Alabama Employers Now Required to Notify Separated Employees of the Availability of Unemployment Compensation
Click here to view a .pdf copy of the entire alert. The Alabama Department of Labor is sending notifications to employers of their obligation to notify newly separated employees of the availability of unemployment compensation. This new notice requirement has been imposed on employers in states that have accepted Families First […]
Department of Labor Updates FMLA Forms
The Department of Labor (DOL) has updated its forms that may be used by employees and employers to request and coordinate requests for leave under the Family and Medical Leave Act (FMLA). The updated forms can be found here or by clicking on the links below: Eligibility Notice and Rights […]
Congress Passes PPP Loan Forgiveness Changes
Click here for a .pdf copy of the alert. Last Night, the U.S. Senate passed the House version of changes to the PPP Loan Program. The Legislation, entitled the “Paycheck Protection Flexibility Act”, is being sent to President Trump who is expected to sign it. The key provisions are as […]
New PPP Loan Safe Harbor Guidance
Click here to view a .pdf copy of the alert. Given the questions concerning the factual underpinnings for the certification that each PPP Loan Applicant made that “[c]urrent economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant”, the SBA issued additional guidance on May 13, […]
IRS Declares that Expenses Paid with PPP Loan Proceeds Are Not Deductible
Click here for a .pdf copy of the alert. The U.S. Internal Revenue Service issued Notice 2020-32 on April 30, 2020. This Notice states that no deduction is allowed for an expense that is otherwise deductible if the payment of the expense results in forgiveness of the PPP Loan. Consequently, if you […]
