This is part five in our occasional series about applying for coronavirus-related loans. The Families First Coronavirus Response Act (FFCRA) took effect in early May. It states that companies with fewer than 500 employees have to offer paid medical leave after the employee takes 10 unpaid ... READ MORE >
Thriving in a Crisis
Unless you happen to sell disinfecting wipes or offer online meeting services, this is probably a tough time for your business. Whether business has slowed or your company is completely shut down, you’re probably struggling in some way. And the situation is made worse by the uncertainty; ... READ MORE >
Coronavirus is Affecting My Business. Now What do I do?
With the current crisis, we have all been thrust into uncharted waters. The past month has confronted businesses with an unprecedented situation—this has literally never happened before—that affects different businesses in different ways. Some are shut down, some are experiencing a slow ... READ MORE >
CARES Act – 1099 Contractor Update
We are going to keep this one short and sweet. We just received information that the SBA issued an update last night. No 1099 contractors are to be included in a company’s PPP application. Those 1099 contractors should apply directly for the PPP for themselves. The other update that you should ... READ MORE >
CARES Act & Your Business: More detail
To briefly recap, there are two ways to receive SBA money - Payroll Protection Program (PPP) and Economic Injury Disaster Loans (EIDL). As is standard with all things bureaucratic, it’s a bit more complicated than that. There is also an Employee Retention Credit that was issued under the CARES Act ... READ MORE >