“Hero Pay” Lawsuit Dismissed

As the idea of “Hero Pay”, an hourly premium paid to front-line grocery and retail workers during the existence of a public emergency, gains traction around the country (hazard pay ordinances are in effect in Berkeley, Long Beach, Los Angeles, Oakland, San Francisco and a host of other California cities as well as in Seattle),…

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States Sue over Tax Cut Restriction

One of the provisions in the Biden administration’s $1.9 trillion American Rescue Plan of 2021 prohibits states from using the federal relief cash either directly or indirectly to reduce taxes. In response, Ohio, Arizona, Missouri and a host of other – mostly red – states have filed suit against the Biden administration challenging the prohibition.…

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DeSantis Signs Liability Shield Law

Florida became the most recent state in the nation to enact a liability shield law for businesses when Governor Ron DeSantis signed SB 72 earlier this week.  The legislation, which is the first concrete action taken by the legislature this session and the first signed into law by DeSantis this year, sets a high legal…

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Consumer Confidence

The monthly report, Survey of Consumers, by the University of Michigan was recently released and it showed that final consumer sentiment readings in March climbed to 84.9—a more than eight-point jump since February and the highest level reached in a year. The gains are believed to be largely the result of another wave of direct…

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SBA Triples Disaster Loan Limits

The Small Business Administration (SBA) is increasing the maximum loan amounts under its Economic Injury Disaster Loans program (EIDL) effective April 6. In addition, the increase may also include some level of retroactivity. The EIDL, which was capped last year at six months’ worth of economic injury up to $150,000 maximum, will now be extended…

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Like IRS, Most States Postpone Tax Day

Although they haven’t all followed suit, most states across the country have followed the Internal Revenue Service example and postponed their state tax filing deadlines until May 17. As we advised you last week, the IRS for the 2nd consecutive year has postponed the tax filing date – for individual taxpayers only this time –…

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Updating Liability Shields

In the absence of a national policy limiting business liability against claims that stem from the coronavirus pandemic, more states are stepping up with limited liability protection to ensure that small businesses are not unfairly subjected to frivolous litigation. Most recently, the state of West Virginia became the latest state to put a law on…

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Paid and Supplemental Sick Leave

Despite our getting closer to a complete reopening of the economy in the wake of the coronavirus pandemic, some employers around the country are still being saddled with additional mandates and dictates from their own state governments. One glaring example comes from the state of New Mexico, where the state senate last week passed a…

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House Votes to Extend PPP

On Tuesday, the U.S. House of Representatives voted, by an overwhelming margin of 415 – 3, to approve a two-month extension of the Paycheck Protection Program (PPP).  The PPP is currently set to expire on March 31 but under the House-passed measure, the SBA would continue to accept and approve applications from businesses for the…

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IRS Extends Tax Filing Deadline

On Wednesday of this week, the Internal Revenue Service along with the U.S. Department of Treasury announced that the filing deadline for individual taxpayers has been extended for an additional month, to May 17, 2021. The extension only applies to individual taxpayers – not business taxes – and is automatic and therefore does not require…

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