Create a Competitive Edge in Hiring with Paradox

In February, the federal Bureau of Labor Statistics reported that bars and restaurants added 286,000 jobs across the United States. As the weather warms up and consumers gain more confidence, many franchisees are making plans to ramp up their hiring. In a competitive market, those who connect with candidates the fastest may get the best…

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House Votes to Extend PPP

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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IRS Extends Tax Filing Deadline

On Wednesday of this week, the Internal Revenue Service along with the U.S. Department of Treasury announced that the filing deadline for individual taxpayers has been extended for an additional month, to May 17, 2021. The extension only applies to individual taxpayers – not business taxes – and is automatic and therefore does not require…

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But a New Taxman Cometh

Notwithstanding the magnanimity of the Internal Revenue Service in the wake of the coronavirus pandemic and extreme winter storms in some states, reports have the Biden administration putting together a package of new tax increases – the first since 1993 – that’ll raise taxes on many individuals and businesses across the nation. Needless to say,…

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DOL Rolling Back on Joint Employer

It’s no surprise, but becoming more apparent with each day that the positions taken by the Department of Labor and the National Labor Relations Board under President Biden will be more closely aligned with the anti-business posture adopted under the Obama administration than the free-market positions espoused under President Trump. As a glaring case in…

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Other State COVID-Restrictions Loosen

The steady march of states loosening some of their COVID-related restrictions continued with Minnesota Governor Tim Walz signing an order to ease restriction on businesses and gatherings. Now, restaurants and bars there can offer indoor dining at 75 percent of capacity with parties limited to six people and on-site dining required to close at 11…

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New York Mandates Paid Vaccine Leave

Notwithstanding the struggles that many, if not most, small businesses have undergone during the coronavirus pandemic, New York is piling on with its latest mandate – the third paid leave mandate in a year – this time, paid vaccination leave for their employees. The embattled New York governor, accused of sexual harassment by seven women…

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Forewarned is Forearmed

It will not be a surprise when the issue of raising the federal minimum wage again surfaces in Congress. A proposal by Senator Bernie Sanders (I-VT) to raise the current federal wage of $7.25 an hour to $15 per hour may have been stricken from the COVID stimulus bill by the Senate Parliamentarian, but the…

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Upcoming Events

There are a number of webinars upcoming over the next two weeks that we want you to be aware of – and that you’ll want to register for. The first will be held on Tuesday and it is a timely Coalition of Franchisee Associations (CFA) webinar detailing the provisions of the $1.9 trillion COVID stimulus…

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Miscellaneous

Starbucks Shareholders yesterday rejected an eye-popping executive compensation proposal for the C-Suite that included a $1.86 million payout for CEO Kevin Johnson as a performance bonus for fiscal year 2020 along with $50M in “retention pay” if the CEO were to stick around with the company through fiscal year 2022! Although the rejected resolution was…

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