations, and close to 750 deaths attributed to COVID-19, the disease caused by the coronavirus. It is being recognized that the coronavirus pandemic has had a devastating impact on the elderly, particularly those in nursing homes and other long-term care facilities. […]

EEOC Says Employers CANNOT Require Antibody Testing!

Posted on June 22, 2020 by

On June 17, the EEOC updated its COVID-19 Guidance to clarify that unlike COVID-19 testing, an anti-body test would be a prohibited medical examination.  The FAQ (at A.7) states as follows: Question: The CDC said in its Interim Guidelines that antibody test results “should not be used to make decisions about returning persons to the workplace.” In […]

OSHA Issues New Guidance for Reopening “Non-Essential Businesses”

Posted on June 19, 2020 by

OSHA has just issued a “Guidance on Returning to Work” for what it calls “non-essential businesses”.  According to OSHA’s press release, the Guidance supplements OSHA’s previously issued guidance on preparing workplaces for COVID-19 and the White House “Guidelines for Opening up America Again”. The Guidance recommends a phased approach to reopening workplaces, as well as […]

SBA Issues Updated Paycheck Protection Program Loan Forgiveness Application and Issues New “EZ” Application Form

Posted on June 17, 2020 by , and

On June 16 the SBA issued a revised Paycheck Protection Program (PPP) Loan Forgiveness Application along with updated instructions.  The update in large part reflects the changes made to PPP by the Paycheck Protection Program Flexibility Act of 2020, enacted on June 5.   The new form can be found here, and the new instructions can […]

Supreme Court Rules That Title VII’s Prohibition on Sex Discrimination Extends to LGBT Employees

Posted on June 15, 2020 by and

Today the U.S. Supreme Court decided in a 6-3 decision that Title VII provides protection from discrimination on the basis of sexual orientation and gender identity in the workplace. Justice Neil Gorsuch and Chief Justice John Roberts joined the four liberal Justices for the majority.  Justice Alito, Justice Thomas, and Justice Kavanaugh dissented in lengthy […]

Applications for Wisconsin’s “We’re All In” Small Business Grant to Open June 15

Posted on June 11, 2020 by

The Wisconsin Economic Development Corporation (WEDC) will begin accepting online applications on June 15 for its We’re All In grant, which will provide $2,500 in relief to an estimated 30,000 small businesses throughout the state. Funded by the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act, the grant aims to help small businesses with […]

Monthly Spousal Income Allowance Increased

Posted on June 8, 2020 by , and

The Wisconsin Department of Health Services recently announced the “minimum monthly maintenance needs allowance” (“MMMNA”) has been increased from $2,818.34 to $2,873.34 starting July 1, 2020.  As part of laws designed to prevent spousal impoverishment due to the high cost of long-term care, the “community spouse” (who is the spouse of an individual receiving long-term […]

Trump Signs Favorable PPP Changes Into Law

Posted on June 5, 2020 by , and

A few moments ago President Trump signed HR Bill 7010 into law, which we summarized for you in an alert yesterday.  Click here to review that alert.  We also need to clarify that all of the revised and amended PPP terms apply to all existing and new PPP loans with the exception of the new […]