PPP 2nd Draw – What you need to know!
Downloads from Webinar PPP Calculation Spreadsheet Download 2nd Round Draw SBA PPP Application Webinar Slides available for download 2nd Round Basics The SBA has released details on the 2nd Draw …
Law
Updated PPP Program – What we know right now
Late in the evening on Monday, both the House & Senate passed a sweeping stimulus package. The President is expected to sign it very soon. This stimulus package does include …
Maine’s New Earned Paid Leave Law
https://youtu.be/FCuYdonqT0U Last year, Governor Mills signed into law Maine’s Earned Paid Leave act. This law requires all small businesses with 10 or more employees to provide up to 40 hours of Paid …
Answers to your Burning Questions about the Payroll Tax Deferral
In early August, President Trump signed an executive order creating a payroll tax holiday from September 1st to December 31st. As part of the order, employers are not obligated to …
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Reminder – COVID-19 Sick Pay & FMLA Available
In March, Congress passed the Families First Coronavirus Relief Act (FFCRA) which, among many other things, created sick pay and family medical leave pay for employees to use during the …
Financing Options after your PPP Loan runs out
This week, FEMA and the SBA re-opened the application process for the Economic Injury & Disaster Relief Loan (EIDL) program. EIDL has two components: A grant (or “advance”) of $1,000 …
Congress Passes Amended PPP Loan Rules
Both Houses of Congress have now passed HR 7010 – The Paycheck Protection Program Flexibility Act of 2020. The President is expected to sign the bill into law shortly. Because …
PPP Forgiveness Guidelines Released
At long last, we have some definitive guidance to decipher what PPP loan forgiveness will look like. There is a lot of information to deciper in the application, and even …
PPP, Unemployment and Bringing Employees Back to Work
Now that many of you have received PPP funding and are bringing employees back onto payroll, we’re fielding a number of questions about how this pertains to unemployment, etc. Here …
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I’m getting a PPP Loan – How do I handle the money!?
Congratulations! You’ve applied for and are set to receive funds from the CARES Act’s Payroll Protection Program (PPP) Loan. Every bank is handling funds differently, but we know that some …
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