Back on April 3, 2020, two days after the deadline, New York Governor Andrew Cuomo signed New York’s State budget into law. Included in the budget was a new statewide paid sick leave requirement (in addition to the law NYC has) which is mandated for employers within New York state. The paid sick leave law…
NYS Paid Sick Leave Law Soon Takes Effect: What Employers Needs to Know Read More »
In a tweet, New York Governor, Andrew Cuomo, stated he would sign an executive order making June 19th, aka “Juneteenth” a holiday for New York state employees. He went on to say he will “propose legislation” to make it a state holiday for next year. Juneteenth, a combination of the words June and nineteenth, marks
Cuomo to Make “Juneteenth” a Holiday for NY Employees Read More »
It’s been well over a week since New York entered Phase 1 of its re-opening process with great success. Since Phase 1 permits only curbside pick-up at stores and the re-starting of manufacturing and construction jobs—most New Yorkers aren’t truly affected. However, Phase 2 will see the return of many things that will. These include
Re-opening New York: What To Expect in Phase 2 Read More »
It’s unlikely that we’d see a second stimulus bill, let alone another stimulus check on the same level or scale of the CARES Act. A Republican-led Senate doesn’t seem keen to approve measures pushed by the Democrat-controlled House to do so. Part of the reason why is that strong showings in economic numbers from May
Another Stimulus Check Coming? Read More »
After months of a devastating pandemic, New York Governor, Andrew Cuomo took the New York City subway into midtown Manhattan today proclaiming, “New York is back!”. As of yesterday, the state has officially entered phase one of its re-opening process. “Today we are turning the page on the COVID-19 virus as we reopen New York
New York Is Back! Enters Phase One of Re-Opening Process Read More »
Over the last few months, we’ve experienced a global, cultural shift to fully remote working as businesses have made necessary changes in light of the COVID-19 pandemic. The nearly instant move to remote working has brought to light and made many companies realize (and embrace) the idea of remote working strategies. These strategies don’t just
The Truth On Working & Onboarding New Hires Remotely Read More »
The U.S. Senate has passed yet, another version of Paycheck Protection Program (PPP) legislation. The good news is that it now offers triple the amount time for small businesses to spend the funds while still qualifying for loan forgiveness. The bill was passed in a unanimous voice vote hours after Wisconsin Sen. Ron Johnson had
More Flexible PPP Loan Spending Terms for Small Biz Read More »
Within this uncertain climate, having the ability to pay employees immediately has become increasingly important especially during the COVID-19 crisis. More than ever, emergency situations are arising and are creating a demand for more flexible payment solutions. Fingercheck’s Pay On-Demand feature alleviates such issues, giving employees access to their wages anytime. “Pay On-Demand overcomes the
Flexible Payment Solutions In Difficult COVID-19 Climate Read More »
Thanks to relief provided by the IRS, your corporation’s 2019 federal income tax return (Form 1120) deadline has been extended to 7/15. With that, here are some important tax planning options to consider between now and then. Claim 100% First-Year Bonus Depreciation – or not Businesses can claim 100% of first-year bonus depreciation for qualifying
Why Small Biz Owners May Want to Extend the July 15 Tax Deadline Read More »
If you’re one of the many small business owners who applied for the Paycheck Protection Program, known as the (PPP), you’ll want to know how getting that loan forgiven actually works. In short, borrowers will have their loans forgiven if they use the money for designated expenses. Total payments for payroll over the 6 months after the
How PPP Loan Forgiveness Works & How To Apply Read More »
