PPP Loan Forgiveness Application
As you may have heard, late on Friday, the Small Business Administration and Treasury Department released the application (application and instructions for loan forgiveness) that borrowers will use to seek forgiveness for Paycheck Protection Program ("PPP") loans, along with detailed instructions for its completion. The 11-page application contains measures that will benefit borrowers, including an option that lets small [...]
RMI FFCRA Leave Request Form
RMI knows that you have been inundated recently with information related to both the original federal aid legislation (the Families First Coronavirus Response Act, or the “FFCRA”) and the second major piece of legislation (the Coronavirus Aid, Relief, and Economic Security Act, or the “CARES Act”). RMI has attempted to mitigate the amount of that inundation by limiting the [...]
RMI CARES Act Update
We know you have many questions regarding the recently passed CARES Act ("the Act"), specifically, what are the next steps? In an effort to keep information flowing, we will produce a series of updates over the next few days as the administrative rules are published. As usual, please seek advice from your CPA, financial advisor, and/or banker on how [...]
Paycheck Protection Program (PPP) Loan Q & A
On Friday afternoon, the U.S. House of Representatives passed the Senate version of the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act"), and President Trump signed the legislation just a few hours later. In addition to putting money directly in the pockets of many individuals, the CARES Act provides two new avenues for limiting your expenses. First, [...]
April 1, 2021 date for the Families First Coronavirus Response Act & SBA Loan Information
A couple of timely issues to report. First, the effective date of the Families First Coronavirus Response Act "the Act" has been changed from April 2, 2020 to April 1, 2020. If you are considering making staffing changes prior to the Act taking effect, those should be made by March 31, 2020. Second, our national association has hired the [...]
The Families First Coronavirus Response Act
As many of you know by now, on March 18, 2020, the Senate passed the Families First Coronavirus Response Act, (the "Act"), which was passed by the House last week. President Trump swiftly signed the legislation, which is effective on April 2, 2020. All public employers and private employers with under 500 employees are covered by the Act (the employee-count number [...]
Coronavirus and the Workplace What You Should Know
On an average day, employers are faced with multiple challenges that impact day-to-day operations, including, employee illnesses, unplanned absences, and workforce productivity. These typical challenges may be exacerbated now that cases of the 2019 novel coronavirus, or COVID-19, are in the United States. Despite this, the Centers for Disease Control and Prevention (CDC) has stated that the immediate health [...]
PPP Loan Forgiveness Application
As you may have heard, late on Friday, the Small Business Administration and Treasury Department released the application (application and instructions for loan forgiveness) that borrowers will use to seek forgiveness for Paycheck Protection Program ("PPP") loans, along with [...]
RMI FFCRA Leave Request Form
RMI knows that you have been inundated recently with information related to both the original federal aid legislation (the Families First Coronavirus Response Act, or the “FFCRA”) and the second major piece of legislation (the Coronavirus Aid, Relief, and [...]
RMI CARES Act Update
We know you have many questions regarding the recently passed CARES Act ("the Act"), specifically, what are the next steps? In an effort to keep information flowing, we will produce a series of updates over the next few days [...]
Paycheck Protection Program (PPP) Loan Q & A
On Friday afternoon, the U.S. House of Representatives passed the Senate version of the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act"), and President Trump signed the legislation just a few hours later. In addition to putting [...]
April 1, 2021 date for the Families First Coronavirus Response Act & SBA Loan Information
A couple of timely issues to report. First, the effective date of the Families First Coronavirus Response Act "the Act" has been changed from April 2, 2020 to April 1, 2020. If you are considering making staffing changes prior [...]
The Families First Coronavirus Response Act
As many of you know by now, on March 18, 2020, the Senate passed the Families First Coronavirus Response Act, (the "Act"), which was passed by the House last week. President Trump swiftly signed the legislation, which is effective [...]
Coronavirus and the Workplace What You Should Know
On an average day, employers are faced with multiple challenges that impact day-to-day operations, including, employee illnesses, unplanned absences, and workforce productivity. These typical challenges may be exacerbated now that cases of the 2019 novel coronavirus, or COVID-19, are [...]
OSHA Vaccine Rule
Earlier this month, the Biden administration announced its boldest effort yet in tackling the COVID-19 pandemic: that federal workplace safety officials will soon issue a rule that will require all employers with 100 or more employees to either ensure [...]
Employee Retention Tax Credit
As you probably know, in March 2020, Congress passed the Coronavirus Aid, Relief and Economic Security Act (the "CARES Act"), which included an employee retention tax credit (the "ERTC"). Then, in December 2020, that ERTC was extended into the [...]
Requiring Employee Vaccinations
Can I (as the employer) require my employees to be vaccinated against COVID-19? Good question. We’re already vaccinating significant portions of the population. As we continue to march towards having COVID-19 vaccines made available to all of the general [...]
Update on the ERC through the CAA
If you are wondering about the expanded Employee Retention Credit (ERC) that was recently made available through the Consolidated Appropriations Act (CAA), we have the following information to consider. This credit is only available for employers that had a [...]
Distinguished Executive Alumnus of 2020 Award
Distinguished Executive Alumnus of 2020 Award Kurt Larsen Utah State University College of Business Distinguished Executive Alumnus of 2020 Award Hear from Kurt Larsen, recipient of his year’s Distinguished Executive Alumnus Award. An Aggie, Larsen founded Resource Management [...]
Social Security Tax Deferral Update
As you probably know, on August 8, 2020, the President issued a memorandum related to delaying the employee portion of Social Security payroll taxes. Then, on August, 28, the IRS released Notice 2020-65, found here: https://www.irs.gov/pub/irs-drop/n-20-65.pdf setting forth some guidance on [...]