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Small Businesses Get 2-Week Window to Apply for Forgivable Loans

Starting today, Wednesday, Feb 24, small businesses with fewer than 20 employees can apply for forgivable loans under the Paycheck Protection Program (PPP). The application window is limited and will only be open for a total of two weeks. One billion dollars will be set aside primarily for businesses owned by minorities and women.  This …

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WY

Wyoming: Latest State to Adopt Fingercheck HR and Payroll Services

Fingercheck is excited to announce that Wyoming is the latest state to adopt our all-in-one HR platform, which includes payroll! So, if you’re a small business owner (in Wyoming) looking to use a single, easy-to-use platform to automate payroll and manage your entire workforce – Fingercheck is all you need! Our all-in-one platform features: Automatic …

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How to Avoid a Large Tax Bill

It’s obviously no fun owing the IRS money. Especially, if you’ve lost your job or have been financially impacted by the coronavirus. So, with tax season 2020 officially here, the decision on whether or not to withhold depends on your financial situation. If you’re barely making ends meet, it can be tempting to put off …

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Tax Season 2020: Why Filing Your Taxes This Year Will Be Different

The tax deadline is just weeks away, but it’s never too soon to prepare. Last year, the tax deadline was pushed to July 15. This gave filers (and the IRS) more time to process paperwork during the pandemic. It’s not yet known if the IRS will extend the deadline again this year. Regardless, the Internal …

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Is Biden's $15 per hour wage increase worth losing 1.4 million U.S. jobs?

Is Biden’s $15 Hourly Wage Increase Worth Losing 1.4 Million Jobs?

The Raise the Wage Act of 2021, a Democrat-led bill introduced last month, was dropped from a Senate bill last week. However, despite President Biden recently stating a wage hike was unlikely, the House Education and Labor Committee included the provision in a first draft release of Biden’s $1.9 Covid-19 relief package. Now, Democrats aim to push …

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New Provisions May Limit Who Receives a Third Round Stimulus Check

As negotiations continue on the third round of stimulus checks, it appears fewer Americans would get them. Democrats have recently released a new bill adopting the same phase-out thresholds used for first and second-round payments. The bill will become part of the larger one that’s being pieced together as part of the Biden Administrations’ 1.9 …

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Will a $25B Grant Program Save New York’s Restaurants?

Unlike the small business Paycheck Protection Program (PPP), the next pandemic relief package would include a $25 billion grant program for New York City restaurants.  If approved, it would not require a specific 25% lost revenue threshold. That means the size of the grant would depend solely on revenue lost between 2019 and 2020. Just …

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