If your business has not been considered "essential" during Covid, than it is very likely that you qualify for the ERC Credit. Use these flow charts to see if you might qualify for either 2020 or 2021.Read More >>
Healthy Families and Workplaces Act signed by Governor Polis:
For the remainder of this year, the Act will require all employers to comply with the emergency paid sick leave requirements of the Families First Coronavirus Response Act (FFCRA).
The paid sick leave provision of the FFCRA mandates that an employer provide to each employee paid sick leave to the extent that the employee is unable to work or telework due to a need for leave because:
The employee is subject to a Federal, State,...Read More >>
PAYCHECK PROTECTION LOAN UPDATE:
Make sure to read our Update from 6/4/2020, as there is lots of information in there that is very important to the changes in forgiveness calculations. The updated forms and corresponding guidance released yesterday filled in a lot of missing gaps and we have summarized that information below:
8 weeks can now be 24 weeks - In an effort to make forgiveness more attainable the new guidance allows one to choose either an 8 week calculation period or...Read More >>
PAYCHECK PROTECTION LOAN UPDATE
If you have not applied for the Paycheck Protection Program Loan – there is still time! Over $100 billion remains in the program, please contact us if you’d like to find out if you qualify.
Last week the House passed legislation to make some positive changes to the Paycheck Protection Loan program and last night the Senate passed the law by voice vote, clearing the way for the President’s signature which should occur at some point today. Below are the...Read More >>
PPP LOAN FORGIVENESS CALCULATION
If you were one of the lucky few to get your loan approved and has either already received the funds in hand or a SBA loan number than skip to below to learn about the Forgiveness Calculation . If you do not have funds in hand or an SBA loan number than you do not have a loan.
Paycheck Protection Program
As of the writing of this update, our amazing congress is still in debate on the passage of the 2 nd round...Read More >>