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COVID-19 resources for businesses and employers

COVID-19 resources for employers

Organizations are facing a myriad of decisions and challenges with the rapidly changing landscape on COVID-19.

We have created and curated a list of helpful resources. We will continue to add resources as events unfold.

COVID playbook for tackling the new normal

Adjusting to the new normal: Guides, best practices & other helpful tips for navigating COVID-19 and these uncharted times — September 30, 2020

In times of uncertainty, organizations need to rely on policies and processes more than ever. They provide a road map to help make quick decisions in the best interest of everyone. Get the playbook.

Tax and HR compliance alerts

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IRS guidance on executive action deferring payroll taxes — September 2, 2020

The guidance is brief, and employers will likely still have questions about whether, and how, to implement the deferral. The President’s action only defers Social Security taxes; it doesn’t forgive them. Read more about the guidance.

The possible tax consequences of PPP loans — August 13, 2020

If your business was fortunate enough to get a Paycheck Protection Program (PPP) loan taken out in connection with the COVID-19 crisis, you should be aware of the potential tax implications. Here's a look at the issue.

IRS guidance provides RMD rollover relief — July 16, 2020

IRS guidance has provided relief to individual taxpayers affected by COVID-19 who take distributions or loans from retirement plans and offers guidance to employers regarding the administration of loan relief. Read more about the guidance.

New 941 form for second quarter payroll reporting — June 24, 2020

The IRS has revised Form 941 in response to payroll reporting changes resulting from COVID-19 stimulus. Read about the revised form.

New flexibility provided in approval of PPP bill — June 5, 2020

Paycheck Protection Program Flexibility Act extends covered period, makes lending terms more favorable and addresses other details that have challenged organizations. Read about the changes.

PPP loan forgiveness application & instructions now available — May 20, 2020

Review the loan forgiveness process for PPP funds, including a new Alternative Covered Period and documentation requirements. Click to review details.

New SBA guidance on PPP good-faith certification — May 13, 2020

New FAQ addresses how SBA will review the required good-faith certification of borrowers concerning the necessity of loan requests. Review FAQ #46.

Treasury issues new FAQ for Paycheck Protection Program — May 6, 2020

The new FAQ extends the repayment date to May 14 and indicates that additional guidance is also expected from SBA. Click to review FAQs.

PPP borrowers can return funds without penalty — May 1, 2020

This alert summarizes the “good faith” certifications required by the PPP and addresses recent guidance from the Treasury Department and SBA. Click to read more.

Important IRS news on PPP expenses — May 1, 2020

IRS Notice indicates that expenses paid to qualify for loan forgiveness under PPP will not be deductible. Learn more about the notice.

Relief from not making employment tax deposits due to COVID-19 tax credits — April 14, 2020

IRS has issued guidance providing relief from failure to make employment tax deposits. Learn more about the relief.

IRS announces new COVID-19-related assistance for taxpayers — April 14, 2020

In the wake of the coronavirus (COVID-19) crisis, the IRS and U.S. Department of Treasury are providing taxpayers additional relief to ease tax burdens. Review the latest information.

Final regulations issued for FFCRA & CARES Act — April 7, 2020

DOL regulations address key provisions related to paid sick leave and family medical leave that were effective April 1. Review the latest information.

CARES Act: New options for retirement plan participants — April 3, 2020

The Act provides new benefits to retirement plan participants that meet COVID-19 eligibility requirements. Read about the new options.

CARES Act: Relief for state & local governments — April 1, 2020

Title VI outlines appropriate use of funds for providing coronavirus aid, relief and economic security during the COVID-19 pandemic. Read about the Act.

CARES Act: Paycheck Protection Program and other financing options — March 31, 2020

Act creates a new SBA Paycheck Protection Program to provide funding to qualified small businesses and certain non-profit organizations. Read about the Act.

CARES Act to provide relief for individuals, businesses and other employers — March 27, 2020

Massive stimulus bill approved to address the financial and health care crisis resulting from COVID-19 pandemic. Read about the Act.

New DOL updates on Families First Coronavirus Response Act — March 27, 2020

Department of Labor provides additional guidance for employers related to requirements of Families First Coronavirus Response Act. Read the new updates.

OMB issues Single Audit extension due to COVID-19 — March 26, 2020

Memorandum provides short term relief for administrative, financial management and audit requirements for federal awards. Read on for additional details.

Guidance issued on Families First Coronavirus Response Act — March 25, 2020

The Department of Labor issues limited guidance and additional resources following recent enactment of the Act. Read on for additional details.

Kansas extends tax filings and payments — March 24, 2020

Executive Order extends tax filing and payment deadlines to July 15, but does not defer estimated tax payments. Read on for additional details.

Latest information on federal and state extensions — March 23, 2020

Here is a recap on the latest information on federal and state filing and payment extensions. “New” information is highlighted as such in this communication. Of note, the IRS announced this weekend that any payment amount can now also be deferred. Read on for additional details.

President signs Families First Coronavirus Response Act — March 20, 2020

Act includes important provisions designed to aid the economy, support individual financial stability and curb the spread of COVID-19. Read the alert now.

