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Tag: COVID

U.S. Supreme Court Halts Private Employer Vaccine Mandate

By Lisa Calick, Director, HR Advisory The U.S. Supreme Court has halted enforcement of the Biden Administration’s vaccine mandate, citing that the Occupational Safety and Health Administration (OSHA) overstepped its authority. This mandate would have required private employers with 100 or more employees to ensure that their workers are vaccinated or adhere to weekly testing if unvaccinated. In doing so, the case returns to the 6th U.S. Circuit Court of Appeals for consideration. The...

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2021 Year-End Tax Planning for Businesses

By Nicole DeRosa, CPA, MAcc, Senior Tax Manager As the U.S. entered 2021, many assumed that newly elected President Joe Biden along with Democratic majorities in the House and Senate would swiftly enact tax increases on both corporations and individuals to pay for the cost of proposed new infrastructure and social spending plans, potentially using the budget reconciliation process to do so. Since then, various versions of tax and spending measures have been negotiated and...

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New York Employer Mask/Vaccine Mandate

By Lisa Calick, Director of HR Advisory Services A new announcement by New York’s Governor Hochul on Friday, December 10 brings immediate requirements to New York State businesses.  In an effort to stop the rising number of COVID-19 cases and hospitalizations in the state, the Governor announced that effective December 13, employees and patrons of New York businesses must wear a mask indoors unless the business requires proof of vaccination as a condition of entry.  This mandate...

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Heads Up, Restaurants: Federal Relief Could Trigger a Single Audit

By Arnold Macalintal, Partner Since the outbreak of COVID-19, the restaurant industry has been one of the hardest hit by the pandemic’s impacts, leading to spikes in business closures, continued capacity limitations, and unprecedented loss in both jobs and sales. However, many establishments were able to keep their doors open and continue to serve customers throughout the course of the pandemic with the help of federal aid issued through the CARES Act programs, Restaurant...

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Biden’s Announcement on Employer Vaccine Mandates

By Lisa Calick, Director, HR Advisory Employers have been grappling with whether to enforce vaccine mandates in their companies, however President Biden’s recent Executive Order may now take that decision out of their hands. Late last week, the President announced his multi-level strategy for combatting the continued spread of COVID-19 – a key piece of which includes sweeping vaccine mandates for many employers. The mandate for private employers affects those with 100...

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What You Need to Know About the HERO Act

By Lisa Calick, Director, HR Advisory Private employers with worksites in New York State will soon need to comply with the New York Health and Essential Rights Act (HERO Act), recently signed into law by Governor Cuomo.  This Act mandates all employers to adopt a written plan that meets minimum standards that are designed to combat the spread of infectious disease in the workplace. The New York State Department of Labor has published a model standard and model template...

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The Masks are Off! …Or Are They? 

By Lisa Calick, Director, HR Advisory Business leaders are grappling with how to manage company practices regarding mask mandates and vaccinations. The CDC’s recent announcement that fully vaccinated individuals do not have to wear masks or social distance, except in limited circumstances, is welcome news to so many people.  Employers need to tread carefully, however since many states and localities have their own legislative requirements that companies may still need...

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New York State Paid Leave for COVID Vaccine

By Lisa Calick, Director, HR Advisory New York State employers will now be required to provide paid leave to employees who receive the COVID vaccine.  The recently passed legislation, already signed into law by Governor Cuomo, takes effect immediately and ends December 31, 2022. The new law requires all employers in New York State to provide their workers with a “sufficient period of time, not to exceed four hours”, for each injection.  Employees must be paid their regular...

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Biden Administration Targeting PPP Aid to Smallest Businesses – 2 Week Delay Starting Wednesday Morning

By Travis Miskowitz, Manager, CFO Advisory Early Monday morning, the Biden Administration announced it is instituting a 2-week period targeting Paycheck Protection Program (PPP) loans to small businesses only. The temporary freeze goes into effect Wednesday morning beginning at 9:00 am, and only small businesses with 20 or fewer employees will be eligible to apply for a PPP loan for the next 2 weeks. The move by the current Administration is an effort to provide much-needed funding...

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Straight Outta Congress: How to Maximize the Employee Retention Credit (ERC) & Paycheck Protection Program (PPP)

By Travis Miskowitz, Manager, CFO Advisory This is a developing story; updates will be published as additional information becomes available. Update: March 3, 2021 As we enter March, we would like to remind our clients and friends that they may be eligible for 2 very beneficial programs: Employee Retention Credit (ERC) and a 1st Draw or 2nd Draw PPP loan. The ERC is a refundable credit which can now be claimed retroactively by PPP borrowers to 2020 if the company meets 2 main eligibility...

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