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9 Apr 2020, 12:51 pm
Covered Employer: Unlike the initial ordinance, which would have applied to employers with 500 or more employees in the United States, the mayor’s order applies to employers that have either: (i) 500 or more employees within the City of Los Angeles; or (ii) 2,000 or more employees within the United States. [read post]
9 Apr 2020, 12:19 pm
The maturity on the PPP is two years, and the interest rate is 1%. [read post]
8 Apr 2020, 11:21 pm
The law went into effect April 1 and its obligations continue through December 31, 2020. [read post]
8 Apr 2020, 5:32 pm
*This alert is provided for information purposes only and does not constitute legal advice and is not intended to form an attorney client relationship. [read post]
8 Apr 2020, 10:56 am
A PPP applicant that was not in business from February 15, 2019 to June 30, 2019 may use the average monthly payroll costs for the period beginning on January 1, 2020 through February 29, 2020. [6] We note that the FAQ does not require that the same time period be used for both determining eligibility and determining “payroll costs”. [read post]
7 Apr 2020, 3:34 pm
” Covered employers are those that have 500 employees or less. [read post]
7 Apr 2020, 2:56 pm
PPP is federally guaranteed loan to employers who MAINTAIN their payroll through the pandemic crisis. [read post]
7 Apr 2020, 2:56 pm
PPP is federally guaranteed loan to employers who MAINTAIN their payroll through the pandemic crisis. [read post]
7 Apr 2020, 2:56 pm
PPP is federally guaranteed loan to employers who MAINTAIN their payroll through the pandemic crisis. [read post]
7 Apr 2020, 8:43 am
However, note that the 500 employee threshold does not appear to apply to the above described financial tests, and thus a business (and its affiliates, if applicable) which meets such financial tests will qualify regardless of whether it has more than 500 employees. [read post]
7 Apr 2020, 8:39 am
Who does NOT count as an employee toward the 500-employee threshold? [read post]
6 Apr 2020, 3:20 pm
Consistent with the foregoing, and as noted in the Updated Affiliation Guidance, the citations to 13 CFR 121.103 in the CARES Act with respect to affiliation is a drafting error.[3] We note that the Updated Affiliation Guidance does not modify, or even clarify, the glaring distinction between (i) the extension of eligibility to NAICS “72” business concerns having not more than 500 employees per physical location, and (ii) the waiver of the application of… [read post]
6 Apr 2020, 12:31 pm
The following questions now appear to have at least some answers: Counting Toward the 500 Employee Threshold Employers were initially left wondering when and whom to count to determine whether the employer has fewer than 500 employees to be covered by the emergency leave provisions of the FFCRA. [read post]
6 Apr 2020, 7:00 am
What does the Act do? [read post]
3 Apr 2020, 3:44 pm
No. 15 Does Coronavirus Qualify for FMLA Leave? [read post]
3 Apr 2020, 3:44 pm
The rule is effective from April 1, 2020 through December 31, 2020. [read post]
3 Apr 2020, 1:07 pm
It does not owe the employer’s share of social security tax on the $10,000, but it will owe $145 for the employer’s share of Medicare tax. [read post]
3 Apr 2020, 1:01 pm
The Interim Rule does not reference or further interpret the Accommodation and Food Services Industry rules. [read post]
3 Apr 2020, 8:06 am
Supreme Court’s Eighth Emergency Order The Supreme Court of Texas issued its Eighth Emergency Order on April 1. [read post]
2 Apr 2020, 11:41 pm
When does the employer calculate? [read post]
