Month: May 2020
What To Do If Employee Tests Positive For COVID-19
As the pool of “essential workers” continues to grow and Illinois continues to move through the phases of Governor J.B. Pritzker’s Plan to Reopen Illinois, it is important that employers establish procedures to prevent the spread of COVID-19 in the event an employee tests positive. Implementing procedures to address this scenario will protect your employees
PPP LOAN FORGIVENESS GUIDANCE
On Friday, May 15th, the Small Business Administration (the “SBA”) released an application for borrowers of the Paycheck Protection Program (“PPP”) loan to use to determine the amount of the loan that may be “forgiven” by their lender. As you may be aware, PPP loans are based upon 2.5 times the company’s average monthly payroll
Illinois Employers Must Provide Sexual Harassment Prevention Training By December 31, 2020
Illinois employers must provide annual sexual harassment prevention training. The Illinois Legislature amended the Illinois Human Rights Act (“IHRA”) to create this requirement, as well as expand the class of persons protected by harassment laws, impose reporting requirements, and limit the use of confidentiality clauses. The law also required the Department of Human Rights (“IDHR”)
Real Estate Tax Relief to Illinois Businesses and Homeowners
On May 13, 2020 we released an article illustrating Cook County Board President, Toni Preckwinkle’s, intent to present to the County Board an ordinance which would waive the assessment of interest and late fees for late payment of real estate taxes through October 1, 2020. As predicted, the County Board approved the ordinance during its
Paycheck Protection Program – Small Business Association to Review Appropriateness of Some Loans and Loan Limits for Corporate Groups
Earlier this week the Small Business Association (“SBA”), in consultation with the U.S. Department of the Treasury (“Treasury”), released updated FAQs and a new Interim Final Rule (“IFR”) to provide guidance on uncertainties that were common among many PPP borrowers. First, on April 29th the updated FAQs confirmed U.S. Secretary of the Treasury, Steve Mnuchin’s,