Wisconsin Employers Must Submit by Tomorrow

There’s precious little time, but the Wisconsin Department of Workforce Development (DWD) has given employers a deadline of tomorrow, August 15, 2020 to fill out and submit Form UCB-18823-E for employees who filed their initial COVID-19 related unemployment claims for weeks after May 15, 2020. The department recently announced that employers must move quickly to…

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What’s A Quarter-Trillion or So between Friends?

Fiscal conservatives are bracing themselves again in Congress with the US House posturing to bring forward another coronavirus relief bill to the tune of an additional $2 trillion or more. House Speaker Nancy Pelosi told reporters yesterday that she was confident Congress would pass what she called “a strong bill”, saying “$1 trillion doesn’t do…

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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…

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PPP: Remember to Keep Your Supporting Documentation

The rules related to obtaining a Paycheck Protection Program (PPP) loan and receiving forgiveness of that loan are changing constantly. As a result, it is likely that by the time this article is published in July, the rules and guidance will have changed significantly. With that in mind, rather than attempt to guess what the…

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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…

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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…

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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…

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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…

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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…

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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…

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