On the heels of the Office of Management and Budget’s (OMB) memorandum encouraging agencies to consider requests for equitable adjustment (REAs) for increased costs related to COVID-19, the U.S. Department of Defense (DOD) issued a similar memorandum for defense agencies on March 30, 2020. (Our summary of the OMB memo can be found here.) The […]
US Department of Labor – Paid Sick Leave Provisions
The US Department of Labor (“DOL”) issued notice that covered employers are required to share regarding the recently passed paid sick leave provisions. That notice can be found here: https://www.dol.gov/sites/dolgov/files/WHD/posters/FFCRA_Poster_WH1422_Non-Federal.pdf If you are an employer with fewer than 500 employees, you are covered by these new provisions subject to possible exemptions. These leave benefits become […]
Covid-19 Helpful Links & Resources
For Businesses in the Commonwealth of Virginia: ORDER OF THE GOVERNOR AND STATE HEALTH COMMISSIONER – Order of Public Health Emergency Two The Governor and State Health Commissioner hereby issue this Order prohibiting all inpatient and outpatient surgical hospitals licensed under 12 VAC 5-410, free-standing endoscopy centers, physicians’ offices, and dental, orthodontic, and endodontic offices […]
COVID-19 – Credit Facilities and Economic Uncertainty
As COVID-19 continues to stir economic uncertainty, businesses are concerned about possible defaults under their credit facilities and some businesses may want to consider how they are using credit vehicles to support ongoing operations. OFP Shareholder Michelle DiCintio discusses some factors businesses may want to weigh in the coming weeks. OFP COVID-19 Response Team: Clearly, […]
NEW OMB GUIDANCE ENCOURAGING FOR GOVERNMENT CONTRACTORS
In an attempt to mitigate the unfolding COVID-19 public health emergency, state and local governments have started issuing “lockdown” or “stay-at-home” orders. Generally, the state lockdown orders have directed that all businesses utilize telecommuting or work-from-home procedures to the maximum extent practicable. Where telework is impractical, some states are only permitting essential businesses to remain […]
Is your work or business considered “essential”?
U.S. Department of Homeland Security Cybersecurity & Infrastructure Security Agency (CISA), the U.S. Department of Defense, and other agencies have issued guidance on industries and workers “essential” to critical infrastructure. They recommend these businesses remain open and prioritized for continuous operations. Industries include: medical and healthcare, telecommunications, information technology systems, defense, food and agriculture, transportation […]
Covid-19 Business Checklist
COVID-19 is creating unprecedented business disruptions around the globe, and it is important to take this situation seriously. Acting with urgency is crucial, but having a plan of attach will mitigate confusion down the road. We recommend focusing on two main points: 1. Health and Safety of Your Office and Your Team: Your health and […]
Covid-19 Resources
OFP Covid-19 Articles Other Helpful Links OFP’s COVID Response Team is ready to assist clients, businesses and individuals as the world adjusts to the disruptive effects of the COVID-19 pandemic. Our attorneys are prepared to help you find creative solutions that help you weather these unprecedented times. Response Team Lead Attorney: Bruce Blanchard Direct […]
IRS Extends Tax Payment Deadline
Businesses and individuals now will have until July 15 to file and pay their taxes. This means that you have an additional three months to plan and prepare your returns without having to incur penalties or interest on up to $1 million in tax owed. Businesses will have the same time period to pay amounts […]