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You may have been one of the businesses that pounced on the hastily assembled Paycheck Protection Program in hopes of getting a loan. Many businesses succeeded, but some did not, and it's not always clear why. If you didn't, here are some clues why. Your first...

11 May, 2020

After weeks of uncertainty surrounding the Minister's Housing Allowance for Paycheck Protection Program loans, the U.S. Small Business Administration (SBA) states in a Frequently Asked Questions report that it has approved the inclusion of the minister’s housing allowance in payroll costs for purposes of applying...

07 May, 2020

As of now, it is unclear what specific documentation will be required when you approach your bank to request forgiveness of your PPP loan. Unless the SBA follows up with more guidance, individual banks could have different standards when it comes to documentation required for forgiveness. This...

06 May, 2020

Businesses and organizations of all sizes are facing unprecedented times as the result of COVID-19. Cash flow and cash management has never been more important! You’re likely looking for ways to reduce costs and cut expenses; Payroll Partners has teamed up with E-COMP to offer a...

05 May, 2020

Employers who are filing Form 7200, Advance Payment of Employer Credits Due to COVID-19 should read the instructions carefully and take their time when completing this form to avoid mistakes. Using a reputable tax preparer – including certified public accountants, enrolled agents or other knowledgeable tax...

04 May, 2020

Although some employers will be comfortable sending everyone home with their laptop and saying, go forth and be productive, most will want to be a little more specific. A good telecommuting policy will generally address productivity standards, hours of work, how and when employees should...

01 May, 2020

During this pandemic, coping with the disruption in your normal routine may be stressful. Isolation may leave you feeling like you have no control. You may feel cut off from the rest of the world and experience cabin fever, leading to irritability or emotional exhaustion. There...

30 April, 2020

The last thing employees and employers want is lost jobs. It means financial uncertainty for everyone involved, which is why most employers do everything they can to prevent downsizing or prolonged closures. However, reality sometimes forces the situation, as is the case with the coronavirus disease...

29 April, 2020

The race is on. The Small Business Administration (SBA) started taking applications for the second round of the Paycheck Protection Program (PPP) as of 10:30 a.m. on Monday (April 27). President Donald Trump signed the $484 billion COVID-19 rescue bill on Friday (April 24). It includes $310 billion in new money...

28 April, 2020