Category Posts

The SBA has now opened both the Targeted Economic Injury Disaster Loan (EIDL) Advance and the Supplemental Targeted Advance grants to all eligible business types. Forgivable grants of up to $10,000 were available for a time during 2020 to all businesses. Later, the Targeted EIDL was available to only agricultural businesses. Now all business types can apply if they have not yet done so, but they have to meet certain criteria in order to qualify. Those criteria are as follows:

The...

On Monday, July 19, 2021, HHS Secretary Xavier Becerra announced an extension of the COVID-19 Public Health Emergency (PHE). This extension will last another 90 days from July 20, 2021. The COVID-19 PHE was initially declared on January 31, 2020 (with acknowledgement that it has existed since January 27th). Any PHE declaration can only last for 90 days at a time, but can be extended or renewed. It has already been renewed multiple times. There are several provisions tied to the duration of...

In an effort to ensure a safer working environment and reduce the risk of exposure to, or transmission of, COVID-19 for healthcare workers across our country, President Biden signed the Executive Order on Protecting Worker Health and Safety on January 21, 2021. That executive order tasked OSHA with creating and implementing a plan to better protect employees in certain workplaces. OSHA has now responded by issuing a new COVID-19 Emergency Temporary Standard (ETS). As of Monday, June 21, 2021,...

If you don’t have a COVID-19 plan or designated COVID-19 safety coordinators, the clock is ticking. According to OSHA’s COVID-19 ETS (Emergency Temporary Standard), employers have 14 to 30 days to comply with new standards, depending on the provision. 

As of Monday, June 21, 2021, OSHA’s COVID-19 ETS has appeared on the Federal Register website as an Interim Final Rule with request for comments.This ETS stems from an Executive Order signed by President...

Earlier this week President Joe Biden signed the SAVES LIVES Act into law which allows the VA to provide COVID-19 vaccinations to all Veterans, their spouses and caregivers. This act removed some prior legal limits the VA can provide to Veterans based on health care eligibility and priority groups. Vaccinations will still be priortized based on vaccine availability and Veterans enrolled in VA care.

For more information, read the full press release from the Office of Public and Intergovernmental...

Please take action today by reaching out to your Senators asking them to support S.748 - Medicare Sequestration Relief.

If you recall late last year, legislation passed to extend the 2% sequestration relief to March 31, 2021 - that’s next week!

Congress passed H.R.1868 last week to continue the pause of the 2% Medicare sequestration cuts through the duration of the public health emergency, but we need it to make it through the Senate too.

So please...

Paycheck Protection Program (PPP) Changes

Mark Higley, vice president of Regulatory Affairs has analyzed the Paycheck Protection Program (PPP) Tax Treatment for Federal and State Taxes. Below is the summary of the federal taxes. For the full analysis and commentary, please click HERE. 

Federal

On January 6, 2021, the IRS released Revenue Ruling 2021-02 that declares its previous Notice 2020-32 superseded. Notice 2020-32 stated expenses paid with PPP loan proceeds expected to be forgiven were not deductible. However,...

According to a White House press release the Paycheck Protection Program will, for a period of 14 days, only be available to businesses with fewer than 20 employees. The 2-week period is scheduled to begin Wednesday, February 24, and is being implemented in an effort to make sure that these very small businesses do not get excluded from receiving money through the program.

In addition to that 2-week period to focus on very small businesses, other changes being made to the Paycheck Protection...