PPP Extended to May 31

President Biden signed the PPP Extension Act of 2021 into law this week and small businesses around the country now have an additional 60 days to apply for the SBA forgivable loan program.  Further, on top of the additional time allowed to apply, the law also gives the Small Business Administration (SBA) an additional 30…

Read More »

Increasing the OT Threshold

The old phrase “you ain’t seen nothing yet” sprang to mind last week when we learned of an effort by some Congressional democrats to more than double the existing overtime threshold to over $82,000! In a letter to newly installed Labor Secretary Marty Walsh, Representatives Mark Takano (D-CA) and Alma Adams (D-NC) along with Chairman…

Read More »

DOL Expands UI Eligibility

Speaking of changes from the Department of Labor, the agency earlier this year expanded the categories of worker eligible for Pandemic Unemployment Assistance (PUA). In a guidance letter sent to state unemployment administrators, DOL added eligibility for: workers receiving unemployment benefits who had been denied continued benefits because they refused to work at a worksite…

Read More »

“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),…

Read More »

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.…

Read More »

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…

Read More »

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…

Read More »

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…

Read More »

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 –…

Read More »

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…

Read More »