News & Analysis as of

Employee Retention Business Closures Coronavirus/COVID-19

Fox Rothschild LLP

Bill Proposes January 31 as Last Day to File Employee Retention Credit Claims

Fox Rothschild LLP on

The House Ways and Means Committee recently advanced a bill that gives businesses a proposed deadline of January 31, 2024 to file Employee Retention Credit (ERC) claims. Known as the Tax Relief for American Families and...more

Steptoe & Johnson PLLC

Qualifying for the Employee Retention Credit and Partial Shutdowns

Steptoe & Johnson PLLC on

IRS Warnings - The IRS continues to issue warnings alerting employers to be wary of promoters aggressively pushing schemes to claim the employee retention credit (the ERC). The IRS has also added these promoter claims to its...more

Jackson Lewis P.C.

California Legislature Considers Bills Supporting Hazard Pay For Grocery And Health Care Industries

Jackson Lewis P.C. on

Despite the Governor’s recent announcement for a tentative reopening of the state by June, California’s legislature has been busy passing COVID-19-related laws. At the end of March, the Governor signed Senate Bill 95, which...more

Skadden, Arps, Slate, Meagher & Flom LLP

Employment Flash - July 2020

This edition of Employment Flash summarizes key employment law issues related to COVID-19 as well as two seminal U.S. Supreme Court rulings that protect gay and transgender employees from discrimination, and clarify the...more

Rosenberg Martin Greenberg LLP

For Purposes of the Employee Retention Credit, when is a Business Considered "Fully or Partially Suspended Due to a Governmental...

For businesses struggling as a result of pandemic-related shutdowns, any form of stimulus may be vital to their continued existence.  When the CARES Act became law, many businesses believed that the employer retention credits...more

Rosenberg Martin Greenberg LLP

Paycheck Protection Program: Understanding the Rules and Potential Options May Be Required to Maximize Loan Forgiveness

The Paycheck Protection Program (“the PPP”) has, by most accounts, been a great success in providing needed financial assistance to small businesses.  While funding through the PPP is characterized as a “loan,” many business...more

Akin Gump Strauss Hauer & Feld LLP

CARES Act Summary – Employees, Unemployment Insurance, and Assistance to State and Local Governments

Assistance to State, Local and Tribal Governments - The CARES Act establishes a $150 billion “Coronavirus Relief Fund” for state, local and tribal governments to use to cover any costs related to COVID-19 that had not...more

Skadden, Arps, Slate, Meagher & Flom LLP

UK Announces COVID-19 Job Retention Scheme

The COVID-19 crisis has led to much uncertainty regarding continuing pay for employees who are unable to work from home, as well as overall job security, in the face of employers’ financial uncertainty....more

Dechert LLP

COVID-19 Coronavirus Business Impact: UK Coronavirus Job Retention Scheme – What We Do and Don’t Know So Far

Dechert LLP on

On Friday 20 March 2020, Rt Hon Rishi Sunak MP, the Chancellor of the Exchequer, announced in broad outline the UK’s Coronavirus Job Retention Scheme. As he described the scheme in his statement...more

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