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
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
The 2020 rate for employee use of a personal vehicle is 57.5 cents per mile. Each year, the IRS releases mileage reimbursement rates for the coming year. This is the rate
The Pension Boards of the United Church of Christ has just added an HSA-approved Plan to its Health Plan options. This is a High-Deductible Health Plan (HDHP) that qualifies