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Three Phase Plan Checklist for Returning to the Workplace

In Corporate Resources, Employer Resources, Legal Updates, Personal Resources, Uncategorized by Porzio

Organizations around the country are beginning efforts to re-open offices, retail businesses, educational institutions, manufacturing facilities, and other physical locations. Interpreting requirements from varying levels of local and state governments while navigating the complexities of best practices issues by trade and industry groups is a challenge that most organizations could use help to manage.

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New Jersey Executive Order 123 Provides Grace Period for Insurance Premium Payments

In Personal Resources by Porzio

On April 9, 2020, New Jersey Governor Phil Murphy issued Executive Order 123 to provide immediate relief to insureds by prohibiting all New Jersey property and casualty insurance companies, life insurance companies, insurance premium finance companies, health insurance companies, health maintenance organizations, health service corporations and other entities issuing health or dental plans from cancelling policies or contracts for non-payment of premiums over a 60-90 day grace period.

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New Jersey Expands Leave and Insurance Benefits To Employees Impacted by COVID-19

In Employer Resources, Personal Resources by Porzio

On March 25, 2020, New Jersey passed another law to help ease the burden faced by employees who must miss work due to COVID-19. The new law allows employees affected by COVID-19 to utilize New Jersey’s Earned Sick Leave Act, Family Leave Act, Temporary Disability Insurance, or Family Leave Insurance. The most significant change to these laws is that it provides benefits to employees who must be quarantined or care for a family member who must be quarantined.

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Tax Filing and Payment Information

In Personal Resources by Porzio

The Internal Revenue Service has extended the time to file your 2019 Federal Form 1040 from April 15, 2020 to July 15, 2020. The rule extends the time to pay any tax due with the filing of your 2019 Federal Form 1040. The first quarter Federal estimated tax payment typically due on April 15, 2020 has also been extended to July 15, 2020. However, the second quarter Federal estimated tax payment due on June 15, 2020 has not been extended. The total amount of tax that can be deferred is $1 million.