The Small Business Administration (SBA) is increasing the maximum loan amounts under its Economic Injury Disaster Loans program (EIDL) effective April 6. In addition, the increase may also include some level of retroactivity. The EIDL, which was capped last year at six months’ worth of economic injury up to $150,000 maximum, will now be extended…
Read More »The United States Senate confirmed several more nominees of President Biden to a host of important federal posts. First and foremost, amongst the recent confirmations was new Labor Secretary Marty Walsh, who formerly served as Mayor of Boston for the past 7 years. Confirmed on a Senate vote of 68-29, Walsh will now oversee the…
Read More »Although they haven’t all followed suit, most states across the country have followed the Internal Revenue Service example and postponed their state tax filing deadlines until May 17. As we advised you last week, the IRS for the 2nd consecutive year has postponed the tax filing date – for individual taxpayers only this time –…
Read More »In the absence of a national policy limiting business liability against claims that stem from the coronavirus pandemic, more states are stepping up with limited liability protection to ensure that small businesses are not unfairly subjected to frivolous litigation. Most recently, the state of West Virginia became the latest state to put a law on…
Read More »Despite our getting closer to a complete reopening of the economy in the wake of the coronavirus pandemic, some employers around the country are still being saddled with additional mandates and dictates from their own state governments. One glaring example comes from the state of New Mexico, where the state senate last week passed a…
Read More »As we advised you a couple of weeks ago, the Connecticut Family and Medical Leave Act requires that employee contributions to the Connecticut Paid Leave Authority were to be deducted beginning January 1 and remitted to the state on a quarterly basis. Well, we want to remind you once again that the first quarterly payment…
Read More »Until we can get together again for more substantive meetings and presentations in person, DDIFO continues to bring you important and timely information through our Wednesday Webinar series of presentations from our Business Members. And, next week is no exception – although next week, our Wednesday Webinar will actually be held on Tuesday due to…
Read More »The Joy in Childhood Foundation announced that it has begun processing applications for cash grants for summer camps offering services for children with illnesses. The grants can be as much as $500,000 and in the past have been awarded to such facilities as Camp Sunshine, The Hole in the Wall Gang Camp and Camp Okizu,…
Read More »Last week, Starbucks announced that the company would be testing out cold pressed espresso in a limited number of stores throughout 2021. The cold pressed espresso was initially introduced at the Starbucks Reserve Roastery in Seattle in 2017. In addition, the company also announced that it would be rolling out large print and braille menus later…
Read More »On Tuesday, the U.S. House of Representatives voted, by an overwhelming margin of 415 – 3, to approve a two-month extension of the Paycheck Protection Program (PPP). The PPP is currently set to expire on March 31 but under the House-passed measure, the SBA would continue to accept and approve applications from businesses for the…
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