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Updated April 9, 2020
First, please note this is not related to tax law, this is HR and labor law related. Our firm cannot provide labor law advice, so you should consult with a labor law attorney on any employment matters. Our goal is to share resources that we hope will be useful for our small business clients.
We are closely following a number of law firms and HR firms and the guidance they are providing. One of these sources is Paul Edwards, with CEDR HR Solutions. Attached are our notes from a webinar Paul conducted in regards to effecting a layoff/rehire strategy, as of 3-21-20. These notes are a good faith summary of the information CEDR is providing, cannot be relied upon as definitive information, and are not advice from Beaird Harris.
The big question is whether you should lay off employees now or wait a few days to see what new legislation comes out to help small businesses. Congress is working on a bill as we speak that could offer substantial resources to business owners to pay employees and avoid layoffs. This could pass as soon as tonight or could take days. And once that happens, it will take time to sort through it and understand how it works.
Resources Related to HR/Employee Issues:
No Professional Advice, Client Relationship, or Reliance on Information
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