Employer Tax Credit Availability Certain employers may be entitled to a tax credit against employment taxes if the operation of the employer's trade or business is fully or partially suspended during the calendar quarter due to orders of a governmental authority that limited commerce, travel, or Continue Reading
NCUA Provides Guidance to Federal Credit Unions to Navigate Through the Pandemic
These are unique times for credit unions along with many other businesses. In addition to being responsive to concerns from members about mortgages, car loans, and other debts they owe the credit union, the credit union has regulatory issues and concerns of its own. The NCUA recognizes that Continue Reading
Remote Witnessing and Notarizing Is Now an Option for Estate Planning Documents
On April 9, 2020, Gov. Bill Lee issued Executive Order No. 26, which temporarily suspends the requirement for "in person" witnessing and notarization of certain documents including Wills, Trusts, Powers of Attorney, and Deeds, from April 10, 2020, through May 17, 2020. Documents Continue Reading
Federal Reserve Interim Rule Regarding Bank Capital Requirements
On April 9, 2020, the Federal Reserve Board issued an immediately effective, interim final rule updating banking regulations to neutralize the regulatory capital effects of participating in the Paycheck Protection Program Lending Facility (PPPL Facility). The goal of the new rule is to Continue Reading
Federal Reserve Makes Additional Money Available to Small and Mid-Sized Businesses
On April 9, 2020, the Federal Reserve announced the details of the Main Street Lending Program (the Program), which is a lending program authorized by the CARES Act for purposes of supporting the economy during the COVID-19 pandemic. Under the Program, up to $600 billion will be provided to eligible Continue Reading
Stark Law Waivers Issued During the COVID-19 Outbreak
On March 30, 2020, in response to the COVID-19 pandemic, the Centers for Medicare and Medicaid Services (CMS) issued blanket waivers on certain sanctions under the physician self-referral law, also known as the "Stark Law." These waivers were issued to provide physicians and providers greater Continue Reading
Federal and State Governments Act to Facilitate Use of Telehealth During COVID-19 Pandemic
Telehealth Waivers and Flexibility As health care providers across the country take steps to initiate or increase use of telehealth to provide patient care while complying with “social distancing” or “shelter in place” directives, federal and state governments have taken numerous steps to Continue Reading
Separate Funding for CMS AAPP and $100 Billion in Loans Under CARES
Late on April 7, 2020, the Centers for Medicare and Medicaid Services (CMS) issued a press release announcing that it has delivered nearly $34 billion in the past week to health care providers on the frontlines battling the 2019 Novel Coronavirus (COVID-19) through its expanded Accelerated and Continue Reading
Proactive Steps for Businesses with Potential COVID-19 Losses
Regardless of size or type, it's important for businesses to consider having insurance policies reviewed for potential COVID-19 claims. Hopefully the insurance your business carries may provide some relief for the impacts of COVID-19. Policies may include coverage for general risk, business Continue Reading
Estate Planning Weekly COVID-19 Update – 04.07.20
This weekly COVID-19 update is brought to you by our Chambliss Estate Planning team. We are sharing articles, legal developments, external resources, and tips for coping during these uncertain times. Each weekly issue will cover various trends of vital interest in the world of estate planning, elder Continue Reading