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Search OptionsInsightsIRS Provides Guidance on Process for Claiming COVID-19 Related Payroll Tax Credits
On March 30, 2020, the IRS issued a new tax form, and related instructions, for employers seeking to obtain advance payments of three new tax credits established under the Families First Coronavirus Response Act (“Families First Act”) and the… 
Indiana's Public Access Laws Further Suspended in Response to COVID-19
On March 16, 2020, Indiana Governor Eric Holcomb issued Executive Order 20-04, which contained certain exceptions to Indiana’s Open Door Law (“ODL”) and Access to Public Records Act (“APRA”). For further information concerning Executive Order 20-04,… 
You have been WARNed. Complying with the Worker Adjustment and Retraining Notification Act for COVID-19 Shutdowns
As many employers are considering temporarily shutting down their workplaces or laying off employees, it is important to ensure compliance with the Worker Adjustment and Retraining Notification (WARN) Act. The failure to comply could cost employers… Municipal Securities Debt Service Disclosure Obligations and COVID-19
Municipal securities disclosure obligations under federal securities law arise under (1) the antifraud provisions of Rule 10b-5 of the Securities Exchange Act of 1934 prohibiting misstatements or omissions of material fact leading to fraudulent… 
The CARES Act: Changes Posed to Health Plans and HSAs
The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) provides financial relief to employees facing economic hardships as a result of the pandemic. Below are provisions applicable to health plans and health savings accounts. Exemption… 
COVID-19 and Partial Plan Terminations
In this ever-changing economy due to COVID-19, we are receiving many questions regarding layoffs, furloughs and terminations of employment and how they impact the company’s qualified retirement plan. What is a partial plan termination?
Comparisons of the Economic Injury Disaster Loan (EIDL) and the Paycheck Protection Program (PPP)
[UPDATED APRIL 17, 2020] On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (the “Act”) which provides significant economic benefits to small businesses. Two of the most economically beneficial programs… 
State Board of Accounts Provides Guidance for COVID-19 Expenditures
On Tuesday, March 31, 2020, the Indiana State Board of Accounts (“SBOA”) issued guidance relating to the SBOA’s audit position surrounding the use of public funds during the COVID-19 pandemic. In this guidance, the SBOA acknowledged that it would… 
The CARES Act: Changes Posed to Employer-Sponsored Retirement Plans
The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) provides financial relief to employers and employees facing economic hardships as a result of the pandemic. Below are provisions applicable to qualified retirement plans.
Executive Compensation Restrictions Under the CARES Act
Companies who obtain loans and loan guarantees from the Exchange Stabilization Fund authorized by the CARES Act are subject to restrictions on executive compensation. These loans and loan guarantees are separate from relief small business employers… 
Governor Holcomb Waives More Indiana Health Care Laws in Executive Order 20-13 to Address COVID-19
On March 30, 2020, Governor Holcomb issued Executive Order 20-13 (“EO 20-13”) to remove legal and administrative restrictions affecting health care space, workforce, personal protective equipment, and telemedicine to more fully prepare for the… 
During COVID-19 Public Health Emergency, What Constitutes an “Essential Matter,” Thus Warranting a Public Meeting by Local Governmental Entities?
On March 16, 2020, Indiana Governor Eric Holcomb issued Executive Order 20-04 (the “Order”). Among other particulars, the Order directs that “Public meetings conducted pursuant to Ind. Code § 5-14-1.5 et seq. [hereinafter the Open Door Law, or… 
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