DoD’s Updated Cybersecurity Rules Can Block Your Next Government Contract Award or Renewal
Aware of the instability of self-certification under DFARS
Before You Submit Your Phase 3 PRF & PPP Application
Phase 3 PRF Key Takeaways To Consider Now
Providers who have previously received or are expecting to receive HHS Provider Relief Funds (PRF) should read this before submitting their Phase 3 applications, as well as providers who are preparing to submit Paycheck Protection Program (PPP) loan forgiveness applications. Applying different funding sources to cover the same cost is prohibited.
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Phase 3 Provider Relief Fund (PRF)
HHS Issues $20 Billion in Phase 3 Provider Relief Funding
Earlier this month, the Trump Administration announced that an additional $20 billion will be made available for healthcare providers who are on the first line of defense against the coronavirus. A range of providers will be able to apply for this funding starting on October 5th, 2020 including previously ineligible providers. This round of funding considers financial losses and changes in operating revenues and expenses caused by the coronavirus. Furthermore, providers who have already received PRF dollars are still encouraged to apply to Phase 3 for additional payment opportunities.
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D.C. Small Business Resiliency Fund
Is Your Small Business Eligible for the Recent D.C. Grant of $10,000?
Just this morning, the application window opened up for small businesses to apply to the Small Business Resiliency Fund. This fund is an element of D.C.’s comprehensive effort to assist businesses with operations as they bob and weave through the weeds of the COVID-19 pandemic. The fund aims to protect people, assets, and presence and will contribute $3 million in emergency operational funding.
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Ripple Effects of COVID-19 on the Construction Industry
Fluor Hits the Floor – $1.7B Loss: A Wakeup Call for the Construction Industry
The Texas-based construction company Fluor recently announced its 2019 financial results, revealing staggering figures brought on by the COVID-19 pandemic. This case sheds light on harsh truths and the new reality for the construction industry. Here’s what else you need to know:
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How To Monetize Receivables When Payors Are Slow
Many business owners encounter difficulties obtaining prompt payment from customers. Such situations can make it hard for a company to turn a profit or even keep up with its expenses.
When things get really tough, you might want to consider monetizing your receivables. Doing so is far from an ideal first step to remedying slow cash flow, but the strategy may be feasible under some circumstances.
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Offer FSAs to Employees? You May Need to Act Before Year End
During this pandemic year, many employees have relied on flexible spending accounts (FSAs) to pay for health care and dependent care costs. This includes expenses related to COVID-19. Employers that offer employees FSAs also reap several benefits. But if you offer employees FSAs, it’s important for both employers and employees to keep abreast of the latest changes, including those that may affect important decisions before the end of 2020.
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Monitor Overtime Pay for Your Remote Workers: DOL Guidance
Paying your employees for hours that you know they’ve worked is straightforward enough. But what if they’re doing more work than you think they are — or more than you’ve asked them to do? As federal regulations state, “Work not requested but suffered or permitted is work time” and, thus, must be compensated.
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HHS Announces New Provider Relief Fund Reporting Requirements
Medical Providers to Follow These New PRF Reporting Requirements
If you are a medical provider that received more than $10,000 in Provider Relief Fund payments, then this message is for you.
As of Saturday, September 19, 2020, the United States Department of Health and Human Services (HHS) released its Provider Relief Fund (PRF) Reporting Requirements detailing how medical providers who received more than $10,000 in PRF payments will be obligated to follow post-payment reporting requirements to report their use of funds.
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Employment Practices and Benefit-Related Liability
Employment practice disputes are a rapidly growing reason for civil lawsuits in the United States. A recent white paper from Advisen (a research firm for the insurance industry) shows that, in the last two decades, certain types of employment lawsuits have risen a whopping 400%. Examples include cases involving:
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