It was the most wonderful time of the year! – August Business Law Recap

If you are a parent, this was the most wonderful time of the year because kids went back to school.  However not a day goes by where one of the following terms pops up in conversation:  hybrid, virtual, cyber, home and for the few, full-time in person.

With guidance being constantly updated and many school districts changing in reaction, it is no wonder there is a whole bunch of confusion and frustration.  I won’t even go into a betting pool to be all virtual (my bet is one month from school opening if that’s worth anything).

Keeping this in mind, I thought it may be helpful to put some Covid-related FMLA and FFCRA refreshers in this update for those businesses who have employees with kids that are not back to school full time:

COVID 19 & FMLA – This is a good FAQ from the Department of Labor
Back to School and FFCRA – A good Families First Coronavirus Response Act overview from the National Law Review.

There are also helpful tools for employers at the resource pages below:

• US Chamber of Commerce Resource Page
• NFIB
• RKL CPA
• StambaughNess CPA
• EisnerAmper CPA

Good luck with the start of the school year.  I hope I don’t have to write the same subject this time next year.

A few other items we thought were of interest:

• Trout CPA PPP Forgiveness Filing Video:  For those that are applying for PPP forgiveness, we found this presentation from Trout CPA to be helpful
• Warren Buffett on Teaching Kids About Money – Thanks for Larry Moskowitz from Certified Financial Services for sending over this article.
• Bankruptcy Updates from Rob Bovarnick (rbovarnick@rbovarnick.com)– It’s an unfortunate reality, but the following “Behind the Curtain – Chapter 11 From Inside” updates he publishes at Forbes.com are very helpful
  • Chapter 1 – Overview
  • Chapter 2 – The Initial Meeting
  • Chapter 3 – Prefiling
  • Chapter 4 – First Day Motions
  • Chapter 5 – The Automatic Stay
• The Election and Taxes – Brian Luster (brian.luster@collectivefo.com) from Collective Family Office published a helpful overview of the impact of the tax plans which could be implemented depending on who wins the Election.
• August Economic Update – Here is the August update from Rob Teeter at Silvercrest Asset Management Group.  Thanks to Sean O’Dowd (sodowd@silvercrestgroup.com) for sending it over.

Please see all of our prior updates at the this link or if you would like to be added to our email list, please click here.