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15Jan 21

COVID-19 Update January 15, 2021

Happy Friday! Over the past two days, president-elect Joe Biden has given us a preview of how he will spend his first 100 days in office. Last night, he unveiled a $1.9 trillion stimulus plan that offered a wish list of spending measures meant to help both the people and the economy recover from the COVID-19 pandemic. Biden spoke of sending another round of $1,400 checks for households that meet certain income thresholds, supplementing unemployment insurance with an extra $400/week,…

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14Jan 21

COVID-19 Update January 14, 2021

Yesterday, the House of Representatives voted 232 to 197 for a historic second impeachment of President Trump, charging him with “incitement of insurrection” for his alleged role in the events of last week. The Senate is currently on a recess break and is set to reconvene Tuesday – one day before President-elect Joe Biden’s inauguration. Senate Majority Leader Mitch McConnell said the Senate trial would not be rushed and concluded, "There is simply no chance that a fair or serious trial…

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11Jan 21

COVID-19 Update January 11, 2021

Today, the official application and top-line instructions for the second round of PPP loans were released to the public. If you’re a first-round PPP loan applicant, there is similar info available, so if you need those, please let us know, and we will be happy to send them your way. Furthermore, we received some clarifications on the Earnings Retention Tax Credits (ERTC), including the various parameters to determine eligibility for the 2020 tax credits vs those allowed in 2021. First,…

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08Jan 21

COVID-19 Update January 8, 2021

Happy Friday! We have lots of information to share today after spending several hours on calls and webinars trying to verify the points of the latest stimulus package passed in December. If you have questions on the below information, please reach out to our team at Delta. The U.S. Small Business Administration (SBA) and Treasury issued guidance Wednesday night for the reconstituted Paycheck Protection Program (PPP) with a March 31, 2021 deadline. The guidance included two interim final rules (IFRs).…

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06Jan 21

COVID-19 Update January 6, 2021

The year is already off to a rocky start as far-right extremists stormed the United States Capitol earlier today in DC, interrupting the count of electoral college votes. The House and Senate chambers are being cleaned so the full Senate and House can resume proceedings as soon as 8pm tonight. Our thoughts and prayers go out to the families of those elected officials and their staff whose lives were put in harm’s way. There is no excuse for violently taking…

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04Jan 21

COVID-19 Update January 4, 2021

Congratulations! You made it through your first workday of 2021. Now that we are able to put 2020 behind us, we can start looking forward to the end of the COVID-19 pandemic as the next phase of community members begin to receive the vaccine this week. It is our belief that once both doses have been distributed, the economy should start to heal itself with more certainty for the future adding to people’s confidence. Being based in New Orleans, as…

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22Dec 20

COVID-19 Update December 22, 2020

The country breathed a collective sigh of relief last week when the first doses of the Pfizer-BioNtech COVID-19 vaccine were shipped out to all 50 states. Following shortly behind, the first doses of the Moderna vaccine were shipped out this week. This article addresses the likely considerations and guidance that will be used in determining the priority for distribution of the vaccine and provides steps employers can take now to prepare for the next steps on the roll-out. Yesterday, Congress…

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21Dec 20

COVID-19 Update December 21, 2020

Congress has finally struck a long-sought stimulus deal to provide over $900 billion in pandemic aid. This massive omnibus bill will keep the government funded for the remainder of the fiscal year. The House is not expected to vote on the package until later this evening, setting up a late night in the Senate with a midnight deadline. Hopefully, given the months of negotiations leading up to this vote, a quick turnaround should not mean that Congressmembers didn’t take the…

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