Idaho Paying “Back To Work” Bonuses

Apparently in response to the federal government giving $600 bonuses to workers laid off due to the COVID-19 pandemic, the state of Idaho has decided to ‘see that bet and raise it’ to $1500 in order to wean the unemployed off the $600 bonus with a $1500 one. Idaho Governor Brad Little has announced the…

Read More »

Mnuchin Signals Another COVID Relief Bill?

In testimony before the Senate Small Business Committee this week, Treasury Secretary Steven Mnuchin signaled that the administration would be open to yet another stimulus bill to address economic issues resulting from the COVID-19 crisis and he previewed their priorities for any such legislation. Specifically, the Secretary acknowledged a rocky start for the Paycheck Protection…

Read More »

CBO Reports on Bonus Unemployment Benefit

One provision of the aforementioned CARES Act that struck me as counterintuitive to expediting the economic recovery from the impact of the coronavirus pandemic was the payment of an additional $600 weekly to the unemployed. Although the additional funds are not authorized beyond July 31, 2020, some in the House of Representatives want to extend…

Read More »

Treasury Expands Applicability of Tax Credit

Last week, the US Department of the Treasury announced in a letter to members of the US Senate that it will revise its initial guidance prohibiting employers from claiming the Worker Retention Tax Credit. That guidance disqualified employers from claiming the credit when paying for their workers’ health benefits but not providing wages. In response…

Read More »

House Bill Would Extend $600 UI Premium

The challenge of hiring enough qualified workers to staff your QSRs would be that much more difficult under the latest CARES Act proposal heading to a vote in the US House as early as today.  Among the wish-list of goodies in the latest $3 Trillion stimulus proposal is an extension through January 2021 of the…

Read More »

Covid-19: The Legal Side of Business Interruption Issues

Covid-19 has thrown our way of living into treacherous and unchartered waters. We recognize that the impact to your business and your family is severe and broad. Through no fault of your own, you could be facing dire financial circumstances. The pain inflicted on businesses is as widespread as it is deep. It is critical…

Read More »

Another 6.6 Million Unemployment Claims Filed

The news from the Department of Labor (DOL), was no better yesterday than it was the past two weeks as another 6.6 million Americans filed first time claims for unemployment insurance in the face of the ongoing coronavirus crisis. Last week’s total of 6,648,000 claims was adjusted upwards during the week by an increase of…

Read More »

Miscellaneous

Last week saw new unemployment claims set a new record with 3.3 million claims in one week. Well, that record didn’t last long as the Department of Labor (DOL) yesterday reported that new claims for unemployment benefits reached over 6.6 million – more than double last week’s record! To put those numbers in perspective, the…

Read More »

Jobless Claims Beginning to Spike

As COVID-19 continues to spread around the nation the inevitable jump in unemployment claims is seemingly now beginning in earnest. According to the weekly initial unemployment claims data from the Department of Labor, seasonally-adjusted initial claims were some 70,000 higher for the week ending March 14 than they were in the prior week. Total initial…

Read More »

ObamaCare LTO Expires December 15

You wouldn’t think such a thing as a limited time offer (LTO) would exist for a government program, but it does for health insurance coverage under the Affordable Care Act. According to the Small Business Health Options Program (SHOP) website, the standard minimum participation rate of 70% of your employees enrolled (11 States have a…

Read More »