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 [...]
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 [...]
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 [...]
RMI video regarding the PPP
We hope that you and your employees continue to be safe and healthy during this trying time. To compliment the regular updates on the different legislation that has been passed to assist businesses (and the PPP loan aspect [...]
New Regulations Affecting Clients with PPP Loans
For those of you that have secured a PPP loan through your lender, you may have heard that there are now approved regulations affecting the time period and qualifying costs to be eligible for loan forgiveness. Generally, these appear [...]