News

PPP Loan Forgiveness Application

The U.S. Department of Treasury (Treasury) and the Small Business Administration (SBA) recently released the Paycheck Protection Program (PPP) Loan Forgiveness Application and instructions for small businesses to use when applying for PPP loan forgiveness with their lender. The below…
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HSA/HDHP Limits Increase for 2021

On May 20, 2020, the IRS released Revenue Procedure 2020-32 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2021. Eligible individuals with self-only HDHP coverage will be able to contribute $3,600…
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EEOC Delays EEO-1, EEO-3 and EEO-5 Reports Until 2021

Due to the COVID-19 pandemic, employers and unions that are subject to equal employment opportunity (EEO) reporting under Title VII of the Civil Right Act will not be required to file EEO surveys in 2020, the U.S. Equal Employment Opportunity…
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Northeast Delta Dental Announces Premium Credit, Extension of Renewal Rate Holds

On May 15th Tom Raffio, President & CEO of Northeast Delta Dental, made several announcements, including: Extending rate holds for fully insured employers renewing July - December. Issuing a one time premium credit for fully insured employers on their July…
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New COVID-19 Guidance for Section 125 Mid-year Election Change Rules, More Options for Unused FSA & DCAP Funds

On May 12, 2020, the IRS released Notice 2020-29, which: Provides temporary flexibility for mid-year election changes under a Section 125 cafeteria plan during calendar year 2020, and Allows employers to permit employees to apply unused amounts remaining in a…
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NH Governor Sununu Issues COVID-19 Emergency Order #40

Governor Sununu announced that non-essential businesses shall continue to close their physical workplaces and facilities to workers, customers and the public until May 31, 2020. Effective immediately, businesses that are deemed essential shall comply with the Universal Business Guidelines listed…
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EEOC Updates Employer Guidance on Coronavirus and the ADA

On May 7, 2020, the Equal Employment Opportunity Commission (EEOC) issued additional answers to frequently asked questions (FAQs) about how employers should comply with the Americans with Disabilities Act (ADA) while also observing all applicable emergency workplace safety guidelines during…
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Employee Leave-Sharing Programs and Coronavirus

Employers seeking ways to help their employees during the coronavirus (COVID-19) pandemic may want to consider implementing a leave-sharing program. These programs allow employees to donate some of their accrued paid leave time, such as paid time off (PTO), vacation…
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CARES Act Allows Tax-free Student Loan Assistance

Section 127 of the Internal Revenue Code already allows employers to pay up to $5,250 per year toward employees’ qualified educational expenses—such as for tuition and textbooks—on a tax-free basis. The new CARES Act provision temporarily expands that law to…
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Return to Work Plans Following the COVID-19 Pandemic

The coronavirus (COVID-19) pandemic has interrupted many businesses across the country. While it’s unclear how long COVID-19 will continue to affect organizations, many employers are looking to the future of employees returning to work. In preparation for reopening your business…
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IRS Section 139 Qualified Disaster Relief Payments and Coronavirus

As the impact from the COVID-19 pandemic intensifies, employers around the United States are looking for ways to provide relief from the outbreak’s financial burden on employees. One option available for employers from Section 139 of the Internal Revenue Code…
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DOL Issues Updated Model COBRA Notices and New FAQs

The U.S. Department of Labor (DOL) has issued new model notices for group health plan administrators to use to comply with COBRA notification requirements, the agency announced on May 1, 2020. Although plan administrators are not required to use the…
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