UPDATE October 1, 2021: US Treasury has extended the 1st reporting deadline for the Project and Expenditure Reports. Counties and metropolitan cities will submit their first P&E Report by January 31, 2022, and non entitlement units of local government (NEUs) will submit their first P&E Report by April 30, 2022. As discussed in previous posts, […]
Posts Tagged ‘American Rescue Plan Act’
American Rescue Plan Act of 2021 (ARP): US Treasury’s Reporting Requirements and Deadlines
Tuesday, August 10th, 2021American Rescue Plan Act of 2021 (ARP): Accepting Funds, Budgeting & Cash Management
Wednesday, June 16th, 2021UPDATED June 18, 2021 to provide additional information on investment proceeds of ARP Funds, based on a June 17 update from US Treasury. As detailed here and here, the federal American Rescue Plan Act (ARP) provides significant funding for NC local governments. (These funds are also referred to as Coronavirus State and Local Fiscal Recovery […]
Implementing the ARPA COBRA Subsidy and Claiming Your Tax Credit
Friday, May 28th, 2021BACKGROUND: COBRA HEALTH INSURANCE CONTINUATION COVERAGE When an employee separates from service, whether voluntarily or involuntarily, or has work hours reduced to the extent that the employee no longer qualifies for participation in the employer’s group health plan, the Consolidated Omnibus Budget Reconciliation Act (COBRA) requires employers—both public and private–to allow the employee (and beneficiaries) […]
The American Rescue Plan Act: Employers Who Voluntarily Extend FFCRA Leave May Be Eligible for Substantial Employment Tax Credits
Tuesday, March 23rd, 2021Local government employers are now eligible for credits against the social security and Medicare tax payments that they must make, if they voluntarily extend Emergency Paid Sick Leave (EPSL) and Emergency Family and Medical Leave (EFMLA leave) through September 30, 2021. Through most of 2020, governmental employers had to make the same special wage payments […]