SBA Gets More Time to Release PPP Borrower Information
A United States District Judge in Washington ordered the SBA to release the names and other information of all Paycheck Protection Loan borrowers. In WP Company…
Tax Law Insights
DOL Updates Factors For Selecting Plan Investments
On October 30, 2020, the U.S. Department of Labor (the “DOL”) released a Final Rule to “provide clear regulatory guideposts for fiduciaries of private-sector retirement…
SBA Ordered to Release Information on All PPP Borrowers
A United States District Judge in Washington has ordered the SBA to now release the names and other information of all Paycheck Protection Loan borrowers. …
SBA Requires Borrowers Who Received PPP Loans of $2 Million or More to Submit “Pre-Audit Review” Information
On October 31, 2020, the SBA released new forms and related instructions requiring borrowers with PPP loans of $2 million or more to provide additional…
COVID-19 Relief Complicates Cobra Administration
Among the many employee benefit deadlines extended due to the pandemic by joint action of the Department of Labor and the Internal Revenue Service are…
South Carolina Business License Tax Standardization Act Will Simplify Compliance
Each municipality and county in South Carolina (a taxing jurisdiction) is authorized to impose a business license tax based on the gross income of a…
If Your Retirement Plan Holds Employer Securities
Keep an Eye on the Jander Case, Part II
In March 2020, I posted a blog reviewing the evolution of the legal analysis applied to a retirement plan’s holding of “employer securities” under the…
The Countdown Begins for Lifetime Income Disclosures
The SECURE Act of 2019 made three statutory changes to ERISA regarding lifetime income benefit payments from defined contribution plans (e.g., 401(k), 403(b), profit sharing,…
SBA Issues New Rules For Appeals of Disputed PPP Audits
PPP loans under the CARES Act are being audited by the SBA. All PPP loans over $2 million will be audited, and many more under…
COBRA Litigation – 2020’s Latest Gift
The Consolidated Omnibus Budget Reconciliation Act (“COBRA”) became law on April 7, 1986. For most of its nearly 35-year history, litigation involving COBRA has been…