On March 27, 2020, President Trump signed H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act” or the “Act”). The CARES Act makes significant changes tax related employment and employee benefits changes in the form of a number of relief provisions designed to mitigate the negative economic consequences of the novel
COVID-19
What are Non-Probate Assets and What Should I Know About Them?
When we meet with clients concerning their estate planning, we want to focus on assets such as IRA’s, life insurance policies, annuities, 401k accounts, and 403b accounts. We normally refer to these accounts as “non-probate assets”. Non-probate assets normally pass at death by way of a written beneficiary form. These forms are usually provided by…
State Bond Commission Authorizes Expedited Financial Application
The State Bond Commission has approved an expedited application process for local governments to help manage decreased revenues and increased expenses while dealing with COVID-19. The application requires a ranking official of a local government to certify that the purpose of the loan is to carry on existing essential local government functions and/or to expand…
New CMS Waivers for Stark Law, NCD, LCD and Supervision Requirements During Public Health Emergency
Physicians enrolled in Medicare are all-to-familiar with the constraints of the Stark Law which prohibits physicians from making referrals for designated health services (“DHS”) payable by Medicare when the physician (or immediate family member) has a financial relationship with the entity performing the DHS. On March 30, 2020, CMS announced a number of Stark Law…
Families First Coronavirus Response Act with Emphasis on Tax Credit Provisions
The Families First Coronavirus Response Act (“FFCRA”) was enacted as HR 6201 and signed into law on March 18th, 2020. The Act consists of three divisions which are relevant to the provision of family and medical and sick leave and providing for tax credits in connection with the mandatory family and medical and…
Deadline Extended for Filing Property Tax Forms with Assessors
Last week, the Louisiana Tax Commission issued an advisory confirming that the April 1 deadline for filing personal property tax forms with parish assessors was extended until April 13 pursuant to Governor John Bel Edward’s recent Executive Order. Separately, Orleans Parish Assessor Errol Williams extended the Orleans Parish deadline for filing property tax forms until…
CARES Act Offers Much Needed Hope to Small Businesses
Keenly aware of the enormous impact COVID-19 is having on small businesses throughout the country, in response, the Congress approved and on March 27, 2020, the President signed the “Coronavirus Aid, Relief, and Economic Security Act” (the “CARES Act”). The CARES Act is intended, in part, to provide small businesses some much needed…
Louisiana Workers’ Compensation Courts Pause – An Employer and/or Insurer’s Obligations Do Not
In the midst of the novel COVID-19 pandemic, businesses of all sectors have been impacted in some way. This includes the legal community as some courts have closed, deadlines have been postponed, legal professionals are working from home, and even new laws are being passed – please see Kean Miller’s Louisiana Law Blog for continued…
Tax and Accounting Implications of the $2 Trillion Stimulus to Assist Individuals and Businesses Impacted by the Novel Coronavirus Pandemic
On March 27, 2020, President Trump signed H.R. 748, the Coronavirus Aid, Relief and Economic Security Act (Public Law No: 116-136, the “CARES Act” or the “Act”). The CARES Act makes significant changes to the taxation of individuals and businesses in the form of a number of relief provisions designed to mitigate the negative economic…
DOL Issues Additional Leave FAQs
Overnight, the U.S. Department of Labor’s Wage and Hour Division posted additional answers to pressing questions regarding leave issues under the Families First Coronavirus Response Act. These Q&As address a number of recurring employer questions.
Documentation. One of the topics addressed by the DOL includes required documentation to support the need for leave (which the…