New Member Only Service

In this time of great business stress, DDIFO has some proprietary and confidential shop financial analysis tools to help owners model their financial recovery periods. This is all done in confidence and your data will not be retained after discussion. We are not recommending third party lenders or other services. If interested, contact Ed Shanahan…

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Paycheck Protection Program Begins Today

One of the more significant benefits for small business interests contained in the recently enacted Coronavirus Aid, Relief and Economic Security (CARES) Act, the Paycheck Protection Loan Program (PPP) officially began its application process today, and late last evening, the Small Business Administration released its Interim Final Rule for the program. It would appear that…

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FFCRA Sick Leave Mandate Effective Now

With the CARES Act being signed into law last week, one could mistakenly look past the requirements contained in the Families First Coronavirus Relief Act (FFCRA) passed and signed into law the previous week, but you do not want to do that! The FFCRA became effective on Wednesday of this week, April 1, and mandates…

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SBA & IRS Regulations Released

As the “all hands on deck” mindset continues within the federal government in fighting the coronavirus crisis and restoring economic activity as soon as possible, federal regulatory agencies continue to issue guidance clarifying their mandates on a host of issues that dramatically impact business. In that vein, the Small Business Administration has posted guidance on…

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Business Interruption Insurance & Issues

One of the critical issues facing our members – in fact, all small business owners – is the applicability of their business interruption insurance coverage. In such unprecedented times as these in dealing with the coronavirus crisis and the resulting national shutdown of major components of the American economy. “Will my business insurance cover my…

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State Tax Deadlines

As we have reported to you, the Internal Revenue Service (IRS) postponed Tax Day, its tax filing and tax payment deadline by 90 days out to July 15, 2020 with many states immediately agreeing with the new IRS deadline. Others however were much slower to sync their state tax filing dates with the feds, but…

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Other State & Local Actions

As the COVID-19 crisis continues to wreak havoc with the American business landscape, several states and cities have put laws and executive orders on the books to address different issues arising in their communities. North Carolina Governor Roy Cooper on Tuesday of this week signed an Executive Order prohibiting utilities in the Tar Heel State…

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NLRB Finalizes Union Election Changes

The National Labor Relations Board (NLRB) last week finalized changes to union representation election rules that will prevent unions from blocking decertification elections indefinitely as they have been able to do for the past 8 or so years. Under the Obama administration, the NLRB allowed unions to file unfair labor practice charges to create doubt…

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Competitor News

McDonalds Corp announced last week that it had suspended its all-day breakfast menu until further notice.  The all-day McDonald’s breakfast menu launched nationwide back in October, 2015. Chipotle announced that it was giving 10% raises to its hourly workers through April 12, after which apparently those same workers will see a 10% reduction in their…

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Miscellaneous

Last week saw new unemployment claims set a new record with 3.3 million claims in one week. Well, that record didn’t last long as the Department of Labor (DOL) yesterday reported that new claims for unemployment benefits reached over 6.6 million – more than double last week’s record! To put those numbers in perspective, the…

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