Cannabis and the Healthcare Workplace

  |  July 15, 2021

Healthcare

On June 29, marijuana became legal for recreational use in New Mexico. What does this mean for employers, and specifically those in the healthcare industry? Hospitals, clinics and medical offices deal with sensitive information, and deal with situations where mistakes can be deadly. Read more.
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SBA Will Withdraw Requirement for Forms 3509/3510

  |  July 1, 2021

Any Paycheck Protection Program (PPP) borrower that has already received a request for Form 3509 or Form 3510 from its lender should contact that lender for instructions on how to proceed in light of reports that the SBA will withdraw the requirement for these loan necessity questionnaires. Read more.
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Key Differences: CARES Act vs American Rescue Plan Act Funding

  |  June 21, 2021

Businessman discussing budget report at the meeting

The types of eligible costs and applicability of funding available through the CARES Act and the American Rescue Plan Act (ARPA) are quite different. It is important for tribal and civic leaders to understand the difference between the two funding streams, to ensure that their communities are able to make best use of the grant allocations. Read more.
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Risky Business: How Well Are You Managing Business Risk?

  |  May 11, 2021

If last year taught us any lessons, it’s that the world is a risky place. And not just for individuals. Businesses faced more challenges than ever before in simply conducting their work– a pandemic, local stay-at-home orders and supply chain disruptions. As professional and personal activities began to intermix on mobile devices, and social distancing...Read more.
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PPP Loan Deduction Safe Harbor Guidance Provided by IRS

  |  May 5, 2021

New guidance from the IRS and U.S. Treasury Department provides a safe harbor in line with a provision in the Consolidated Appropriations Act, 2021, signed Dec. 27, 2020. Businesses now may deduct those expenses on their original federal tax return for the first taxable year following the 2020 taxable year, rather than filing an amended return or an administrative adjustment request. Read more.
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CARES Act Loans – Correcting Potential Errors

  |  April 28, 2021

The CARES Act included many moving parts and different deadlines related to loans. As a result, many plan sponsors—or their third-party service providers—may have made errors related to participant loans, including missing important cutoff or restart dates. Plan sponsors should work with their service providers to ensure that loans are being administered accordingly—or take advantage of federal self-correcting programs to get retirement plan loans back on track. Read more.
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