Rehiring retirees is now an option for addressing labor shortage

Nearly every business owner is feeling the pinch of the tight labor market but one option to consider is rehiring retirees or retain those employees who are past retirement age. Retaining long-term employees with a trusted track record and knowledge of your business can be a tremendous benefit, but this has not always been a […]
SBA looks at ‘totality’ of borrower’s circumstances when determining need

The Small Business Administration has provided more clarity on the information requested of some PPP loan borrowers in a Loan Necessity Questionnaire. The SBA released this month PPP FAQ 53, which clarifies that the information provided on the questionnaire will help the SBA assess whether PPP loan borrowers’ certification – as required by the CARES […]
PPP loan forgiveness FAQs released

The Small Business Administration released this week its first round of FAQs regarding the loan forgiveness process for Paycheck Protection Program Loans. These FAQs, which serve as guidance on the provisions of the CARES Act, follow closely to what we have been advising our clients already as we prepare their applications for PPP Loan forgiveness. […]
Some Economic Impact Payments sent by prepaid debit cards

Millions of eligible Americans have already received their Economic Impact Payments (EIPs) via direct deposit or paper checks, and the IRS announced this week that some payments are being sent by prepaid debit card. The debit cards will arrive in a plain envelope from “Money Network Cardholder Services.” According to the IRS, nearly 4 million […]
Coronavirus and Economic Impact Payments FAQs from IRS
Click below for a list of frequently asked questions regarding coronavirus-related economic impact payments and other resources from the IRS.gov website: https://www.irs.gov/coronavirus/coronavirus-and-economic-impact-payments-resources-and-guidance
Paycheck Protection Plan Program FAQs
The U.S. Treasury Department is continuing to update its frequently asked questions about the PPP program. You can find those here: https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf