On Thurs, May 28 the House passed a bill to add borrower flexibility on PPP spending. Highlights: 8 wks increased to 24 wks & payroll requirement reduced from 75% to 60%. Expected to pass Senate & be signed by President #PPP #payroll #HCM #HR
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70 new pages of guidance on PPP loans! 👀
We heard the 8 week covered period may be extended to 16 wks. If this happens, how much impact would it have on your loan forgiveness?
Our article on loan forgiveness will be updated by Tues.
#ppp #smallbusiness #payroll #hr #hcm
On Friday the SBA released the PPP Loan Forgiveness Application - 2 of the key issues addressed in the instructions are business owner compensation and handling of pay periods vs check dates in the forgiveness calculations #ppp #smallbusiness #payroll
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#PPP Update: Small businesses are getting a larger share of the 2nd round with an average loan size down $127,000 from 1st round approved applications #smallbusiness #payroll hubs.ly/H0q5zhc0
In the wake of media reports regarding some loan recipients' actual needs, the SBA signals there will be more oversight and review on certain PPP loans #ppp #payroll #smallbusiness
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Doors opened at 930 AM for 2nd round applications as many small businesses hope to get a share of the $310 B of additional forgivable loan funds #ppp #smallbusiness #payroll hubs.ly/H0pVGl10
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We ❤️ the #restaurant and food service industry! We’re definitely anxious for them to open safely! #payroll #hr
Insightful study from @TXRestAssoc about impact of #COVID19 on food service industry.
41% temporarily closed a location
19% permanently closed a location
80% laid off employees
86% have cut worker hours
We need a #safe way to get #BackToWork
@RRCoC
uh.edu/hobby/restaurants/
Did your business apply for the Paycheck Protection Program? We would love to hear about the experience from our clients as well as those businesses that use another payroll provider. #PPP #payroll #HR #survey hubs.ly/H0pQTsW0
#Cyber Scam - Keep your employees informed - attackers are posing as outsourced payroll / HR reps and asking employees to click a link that includes malware to review payroll reports and learn about a new (fraudulent) stimulus payment #hr #payroll
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Awesome tool for locating over 1,100 restaurants from New Braunfels to Georgetown - find out which ones are open and doing take out, or delivery. #SmallBusiness #nbtx #atx #roundrock
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Great article on the community coming together to support #SmallBusiness - thanks to @RRFoundation @RRCoC @Dell and @roundrock! #RoundRockCares #tomorrowtogether
'A bit of good news': Round Rock Cares recipient uses funding to keep small-business dream alive communityimpact.com/austin/r…
Posted the employee notice for Paid Sick & Expanded Medical Leave ✔️ What information should I gather from eligible employees so I can get my #payroll tax credit? ❓ #hr #FFCRA #sickleave #FMLA hubs.ly/H0p9fxJ0
As many churches move to online services & may see a temporary decline in contributions, the SBA has cleared the way for more participation in the Paycheck Protection Program #sba #churches #PPP hubs.ly/H0pbC4c0
** Updated ** If you have questions on the Paycheck Protection Program, the SBA has released rules and FAQ's #PPP #SBA #smallbusiness hubs.ly/H0pbPQ70
The Treasury Department has released the application and other supporting docs for the Paycheck Protection Program. Loans will managed by local banks - if the Treasury rules are met, loans are eligible for forgiveness from the SBA. #sba #payroll #hr hubs.ly/H0p4Jxd0
Extension of SBA 7(a) loan program focused on keeping American workers on the job and paid by creating forgivable loans for small biz #payroll #hr #sba #CARESAct hubs.ly/H0p279w0
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More answers for #smallbusiness on new paid sick leave, FMLA, and related payroll tax credits #payroll #hr #sickleave #fmla hubs.ly/H0n_f6D0
Poster Alert: It's actually very easy to meet the new employment law poster requirement for paid sick leave and FMLA #payroll #sickleave #fmla #hr #smallbusiness hubs.ly/H0n_cN10






