Power in Collaboration®
By Jonathan R. Ksiazek On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act into law (“CARES Act”). CARES Act provides an estimated $300 billion in cash payments to most individuals and $260 billion in enhanced and expanded unemployment insurance (“UI”) to millions of workers throughout the country who are… Read more »
By: Robbins, Salomon & Patt, Ltd. Approximately 80% of Americans including Illinois citizens, are now subject to state and local government orders encouraging or requiring them to stay at home (Stay-At-Home Order.) These rules do not apply to people working as healthcare providers, for an “essential business” or in “critical infrastructure industry.” Some employees working… Read more »
By: Robbins, Salomon & Patt, Ltd. RD has prepared the enclosed template form “Notice of Exempt Status as an Essential Business” for companies that believe they are an Essential Business in Illinois. The purpose of the Notice is to advised the State that a company can continue to do business under the good faith belief… Read more »
RD’s posting of the Families First Coronavirus Act( FFCRA)
By: Robbins, Salomon & Patt, Ltd. The Department of Labor (DOL) continues to update its Families First Coronavirus Response Act (FFCRA) Guidance with the Act going into effect April 1, 2020. Over the last week, the DOL has supplemented the FFCRA FAQ several times to clarify lingering questions. While a “guidance” technically has no legal… Read more »
RD Quarterly-2020 Issue 1 New Federal Law Expands Leave, Pay, But Does Not Apply to Employees Already Laid Off New Law Makes Chapter 11 Bankruptcy an Attractive Option for Small Businesses in Distress Leave Furloughs, and the WARN Act During COVID-19 Crisis SECURE Act, IRAs, and COVID-19: What You Need to Know Employer FAQs:… Read more »
By: Robbins, Salomon & Patt, Ltd. The Department of Labor (DOL) just issued its latest round of guidance on the FFCRA’s Emergency Paid Sick Leave (EPSL) and Expanded FMLA (E-FMLA) requirements. The additional guidance is found in Questions #38-59 of DOL’s running Q&A document posted on the DOL’s website. Below are the highlights. The FFCRA… Read more »
By: Robbins, Salomon & Patt, Ltd. As the effects of the Coronavirus (COVID-19) continue, employers face questions about temporary workplace closures, furloughs and reductions in force. Employers must be mindful that their actions do not create wage and hour and WARN Act issues. Do employers have to keep paying employees who do not come to… Read more »
The SECURE Act is a law affecting Individual Retirement Accounts (IRAs) and other retirement plans which Congress passed with rare bipartisan support. The House passed it last spring and the Senate added it to a budget bill in December 2019. Like all so-called “revenue neutral” tax legislation, the SECURE Act gives and takes. One beneficial… Read more »
On February 19, 2020, the Small Business Reorganization Act went into effect. The purpose of the new law is to offer an alternative, more streamlined path in chapter 11 reorganizations for small business debtors (including sole proprietorships). When the new law was passed, the only small business debtors eligible to file were those having less… Read more »