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    Guidance Released: Temporary 100% Deduction on Business Meal Expenses

    Posted by Alan Greenwell on Apr 12, 2021 11:50:22 AM

    The IRSand the Treasury released guidance Thursday April 8, 2021 on a temporary exception to the 50% limit that businesses can deduct for food or beverages from restaurants during the pandemic.

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    Topics: ohio, workplace productivity, meal deduction, Management, Deductions, Workplace Culture, Coronavirus, COVID-19, Business Meal Expense

    PPP Changes to Help Underserved Borrowers

    Posted by Alan Greenwell on Feb 23, 2021 12:08:12 PM

    On Monday, President Joe Biden announced a series of changes to the Paycheck Protection Program designed to make the program more accessible to underserved borrowers, including a two-week period beginning on Wednesday (February 24, 2021) where only businesses with fewer than 20 employees can apply for loans.

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    Topics: ohio, workplace productivity, Management, 2020, Workplace Culture, Coronavirus, SBA Disaster, COVID-19, Loan, Paycheck Protection Program, PPP2

    Borrower Application Forms: First & Second Draw PPP Loans

    Posted by Alan Greenwell on Jan 12, 2021 12:31:18 PM

    On January 8, 2021, the U.S. Small Business Administration (SBA) released the Borrower Application Form, SBA Form 2483, for businesses applying for a First Draw PPP Loan or requesting an increase in their First Draw PPP Loan. Existing borrowers seeking a Second Draw PPP Loan will need to submit the Second Draw Borrower Application Form, SBA Form 2483-SD.

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    Topics: ohio, workplace productivity, Management, Workplace Culture, Coronavirus, SBA Disaster, COVID-19, Loan, Paycheck Protection Program

    Interim Final Rule: Second Draw Loans

    Posted by Alan Greenwell on Jan 11, 2021 1:55:24 PM

    On January 6, 2021, the U.S. Small Business Administration (SBA) issued the Interim Final Rule on Second Draw Loans (the IFR). The IFR announces the implementation of section 311 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the Economic Aid Act), a component of the Consolidated Appropriations Act, 2021 (the Act), which authorizes the SBA to guarantee additional loans under the Paycheck Protection Program (PPP).

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    Topics: ohio, workplace productivity, Management, Workplace Culture, Coronavirus, SBA Disaster, COVID-19, Loan, Paycheck Protection Program, Interim Final Rule

    New Paycheck Protection Program (PPP2) Guidance

    Posted by Alan Greenwell on Jan 7, 2021 2:25:03 PM

    The Consolidated Appropriations Act, 2021 (the “Act”) was passed by Congress on December 21, 2020, and signed into law by President Donald Trump on December 27, 2020. This is the second-largest federal stimulus package approved by Congress this year following the $2 trillion CARES Act passed in March 2020.

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    Topics: ohio, workplace productivity, Management, 2020, Workplace Culture, Coronavirus, SBA Disaster, COVID-19, Loan, Paycheck Protection Program, PPP2

    Consolidated Appropriations Act of 2021: Employee Retention Credit Changes

    Posted by Alan Greenwell on Dec 30, 2020 8:14:48 AM

    On Sunday December 27, 2020 President Trump signed the Consolidated Appropriations Act of 2021 (the Act) which included several enhancements to the Employee Retention Credit (ERC). The most prominent change is that businesses that received a loan pursuant to the Paycheck Protection Program (PPP) are now eligible for the ERC.

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    Topics: ohio, workplace productivity, Management, 2020, Workplace Culture, Coronavirus, SBA Disaster, COVID-19, Loan, Employee Retention, ERC

    PPP Update: Summary of Emergency Coronavirus Relief Act

    Posted by Alan Greenwell on Dec 18, 2020 1:41:34 PM

    Below is a summary of the proposed details on the Emergency Coronavirus Relief Act that was recently released. The proposed legislation includes significant updates to the Paycheck Protection Program (PPP). If approved, the bipartisan bill will make $267.5 billion additional funds available for PPP loans and $13.5 billion for Economic Injury Disaster Loans also overseen by the Small Business Association.

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    Topics: ohio, workplace productivity, Management, 2020, Workplace Culture, Coronavirus, SBA Disaster, COVID-19, Loan, SBA, Small Business Administration, Small Businesses

    PPP Loan Questionnaires Released for Borrowers of Over $2 Million

    Posted by Alan Greenwell on Nov 2, 2020 4:19:26 PM

    The Small Business Administration (SBA) published in late October that it will begin issuing loan necessity questionnaires to Paycheck Protection Program (PPP) borrowers with PPP loans of over $2 million. The loan necessity questionnaires will be utilized by the SBA to review the PPP borrower’s good-faith certifications of economic need. There are two versions of the questionnaire: Form 3509 that will be used by for-profit borrowers, and Form 3510 that will be used by non-profit borrowers.

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    Topics: ohio, workplace productivity, Management, 2020, Workplace Culture, Coronavirus, SBA Disaster, COVID-19, Loan, SBA, Small Business Administration, Small Businesses

    Dancing Through the COVID-19 Storm

    Posted by Bill Bates on Aug 17, 2020 10:07:50 AM

    Scrolling through Facebook I stumbled across an ad and read a quote the ad highlighted:

    "Life isn’t about waiting for the storm to pass…It’s about learning to dance in the rain!" – Vivian Greene.

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    Topics: Takeaways, Growth, workplace productivity, Success, Management, 2020, Workplace Culture, COVID-19

    HR Issues Amidst COVID-19 Disruptions PART 8: Unemployment & The PPP - When Well-Meaning Governmental Programs Collide

    Posted by Steve Black on Jun 12, 2020 9:10:29 AM

    Let’s look at some simple math. Bob, an hourly employee, averaged 40 hours per week making $15 per hour. At the end of each week, his gross income was $600. Now, due to a furlough, Bob is receiving unemployment benefits. According to the Ohio Department of Jobs and Family Services, Bob will bring home a weekly unemployment benefit of $300. Common assumption would be that he would begin hunting for a new job. Not so fast. With passage of the Coronavirus Aid, Relief, and Economic Stability Act (CARES), the federal government expanded each States’ ability to provide unemployment insurance for many workers. The expansion places an extra $600 per week into the pockets of each eligible worker. Bob is now bringing home $900 per week. 

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    Topics: Takeaways, culture, onboarding, hiring, Growing, Human Resources, Growth, workplace productivity, Success, Management, Coronavirus, COVID-19

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