After canceling its August recess, in the hopes to strike a deal on the next coronavirus relief package, house leaders postpone the vote until September. This comes after negotiations between Democratic leaders and the White House hit a wall. This leaves no immediate relief to out of work Americans. Talks remained deadlocked even after President…
Stimulus Package Vote On-Hold Until September Read More
Over the weekend, President Trump signed an executive order and issued three memoranda that provide another round of economic relief to Americans during the coronavirus. As expected, the bickering has begun. Democratic negotiators have instantly responded with sharp criticism. For the benefit of our readers and small business owners, we’re going to focus primarily on 2
Are Negotiations Over the Stimulus Package Dead? Read More
The RESTART Act is a proposal that extends and broadens the Paycheck Protection Program (PPP) and it’s likely you never heard of it! It’s been gaining momentum in Congress and could be part of the next stimulus package. Here’s what small business owners need to know. Closer Look: The RESTART Act This act was proposed
The RESTART Act: The Small Business Relief Proposal — You Never Heard Of! Read More
Governor Cuomo announced yesterday that more than $2.3 million in funding has been awarded to support 61 businesses and residential landlords with COVID-19-related costs and expenses through the “New York Forward” loan fund. The funding is aimed at those who did not receive Federal COVID-19 assistance. Of the 61 loans, 54 are provided for minority
$2.3M New York Forward Program Helps Landlords and Small Businesses Read More
Americans are on a stimulus check spending spree! This comes from data by The Bureau of Economic Analysis, which reported on Friday that personal spending rose 5.6% in June. This followed a surge of 8.5% in May. According to data from the Census Bureau people have predominantly been buying clothing and footwear. So essentially, this means we’re
How Long Can The U.S. Spending Spree Last? Read More
Money received from the government usually comes with a catch. Coronavirus stimulus benefits come with a few that may surprise some that receive it. But there are some differences in what’s taxable and what’s not. Unemployment Benefits Are Taxable Unemployed workers who accept unemployment benefits should not be surprised this money is considered taxable income.
Is the Government’s Stimulus Checks Taxable? Read More
Running a small business is undoubtedly tough – especially during a pandemic. While managing payroll and compliance may not be the most glamourous part of entrepreneurship, it does have an enormous impact on your business. So, for that reason, we want to share why payroll processing doesn’t have to be painful and bust 10 common
10 Common Payroll Myths Debunked! Read More
“It’s hard to find good work these days”. Well, it may be getting easier. A recent “Business Conditions Survey”, indicates that Covid-19 helped reduce the skilled worker shortage. The findings are based on a survey of 104 NABE (National Association for Business Economics) members. It shows that 16% reported skilled labor shortages. Compare that to an
Hiring Outlook Improves as Skilled Worker Shortage Drops Read More
So, like most people these days, you’ve been working from home. But you’re wondering if all the hours you’ve worked, including off-hours and overtime, qualify as “paid” time? Well, you’re in luck! The U.S. Department of Labor (DOL) has issued guidance for both workers and employers on rights and responsibilities under federal leave, wage, and
Can Employees Get Paid for “Unauthorized” Telework Hours? Read More
Congress returned to Washington after a two-week break. Now, ten days remain before the end of the month and key provisions of the CARES Act set to expire. Furthermore, only three weeks are left before Congress takes its next recess in August. So, if anything gets done, it’ll need to get done fast! 2nd Stimulus
Show Me The Money: The State of a Second Stimulus Check Read More
