COVID-19 Update Employee Terminations, Furloughs, and Lay-offs


Sadly the COVID-19 crisis has forced many companies to evaluate workforce capacities and cutback their workforces in terms of reduced hours, furloughs and/or lay-offs. Among the related issues are the affected employees' benefits. We found the following article from the Alera Group helpful for employers addressing employee benefits during a temporary separation from employment and supposed many of our clients who are owner-operators might benefit from this timely information.

Read the article.

This article is being shared with permission from Marathas Barrow Weatherhead Lent LLP and Alera Group.

About the Author(s)
Hill, Barth & King LLC has prepared this material for informational purposes only. Any tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or under any state or local tax law or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Please do not hesitate to contact us if you have any questions regarding the matter.