AHP Articles - Andrews Hooper Pavlik PLC

Created: Tuesday, April 7, 2020

CARES ACT Changes Retirement Plan and Charitable Contribution Rules

The Coronavirus Aid, Relief, and Economic Security (CARES) Act contains a variety of relief, notably the “economic impact payments” that will be made to people under a certain income threshold. But the law also makes some changes to retirement plan rules and provides a new tax break for some people who contribute to charity.

Created: Thursday, April 2, 2020

Changes in Unemployment Benefits for Michigan Workers

In the wake of the Coronavirus Aid, Relief, and Economic Security (CARES) Act being signed into law, Governor Whitmer signed an agreement between Michigan and the U.S. Dept. of Labor to implement Pandemic Unemployment Assistance and Compensation programs. This article includes details on the agreement and the new unemployment filing schedule.

Created: Wednesday, April 1, 2020

Payroll Protection Program Offers Loans to Small Businesses to Keep Americans Employed

The Paycheck Protection Program (PPP) aims to help Americans stay employed by offering forgivable loans to small businesses to assist with payroll, rent, mortgage interest, and utilities. The opportunity to apply for the PPP is coming up soon and we wanted to provide you with a brief overview of the program and a list of resources.

Created: Monday, March 30, 2020

Federal Loan Programs and Tax Incentives for Small Businesses Impacted by COVID-19

Assistance to small businesses impacted by the COVID-19 pandemic was specifically addressed in the recently signed CARES Act via federal loan programs and tax incentives. Included in this article is a summary of the loan provisions put into place by the CARES Act.

Created: Monday, March 30, 2020

CARES Act Provides Relief for Individuals and Businesses Negatively Impacted by COVID-19

President Donald Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law on Friday, March 27, 2020. The purpose of the CARES Act is to provide relief for individuals and businesses who have been negatively impacted by the COVID-19 pandemic.

Created: Thursday, March 26, 2020

Considerations for When Your Business Must Lay Off Employees

Some businesses may find the need to lay off workers due to the Governor’s stay at home order. The Unemployment Agency has suggested that employers place employees on temporary unpaid leave as opposed to termination.

Created: Wednesday, March 25, 2020

Families First Coronavirus Response Act

The IRS and US Department of Labor have announced refundable payroll tax credits that will provide dollar-for-dollar reimbursement for small and midsized employers (employers with fewer than 500 employees) providing paid leave for employees affected by COVID-19 between the effective date of April 1, 2020 and December 31, 2020.

Created: Tuesday, March 24, 2020

How to Manage COVID-19-Related Business Risks

The coronavirus (COVID-19) outbreak has had a crippling effect on the global economy. This is clearly uncharted territory. As millions around the globe do their best to minimize their exposure to the virus, business owners and managers face an uncertain and stressful future.

Created: Monday, March 23, 2020

Federal and State Tax Filing Deadlines Moved to July 15

On Friday, March 20th, Treasury Secretary Steven Mnuchin announced that the federal tax filing deadline would be moved from April 15th to July 15th.

Created: Tuesday, March 3, 2020

Is Your Family Medical Leave Policy Up-to-Date?

The Administrator of the Department of Labor's Wage and Hour Division (WHD) periodically responds to new Family Medical leave Act (FMLA) compliance questions from employers and employees. Notable ones are posted for the benefit of people facing similar situations. This article contains a sampling. A recent case deals with whether an employee's time away from work to attend regular meetings at her children's school qualifies as FMLA-sanctioned leave. The meetings were with school officials to discuss the special needs of the children and appropriate ""individualized education plans.