SBA Circulating “Loan Necessity” Questionnaires

The Small Business Association (SBA) last week began sending out a new questionnaire, the Paycheck Protection Program Loan Necessity Questionnaire (SBA Form 3509), to businesses that received PPP loans in excess of $2 million during the coronavirus pandemic. The agency is demanding new details about individual business operations in order to justify the aid and…

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Fed Lowers Main Street Program Minimum Again

In the hope of making its Main Streets Lending Program more attractive – and more useful – to small businesses suffering through the coronavirus pandemic, the Federal Reserve has again changed the eligibility criteria. The new minimum loan size to participate in the program has been reduced to $100,000. Initially, the Main Street program was…

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IRS Issues Guidance on Deferred Payroll Taxes

For employers who may have chosen to defer the withholding of the employee share of social security payroll taxes, there is a new guidance available. The Treasury Secretary was directed to authorize the deferral by a presidential memorandum issued by President Trump on August 8 and finalized the deferral of the employee share from September…

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EEOC Approves MOU with Justice and Labor

The Equal Employment Opportunity Commission (EEOC) formally authorized entering into a Memorandum of Understanding (MOU) with other agencies to improve collaboration and enforcement of federal labor laws. The full complement of 5 EEOC Commissioners (3 republican & 2 democrat members) met publicly, albeit virtually, for the first time in quite a while to discuss and…

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Ohio Authorizes $5 Billion Dividend

In short order, the Ohio Bureau of Workers Compensation (BWC) this week approved the request of Governor Mike DeWine to authorize dividends for Ohio employers of monies paid to fund the state unemployment compensation fund. DeWine requested that the BWC rebate as much as $5 billion to help businesses and other employers in the state…

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New Jersey Workplace Protocols Effective

Responding to the latest spike in COVID-19 cases in the Garden State, New Jersey Governor Phil Murphy signed another executive order last week that became effective yesterday, November 5, 2020. The new order applies to all employers that allow or require that their employees be physically present in the workplace during their shift. Executive Order…

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Election Results They Did Call

While the results of the presidential will not be known, let alone certified for quite some time, such delays are not the case in a host of ballot question issues from around the country. Perhaps having the greatest immediate impact on businesses, Amendment 2 was passed by Florida voters with a 61% plurality (the constitutional…

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A World of Their Own: California Election Results

It just seems logical to lump all of the California election news into its own paragraph this year. Let’s start with one of the big ones – gig economy companies won passage of Proposition 22, funded by Uber, Lyft, DoorDash and other third-party delivery services. The initiative, which passed by a 58-42% margin allows the…

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Another Winning Webinar Next Thursday

DDIFO members should have already received the registration information for “Workforce Systems and Operations Made Easy”, our next presentation in the ongoing DDIFO webinar series. Only six days off, “Workforce Systems and Operations Made Easy” will be held next Thursday, November 12 from 2:00 – 3:00 PM EST. You can register now to hear Wyclif…

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Miscellaneous

Just a reminder that the Federal Trade Commission will be hosting a virtual workshop on the franchising rule on November 10. More information on the FTC workshop is available on the agency’s website here. Also, don’t forget that next week’s calendar also includes the Restaurant Finance Conference and one of the keynote speakers at that…

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