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SBA Unveils PPP Loan Forgiveness Application
May 27, 2020 – The U.S. Department of Treasury (Treasury) and the Small Business Administration (SBA) recently released the Paycheck Protection Program (PPP) Loan Forgiveness Application (Application) and instructions (Instructions) for small businesses to use when applying for PPP loan forgiveness with their lender.
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IRS Announces HSA/HDHP Limits for 2021
On May 20, 2020, the IRS released Revenue Procedure 2020-32 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2021.
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Middaugh Benefits in Fargo joins large Midwest insurance firm, North Risk Partners
Effective June 1, Middaugh Benefits Consulting joined North Risk Partners, one of the largest independent insurance broker and risk advisory firms in the Midwest. Middaugh’s…
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Mactavish Benefits Joins North Risk Partners
Effective June 1, Mactavish Benefits of Minnetonka, Minn. joined North Risk Partners. The Mactavish team will continue providing direct service to their clients, now with expanded capabilities…
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Handling Employee Benefits Premium Credits: Guidance for Employers
May 19, 2020 – Several benefits carriers across a number of states have announced premium credits for health or dental coverage due to COVID-19 and lower than normal claim volumes.
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Final Notice of Benefit and Payment Parameters for 2021
On May 7, 2020, the Department of Health and Human Services (HHS) filed its final Notice of Benefit and Payment Parameters for 2021.
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IRS Issues New COVID-19 Guidance for Mid-Year Election Change Rules & Health FSA & DCAPs Flexibility
On May 12, 2020, the IRS announced they are providing temporary flexibility for mid-year election changes during calendar year 2020 and more options for unused funds in flexible spending accounts (FSAs) and dependent care assistance programs (DCAPs).
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Creating a COVID-19 Return to Work Action Plan
May 7, 2020 – As states begin to reopen during the ongoing COVID-19 pandemic, many employers are preparing for their employees to return to work.
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COVID-19 Relief Extends Certain Employee Benefit Plan Deadlines
On April 28, 2020, the Department of Labor (DOL) and the Treasury (Departments) issued deadline relief to help employee benefit plans, plan participants and plan service providers impacted by the COVID-19 outbreak.
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Vacant Property Risk Under COVID-19 Executive Orders
April 22, 2020 – In the wake of most state governors issuing executive orders that require business closures to reduce the spread of COVID-19, many commercial real estate spaces have become unoccupied and may eventually be vacant.
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Employers are Recalling Laid Off and Furloughed Employees
April 15, 2020 – As employers apply for the federal government Paycheck Protection Program (PPP), a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll during the COVID-19 crisis, they are also taking action to recall their laid off and furloughed employees.
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COVID-19 Payroll Recordkeeping for FFCRA and Insurance Audits
April 14, 2020 – Employers should set up separate pay codes in their payroll system for COVID-19-related payments.
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