• Josh Osborne & Alexandra Ifrah

    DOL Releases Model Notices for ARPA COBRA Premium Subsidy

    April 8, 2021
    On March 11, 2021, President Biden signed into law a comprehensive stimulus package titled the American Rescue Plan Act of 2021 (ARPA) that includes assistance in the form of a 100 percent COBRA premium subsidy to “assistance eligible individuals” for a period of up to six months. Although ARPA went into effect on April 1, 2021, employer implementation of the new law has been delayed pending the release of the model notices by the Department of Labor (DOL). However, on April 7, 2021, the DOL issued the model notices to be used by employers to satisfy the notice obligations imposed by ARPA along with a set of FAQ’s that provide some clarifying guidance. Now that the model notices have been released, employers should begin taking steps toward satisfying its obligations under ARPA.
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  • Madeline O. McElhanon

    PPP Application Deadline Extended

    April 2, 2021
    The PPP Extension Act, signed by President Joe Biden on Tuesday, extends the deadline for PPP applications to May 31, 2021. The Act also provides that the SBA will have until June 30, 2021 to process applications. While applicants now have an additional two months to apply for a first or second draw PPP loan, the Act does not provide any additional funding for the current round of PPP. As of March 28, 2021 the SBA has disbursed around $734 billion of the $806 billion appropriated by Congress to the program.
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  • Coronavirus Alert

    Relief Comes for Funeral Related Expenses

    April 1, 2021
    Beginning today, under the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 and the American Rescue Plan Act of 2021, the Federal Emergency Management Agency (FEMA) will provide financial assistance for COVID-19 related funeral/cremation expenses incurred after January 20, 2020.
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  • Legal News Alert

    Masks in the Workplace - What Businesses Need to Know

    March 30, 2021
    Governor Asa Hutchinson announced today the statewide mask mandate will be lifted effective immediately. Our labor and employment attorneys have put together some much needed guidance in the form of frequently asked questions to help business owners understand how this affects their place of business and current requirements set for employees and customers.
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  • Firm News

    Firm Announces Friday Forward Fellowship to Promote Equity and Inclusion in Law Schools and the Legal Profession

    March 29, 2021
    Friday, Eldredge & Clark, LLP is proud to announce the establishment of the Friday Forward Fellowship. The program was created by the firm’s Diversity, Equity & Inclusion Committee with the goal to increase the number of law school students from diverse backgrounds. Recognizing that diversity includes many human differences such as race, ethnicity, sexual and gender identity, military service, socioeconomic status, faith and beliefs, disability status, immigrant upbringing, and other conditions, we are committed to seeking out these populations in Arkansas colleges and universities to provide financial support and mentorship with the goal of inspiring a more diverse representation in the Arkansas legal profession.
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  • Robert Smith & Madeline McElhanon

    Paycheck Protection Program & Tourism Industry (March 4, 2021)

    March 24, 2021
    The Arkansas Hospitality Association hosted a webinar to educate their members on potential loans available through the Paycheck Protection Program. Friday, Eldredge & Clark Attorneys Robert T. Smith and Madeline O. McElhanon addressed recent updates to the program and discussed its application to the travel and tourism industry.
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  • Tax News Alert

    IRS Announces Tax Day Extended to May 17

    March 18, 2021
    The Treasury Department and Internal Revenue Service issued the following press release yesterday announcing the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing formal guidance in the coming days.
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