Webinars

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COVID-19 has wreaked havoc on businesses. But rather than sit on the sidelines and watch, now may be the right time to get in the game to sell or transition a business. We will cover the impact of COVID-19 on the valuation process. Whether such values are depressed or inflated, there may be estate planning or transaction opportunities to take advantage of now before values rebound or changes occur with the approaching election cycle. Download the slides, listen to the presentation, or watch the presentation on AGH University.

As many organizations return back to work and begin the road to recovery, HR professionals are facing a new round of questions and issues. We will cover topics such as how to manage leave requests in a COVID-19 world (FFCRA, FMLA, ADA), including real examples; considerations for layoffs and furloughs when the PPP money runs out; and how organizations can compete for talent against unemployment benefits. Download the slides.

As the US begins to emerge from lockdown, a “new normal” in the business environment will become commonplace. In this webinar, Daniel White will address many of the common questions that businesses are currently struggling with: reintegration, what will be the "new normal", how to adapt, emerging stronger than before, and innovating for future success. Download the slides.

Join Carrie Cox as she addresses considerations for leading well during uncertain and quickly changing times. She’ll cover tips for managing employees through uncertain times, including communication strategies and tips for managing remote employees and the importance of helping employees care for their mental health and how you can help. Download the slides.

A live video Q&A event, moderated by Martin Pringle Attorney, George Bruce. Attorneys Zach Wiggins and Kate McKinney from Martin Pringle Attorneys at Law, John Trowbridge, senior vice president, business development from AGH, LC and Steve Peterson, president Wichita Bank from CrossFirst Bank with updated information about the CARES Act including:

  • Anticipated main street lending program preview
  • Payroll Protection Program update including self-employment and 1099 workers
  • EIDL implementation update
  • Payroll tax deferral provisions and employment retention credits

Join us for another round of review on the latest information from the Department of Labor on the Families First Coronavirus Response Act and CARES Act. We provide a comprehensive review of the new laws and regulatory guidance issued to date, along with implementation items needed for forms and policy updates. We also review FAQs and reserve time for attendee questions. Download the slides.

Moderated by Martin Pringle Attorney, George Bruce, panelists included attorneys Zach Wiggins and Kate McKinney from Martin Pringle, John Trowbridge, Senior Vice President, Business Development from AGH, LLC and Steve Peterson, President Wichita Bank from CrossFirst Bank. Panelists answered questions from participants and discussed the SBA loans and other assistance offered to small businesses under the CARES Act including:

  • Paycheck Protection Program (PPP)
  • Economic Injury Disaster Loans and loan advance (EIDL)
  • SBA debt relief
  • SBA express bridge loans
  • General guidance for businesses

Join AGH professionals for a review of key provisions from the CARES Act that could affect your organization's tax situation and ability to acquire financing to continue operations. Download the slides.

Join AGH professionals as they review the effects of these two acts on HR compliance, payroll, and employee benefits. The webinar will not address issues/questions related to business tax or government lending options. Download the slides.

AGH professionals will cover the implications of the new Families First Coronavirus Response Act and address questions from the audience. Download the slides.

AGH’s experienced professionals share best practices, real-life examples and address audience questions about COVID-19's effect on their organizations.

Client messages

As you likely have heard, Sedgwick County is now operating under a shelter in place order. As a professional services firm, we are considered an “essential business” and as such, remain open for business.

While a significant portion of our people are working remotely, we continue to have essential people on site during this time. We are well set up with our long-standing practice of utilizing technology, tools and processes that support remote work in order to provide our team with the ability to continue to effectively service clients and continue business operations.

Client meetings: While our office continues to be open, we are opting to limit in-person meetings in order to ensure the well-being of both our clients and employees. We are utilizing conference calls or other electronic communication tools as alternate solutions to remain in touch with you. If you need to schedule a meeting or think you need to visit our office, please contact your AGH advisor or call our main line at 316.267.7231.

Documents: Please submit documents to us electronically when possible, keeping in mind information security best practices. Contact your AGH professional to discuss the best option for electronic document submission. Alternatively, normal mailing or shipping remain an option as well.

Resources:Our professionals are closely following the COVID-19 situation as it evolves and are working to keep you informed about potential business and personal implications. Continue to check this COVID-19 Resource Page for updates and additional resources in the coming days.

Moving forward: As we monitor the evolving COVID-19 situation, we will continue to adapt our processes and keep you informed of changes that may impact you.

If you have any questions or concerns, please contact your AGH advisor.

Third-party resources

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Centers for Disease Control and Prevention (CDC):
Interim guidance for businesses and employers

This interim guidance is based on what is currently known about the coronavirus disease 2019 (COVID-19). The Centers for Disease Control and Prevention (CDC) will update this interim guidance as needed and as additional information becomes available. Read what the CDC has to say.

Kansas Department of Health and Environment: COVID-19 resource center

The State of Kansas has created a resource center for individuals, businesses/employers and more. Access the resource center here.

Cybersecurity & Infrastructure Security Agency (CISA): Coronavirus resource page

The Department of Homeland Security's CISA has a resource hub for many of the cybersecurity risks associated with Coronavirus scams and threats. Access the hub here.

Cybersecurity & Infrastructure Security Agency (CISA): Risk management for Novel Coronavirus (COVID-19)

The Department of Homeland Security's CISA has issued a PDF to help executives think through physical, supply chain, and cybersecurity issues that may arise from the spread of COVID-19. Access the PDF here.