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Among other measures aimed at easing student loan burdens during the coronavirus pandemic, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) includes a provision that temporarily allows employers to make tax-free payments of up to $5,250 toward their employees’ student loans. Under this provision, employer payments toward their employees’ qualified educational loans between…

(May 7, 2020) As we continue to move into May, our communities step down their orders and open many business operations. On Monday, the City of Branson lessened restrictions and are using the State of Missouri Guidelines. On Thursday, the City of Springfield and Greene County further reduced the restrictions allowing gathering at churches, theaters,…

On Thursday, April 23, 2020, the U.S. House of Representatives voted on and passed the newest coronavirus aid bill, which includes funding for small businesses, hospitals and coronavirus testing. The bill now heads to President Donald Trump, who indicated he will sign it into law quickly. What is included in the new bill? The bill…

(April 10, 2020) As we move into the second month of the COVID-19 pandemic, there are some key issues, frequently asked questions, and insurance policy changes that are developing. We wanted to provide you with several that we feel are important. As always, reach out to us with questions, clarification or advice. HEALTH INSURANCE: Many…

(April 3, 2020) Ollis/Akers/Arney’s vision statement is “protecting tomorrow, today”. That vision goes far beyond the simple placement and servicing of insurance policies. In assessing the risks brought on by the emergence of the COVID-19 virus, we quickly determined that cash flow and the ability for businesses to navigate financial duress will soon become critical.…

A concise, accessible, easy to understand resource to help answer financial questions related to the COVID-19 pandemic. Latest Developments HR Consulting Newsletter - March 27, 2020 Understanding the $2 Trillion Stimulus Package SBA Paycheck Protection Program Guide Insurance Financing & Savings Opportunities State of Missouri Guidance on Insurance - On March 18, 2020, Governor Parson…

(March 27, 2020) This week has been full of changes: Shelter in Place Orders, Families First Legislation and passage of the CARES Act. We’ve included all of these in one Easy to Reference Document. The new “Shelter in Place” orders were passed by each County or Municipality. Since the State of Missouri has chosen to…

The Coronavirus (COVID-19) pandemic has put a major strain on every aspect of daily life around the world, including the United States. As spread of the disease shows no sign of slowing down, there is a steadily increasing concern in the United States regarding the health and wellness of not only our citizens, but the…

March 23, 2020 As we begin our week, we thought it was important to provide you with an update. We realize you are receiving many updates from many sources. Our goal is to provide you with timely, meaningful information, tools and resources. Ollis/Akers/Arney implemented our business contingency plan last week (Monday). We are fully operational,…

On March 18, 2020, President Trump signed into law the Families First Coronavirus Response Act, which goes into effect on April 2, 2020. The new law imposes sweeping new emergency paid leave and expanded family medical leave requirements for employers nationwide. Here is a summary of the key provisions affecting employers: EMERGENCY PAID SICK LEAVE…