If you’re like most employers, your head is swimming with all of the information that’s been coming out of Washington D.C. these past few weeks. Thankfully, on April 6th, Treasury and the U.S. Small Business Administration (SBA) released FAQs on PPP (the $349 billion small business relief program that is a key part of the […]
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The recently enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act provides a refundable payroll tax credit for 50% of wages paid by eligible employers to certain employees during the COVID-19 pandemic. The employee retention credit is available to employers, including nonprofit organizations, with operations that have been fully or partially suspended as a result […]
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Like the coronavirus (COVID-19) pathogen itself, incidents of COVID-19 fraud are surging and financial losses are piling up. The Federal Trade Commission (FTC) reports that the number of 2020 COVID-19-related complaints doubled in just one recent week. As of March 31, losses attributed to the outbreak stood at $5.9 million. Here are some of the […]
Read the full articleInformation is changing daily, if not hourly, and it is increasing hard to keep up especially for healthcare providers who are on the frontlines of the COVID-19 pandemic. It is a delicate balance dealing with constant changes from federal, state, and local authorities while juggling the needs of your facility such as increased staffing challenges, […]
Read the full articleThe Small Business Administration (SBA) has released the interim final rule, which provides additional guidance and requirements for the $349 billion Paycheck Protection Program (PPP.) This final rule includes some changes including doubling of loans’ interest rate to 1%, from 0.5% There seems to be so much information out there about all of the COVID-19 […]
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