The Coronavirus Aid, Relief, and Economic Security Act Paycheck Protection Program

In response to the spread of the 2019 Novel Coronavirus (COVID-19), President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) into law on March 27, 2020. The CARES Act is the third phase in Congress’ response to COVID-19 following the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020 and the Families … Continued

Coronavirus Aid, Relief, and Economic Security Act (CARES Act) | Compliance Recap

In response to the spread of the 2019 Novel Coronavirus (COVID-19), President Trump signed the  Coronavirus Aid, Relief, and Economic Security Act (CARES Act) into law on March 27, 2020. The  CARES Act is the third phase in Congress’ response to COVID-19 following the Coronavirus  Preparedness and Response Supplemental Appropriations Act, 2020 and the Families … Continued

Stop – Stay Home – Start Something | MI Employee Benefits Team

We are seeing so many changes to our work, personal, and social life due to the COVID-19 pandemic. While these changes can seem daunting and the obstacles they create insurmountable, this can be a time of healthy change. There is always the chance for good to happen when you stop, stay home, and start something. … Continued

President Trump Extends Federal Social Distancing Guidelines Through April 30

On Sunday, March 29, 2020, President Donald Trump announced he was extending the federal social distancing guidelines for an additional 30 days to help contain the spread of coronavirus disease 2019 (COVID-19). The original 15-day guidelines were set to expire March 30, 2020, but the 30-day extension keeps them in place through April 30. “Nothing … Continued

Understanding the Historic $2 Trillion Stimulus Package

  The Coronavirus (COVID-19) pandemic has put a major strain on every aspect of daily life around the world, including the United States. As spread of the disease shows no sign of slowing down, there is a steadily increasing concern in the United States regarding the health and wellness of not only our citizens, but … Continued

Ask the Advisor: What’s the Difference Between a Furlough and a Layoff?

Question: What’s the difference between a furlough and a layoff? Answer: First, you should note that the language used when sending employees home for a period of time is less important than communicating your actual intent. Since temporary layoffs and furloughs are only used regularly in certain industries (usually seasonal), you should not assume that … Continued

New Coronavirus Relief Law Requires Paid Employee Leave

Two laws were enacted that provide workers with paid leave for reasons related to the coronavirus (COVID-19) pandemic, As part of the Families First Coronavirus Response Act signed into law by President Trump on March 18, 2020. One of the new leave provisions, the “Emergency Family and Medical Leave Expansion Act,” allows 12 weeks of … Continued

DOL Guidance – Employer Paid Leave Requirements in the FFCRA

The U.S. Department of Labor (DOL) has issued guidance on the paid leave requirements under the federal Families First Coronavirus Response Act (FFCRA). The FFCRA expanded the federal Family and Medical Leave Act (FMLA) to allow partially compensated employee leave for child care purposes related to COVID-19. The FFCRA also provided for employee paid sick … Continued

IRS Issues Guidance on Tax Credits for Coronavirus Paid Leave

Small and midsize employers may begin using two new refundable payroll tax credits to obtain reimbursement for the costs of providing coronavirus-related leave to their employees, the U.S. Department of Labor (DOL) and Internal Revenue Service (IRS) announced on March 20, 2020. This relief is provided under the Families First Coronavirus Response Act (the Act), … Continued

Family First Coronavirus Response Act

In response to the spread of the 2019 Novel Coronavirus (COVID-19), President Trump signed the Families First Coronavirus Response Act (Act) on March 18, 2020. The Act is an economic stimulus plan that affects coverage and cost sharing for COVID-19 testing and provides expanded federal family and medical leave and a new federal paid sick … Continued