Michigan no-fault reform takes effect for new and renewing policies issued on or after July 1, 2020. Not only must drivers get ready for the changes—employers must also prepare. Are you ready? Mary Bauman and Tripp VanderWal discuss key issues employers must address. Topics to be covered at the webinar include: How will your employer […]
Late on Friday, May 15, 2020, the U.S. Small Business Administration (SBA), in consultation with the U.S. Treasury Department, released its Paycheck Protection Program (PPP) loan forgiveness application form (Application) for use by PPP borrowers seeking forgiveness of some or all of their PPP loan following the conclusion of their eight-week forgiveness period. While the […]
The COVID-19 shutdown has caused financial distress for many companies. Some may need to liquidate, several might be candidates for restructuring, and others may open their doors without skipping too many beats. If you suspect your business may need financial assistance when things start returning to normal, you should seek the advice of trusted advisors, […]
COVID-19 has severely undermined the “bottom line” of numerous businesses in Michigan and across the United States. Businesses purchase interruption insurance to protect them against unforeseen, rare, potentially catastrophic business interruptions. But insurers are refusing to pay business interruption claims arising from the pandemic. Across the United States, insurers have taken the position that losses […]
Under new guidance released by the IRS (IRS Notice 2020-29), employers may allow employees to make mid-year pre-tax election changes under a Section 125 Cafeteria Plan (“Cafeteria Plan”) for any reason during the 2020 calendar year. This increased flexibility to make mid-year election changes applies to employer-sponsored health coverage, and Health and Dependent Care Flexible […]
As promised in a previous FAQ (summarized in this client alert), the Small Business Administration (SBA), in consultation with the Treasury Department, issued a new frequently asked question (FAQ 46) with much anticipated guidance regarding how it will review Paycheck Protection Program (PPP) borrowers’ required good faith certifications concerning the necessity of their loan requests […]
The U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) will soon start requiring federal government contractors and subcontractors to use a new disability self-identification form. The revised self-ID form must be implemented no later than August 4, 2020 when soliciting applicants and employees to disclose whether they are an individual with a […]
Many small businesses will face difficult financial issues as they attempt to reopen after the COVID-19 shutdown. As a result, some will opt to file for bankruptcy protection as they seek to reboot their businesses. Whether you are a small business seeking protection from creditors as you get back to normal operations, or a creditor […]
***Information and guidance in client updates was up to date at time of publication. During the pandemic, information and guidance has been changing rapidly. If you have any questions about the information contained in a client update, please contact the author(s) or your Miller Johnson attorney.*** The Equal Employment Opportunity Commission (EEOC) announced today that […]
***Information and guidance in client updates was up to date at time of publication. During the pandemic, information and guidance has been changing rapidly. If you have any questions about the information contained in a client update, please contact the author(s) or your Miller Johnson attorney.*** As explained in the previous client update Does My […]
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