Lots of info today about benefits and changes going on with various plans. Lots of info today about benefits and changes going on with various plans. Please take a minute to fill this out, we are looking forward to sharing responses. Here is the link if you have not participated yet. https://www.surveymonkey.com/r/736L8YX Also, more interesting…
Great news today for small businesses that took advantage of the PPP loan! When applying for the PPP loan, you might recall that you had to certify that you needed the money because the COVID-19 shutdown created economic hardship for your company. If the SBA felt at any point that you did not, in fact,…
The House of Representatives has released its bill for a potential CARES Act 4. Here is a link to the actual bill-in-progress. The Democrats have also created a condensed version, so you don’t have to read the entire 1,800 pages of the bill. You can breeze through their 90-page summary. Our take is that this…
The Governor of Louisiana has announced that business reopening Phase 1 can commence starting on Friday, May 15th. No matter how you feel about reopening, if we do things the right way and the safe way, we can open businesses and stay safe. Everyone needs to stay vigilant on all safety protocols and be aware…
As a recipient of our own PPP loan, today, our bank sent us an interesting email recommending that we hire a CPA, Tax Attorney, or both to make sure we have the correct documentation for the repayment of the PPP loan. They also attached a link to the CARES ACT and suggested we read it…
The EEOC announced today that they won’t collect the EEO-1 forms for 2020. Our whole HR team jumped for joy! In addition, COBRA deadlines have also been extended (download below). A little depressing news is the attached article showing 3.1 million new unemployment claims last week, which totals over 22.6 million overall claims. This equals…
Big news today, if you do not believe you truly qualify for the PPP loan and want to return the money, no questions, the SBA just pushed back the deadline to return the PPP Loans until May 14th . If you have not applied for your PPP loan yet, there are rumors they are almost…
Happy Cinco de Mayo! Hope everyone is enjoying a margarita right now! One big item for those of you who have not yet received your PPP loan proceeds, the original “use it or lose it” deadline of June 30th or 8 weeks, whichever comes first, has been changed. It was updated to say: “The eight-week…
Happy Monday! The IRS/Department of Treasury answered a critical question in the FAQ they released yesterday, May 3rd. The big question was: If you ask a previously laid off or furloughed employee to come back to the same job at the same rate, but they refuse to come back, would this person still count against…
We have attached a few new items worth sharing. One is from Los Angeles which may affect tourism employers in Louisiana. It’s important because some laws and ordinances that start in California frequently get adopted in other areas. This ordinance passed by their city council is extremely onerous for employers, especially in the hospitality industry….
