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SBA Stops Accepting PPP Loan Applications

In early May, the Small Business Administration (SBA) announced it has stopped taking new PPP loan applications from most lenders due to the general fund for PPP loans being out of money. The agency will continue to process outstanding loan applications as it has set...

17 May, 2021

Filing season reminder: An extension to file is not an extension to pay taxes

For most individual taxpayers the tax filing and payment deadline was postponed to May 17. Those who need more time to file beyond the postponed date, can request an extension to file. Taxpayers must request an extension to file by May 17, or they may face...

14 May, 2021

From the HR Support Center: The Struggle to Hire and What Businesses Can Do About It

If you’re finding it difficult to hire employees, you’re not alone. Bloomberg reports that many small businesses are struggling to find people who currently want to work—in fact, 42% say they have jobs they can’t fill. The number of people quitting jobs right now is...

13 May, 2021

How to Get Feedback That Will Help You Retain Volunteers

For most churches, recruiting volunteers is crucial to the success of your mission. Though a lot of effort goes into this recruitment process, it’s not always enough to keep those volunteers helping long term. Learning how to gather feedback from volunteers will allow you to...

12 May, 2021

Restaurant Revitalization Funds Available for Restaurants and Bars

The Small Business Administration, in conjunction with the National Restaurant Association are promoting new funding for the restaurant/bar sector. The Restaurant Revitalization Fund is a program that targets relief to restaurants and bars adversely impacted by Covid-19. To qualify, a place of business has to be...

11 May, 2021

U.S. Department of Labor Withdrawing Independent Contractor Rule

The U.S. Department of Labor announced the withdrawal – effective May 6 – of the “Independent Contractor Rule,” to protect workers’ rights to the minimum wage and overtime compensation protections of the Fair Labor Standards Act (FLSA). The Department is withdrawing the rule for several reasons,...

10 May, 2021

Treasury Department and IRS provide safe harbor for small businesses to claim deductions relating to first-round Paycheck Protection Program loans

WASHINGTON — The Treasury Department and the Internal Revenue Service recently issued Revenue Procedure 2021-20 for certain businesses that received first-round Paycheck Protection Program (PPP) loans but did not deduct any of the original eligible expenses because they relied on guidance issued before the enactment...

07 May, 2021

From the HR Support Center: How to Help Employees Communicate More Effectively

In an ideal world, communication would be easy. We’d immediately know exactly what to say or write. Emails, Slack messages, and reply threads would practically write themselves. And there’d be no confusion about what anyone meant, ever. Of course, communication never works that way. We stare...

06 May, 2021

I’m a new ordained Minister. What are estimated tax payments?

For those just starting as Clergy, you may not be familiar with how clergy taxes are paid. The United States has a pay-as-you-go tax system. This means that the Internal Revenue Service expects you to pay your taxes throughout the year, rather than just making...

05 May, 2021

DOL Issues Guidance on Tracking Remote Employees’ Time

In August 2020, the U.S. Department of Labor released Field Assistance Bulletin No. 2020-5. The bulletin addresses "Employers' obligation to exercise reasonable diligence in tracking teleworking employees' hours of work." While the bulletin covers issues arising directly from the COVID-19 pandemic, it also applies to remote...

04 May, 2021