Federal Vaccine Mandates

September 10, 2021 Yesterday President Biden issued two Executive Orders and a COVID-19 action plan, in furtherance of a strong federal policy of increasing the number of Americans who are vaccinated against COVID-19. The Orders and plan rely largely on employers to implement this policy. The first Executive Order requires all federal agencies to implement mandatory…

Federal Reserve Unveils Details of $2.3 Trillion to Help Economy

Article from CNBC: https://www.cnbc.com/2020/04/09/federal-reserve-unveils-details-of-its-much-anticipated-main-street-lending-program.html “The Federal Reserve on Thursday announced a bevy of new moves aimed at getting another $2.3 trillion of financing into businesses and revenue-pinched governments. Stock futures jumped after the announcement, which came moments after the government reported that 6.6 million new jobless claims were filed last week. Among the Fed’s measures were details regarding its Main…

New SBA Program as a Result of the CARES Act

The Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) was signed into law on Friday, March 27th. The act includes a provision for SBA loans to businesses meeting certain qualifications with loan forgiveness and payment deferral relief options. Click here for more information: https://documentcloud.adobe.com/link/track?uri=urn%3Aaaid%3Ascds%3AUS%3A63096d6e-b0cb-4321-885a-543f5398407b

Paycheck Protection Program and the Economic Impact Disaster Loan provided for in the Cares Act

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) has important provisions all businesses should be evaluating right now.  The Paycheck Protection Program (PPP) allocates almost $350 billion to help small businesses keep their employees and prevent other losses caused by the COVID-19 pandemic.  PPP loans are 100% federally guaranteed and the funds may…

How Will My Employees’ Unemployment Claims Related to COVID-19 Affect My Unemployment Tax Premiums?

Unemployment claims have skyrocketed in Utah, as in other states, since the outbreak of COVID-19. Many employers are concerned that the spike in claims will cause their unemployment insurance premiums to dramatically increase. On March 25, 2020, the Utah Department of Workforce Services (DWS) issued guidance on this topic: https://jobs.utah.gov/covid19/uifaqemployers.pdf. First, DWS indicated that the spike…