Every employer must comply with the Families First Coronavirus Response Act, which gives two weeks of paid leave for COVID-related absences that occur between April 1 and December 31, 2020.
On June 5, the Paycheck Protection Program Flexibility Act was signed into law, extending the time period during which employers have to use the funds and have their loan forgiven.
The SBA has released their PPP Loan Forgiveness Calculation Form, PPP Schedule A, and PPP Schedule A worksheet. Your bank may have their own loan forgiveness application, but
If you did not receive a Paycheck Protection Program loan, you may be eligible for an Employee Retention Credit of up to $5,000 per employee. This credit is calculated based
If you’ve received a Paycheck Protection Program loan from the Small Business Administration, it is very important to proactively approach your use of the funds so that you can maximize
The SBA’s Paycheck Protection Program works through local banks to support small businesses and non-profits with a forgivable loan to cover eight weeks of payroll, rent and utilities. Each recipient
If you’re using QuickBooks 2017 or earlier, you may have received notices about your software support being discontinued at the end of May. Support for QuickBooks 2017 will end on
The third legislation, the CARES Act includes a program that provides resources for small businesses and non-profit organizations to keep their employees on their payroll. The funding is in the
The first legislation to address the current pandemic dealt with preparedness and federal agencies. The second bill, the Families First Conoravirus Response Act, requires all employers to offer up to
First of all, your safety and public health! As our usual ways of gathering and working have drastically changed in this pandemic, we have had to adapt quickly. Although our