The Department of Labor on Oct. 11 issued a proposed rule that would expand the definition of who is an independent contractor under the Fair Labor Standards Act (FLSA).
10-11-2022 The House of Representatives late Friday night approved 219-212 a budget reconciliation bill reflecting President Biden’s $1.9 trillion COVID relief plan, sending the bill to the Senate for consideration. The legislation would provide direct payments, a child tax credit expansion in the form of direct payments, extended unemployment benefits, COBRA subsidies and ACA tax credit enhancements, state & local funding, among other provisions.
03-01-2021 The Small Business Administration announced that the Paycheck Protection Program (PPP) will soon reopen to serve new borrowers and some existing borrowers. First Draw PPP loans became available only from […]
01-13-2021 The Small Business Administration (SBA) released new guidance on how Paycheck Protection Program (PPP) borrowers should apply for loan forgiveness. The guidance came in the form of a Frequently Asked Questions (FAQ) document with 23 questions addressing various issues facing PPP borrowers.
08-06-2020 The House is scheduled today to consider two bills related to coronavirus aid. H.R. 7010 from Rep. Dean Phillips (D-Minn.) and 35 bipartisan cosponsors would give businesses more time and flexibility to make qualifying expenditures for loan forgiveness under the Paycheck Protection Program, and allow businesses with forgiven loans to defer payroll taxes.
05-28-2020The Small Business Administration on May 22 released interim final rules related to the Paycheck Protection Program. The rules outline procedures for borrowers to calculate costs eligible for loan forgiveness in […]
05-26-2020 Policymakers are preparing to make significant changes to the Small Business Administration’s Paycheck Protection Program (PPP) amid cooling demand for government-backed loans and criticism from business owners who say they […]
05-18-2020 The U.S. Small Business Administration (SBA) is offering Economic Injury Disaster Loans, low-interest, federal disaster loans for working capital to small businesses that are suffering substantial economic loss as a result of the Coronavirus (COVID-19).
04-07-2020 The $2.2 trillion coronavirus stimulus bill enacted by Congress on March 27 provides cash assistance to small businesses that keep their employees or recall employees they have furloughed or laid off due to financial hardships related to COVID-19. Small businesses as well as individuals who are self-employed or are independent contractors are eligible if they also meet program size standards.
03-31-2020 The Senate approved 96-0 the approximately $2 trillion "Phase III" stimulus bill known as the CARES Act. The House is expected to pass the bill by today after which the […]
03-27-2020