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SSG Insights | August 6, 2021

FFCRA Leave Credits Apply for COVID-19 Immunization of Others

The IRS has updated its frequently asked questions on employer tax credits for employee leave under the Families First Coronavirus Response Act. This Legal Update addresses the revisions to the FAQs.

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SBA Simplifies PPP Loan Forgiveness With New Direct Portal

The SBA recently announced the opening of the PPP Direct Forgiveness Portal, which is intended to simplify applications for loan forgiveness for the smallest PPP borrowers. This portal will allow borrowers with loans of $150,000 or less through participating lenders to apply for forgiveness directly through the SBA. This advisor explains further.

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July 2021 | Compliance Recap

July 2021 was a quiet month in the benefits industry; however, the U.S. Departments of Health and Human Services, Labor, and Treasury, along with the Office of Personnel Management issued an interim final rule (IFR) to explain provisions of the No Surprises Act (the Act) that passed as part of sweeping COVID-19 relief legislation.

Additionally, the IRS released Notice 2021-46 to clarify lingering questions employer plan sponsors and other interested parties have been asking since the ARPA became law in March 2020.

Download the full Compliance Recap to learn more about the Final Rule and additional IRS guidance on the American Rescue Plan Act of 2021.