Employee Benefit Plans

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PPP Loans Under $50,000

On October 8, 2020 the SBA and Treasury Department released updated rules and a new forgiveness application Form SBA 3508S…

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COVID-19 & Retirement Plans

Under the CARES Act and related Notice 2020-50 issued by the IRS, retirement plan participants affected by COVID-19 can take…

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Revised Form 941 – Employers Third & Fourth Quarter 2020 Payroll Taxes

The IRS has released a draft version of the revised Form 941 (https://www.irs.gov/pub/irs-dft/f941–dft.pdf) to be used by employers for third…

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RebuildVA Small Business Grant Program

The Commonwealth of Virginia created the Rebuild VA Small Business Grant Program to assist small businesses and non-profits that experienced…

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Monitor Overtime Pay for Your Remote Workers: DOL Guidance

Paying your employees for hours that you know they’ve worked is straightforward enough. But what if they’re doing more work…

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PPP Forgiveness – A Message to Our Clients

We know you are busier than ever trying to run your business and manage the ever-changing environment under COVID-19 mandates….

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Additional PPP Forgiveness Guidance Released

On August 11th the SBA released additional Frequently Asked Questions specifically related to the expenses eligible for PPP loan forgiveness. …

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New Regional Sales and Use Tax in Central Virginia Region

Effective Oct.1, 2020, a new 0.7% regional retail sales and use tax will be levied in localities in Central Virginia….

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ERISA Notices During the COVID-19 Crisis

Here’s a question about the timing of ERISA Group Health Plan communication during the pandemic. Q: We understand that the…

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401(k) Plan Amendments Due to COVID-19

Here’s a question from a company about waiving the required minimum distribution (RMD) requirement for their 401(k) plan participants. Q….