Remaining COVID Relief $$ Going Too

It’s a similar situation with SBA’s popular Paycheck Protection Program (PPP), which was funded for a 2nd round of forgivable business loans in the $1.9 trillion American Rescue Plan Act. The PPP loan portal was closed to most applicants earlier this month despite the fact that the program was officially extended until May 31.  There…

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Government Giveth, Then Taketh Away

We just detailed two costly programs initiated specifically to help businesses get back on their feet and now having exhausted all available funding. The financial assistance was crucial for some to keep their doors open and others to keep staff on the payroll. Now that all that largesse has largely been expended, we get the…

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COBRA Notice Deadline May 31

In the onslaught of changes in employment law resulting from the pandemic and other initiatives, one could be excused for missing one deadline or another, but that’s not the case with the government. In fact, one of the provisions of the American Rescue Plan Act subsidizes COBRA premiums for “Assistance Eligible Individuals” between April 1…

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House Passes Pregnancy Fairness

Early this week, the U.S. House of Representatives passed H.R.1065, also known as the Pregnant Workers Fairness Act. By a vote of 315 – 101, the legislation was sent to the Senate, where it faces a tougher – albeit not impossible chance of being adopted and sent to the President for his signature. The legislation,…

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Save Local Business Act Filed

Republicans have introduced a counter-measure to the joint employer expansion contained in the PRO Act, which as we’ve reported previously, has already passed the House. Senator Roger Marshall (R-KS) and Representative James Comer (R-KY) introduced the Save Local Business Act, which seeks to amend the National Labor Relations Act (NLRA) and Fair Labor Standards Act…

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Upcoming Webinars

The next presentation in DDIFO’s Wednesday Webinar series is set for next Wednesday, May 26 from 2:00 – 3:00 PM EST. “Are You Prepared for the New Lease Accounting Standard?” will feature CEO and Co-Founder of Leasecake, Taj Adhav, joined by Mike Jerman, Managing Partner at Hollywell Partners explaining what ASC 842 is, how it…

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Economy Moves Front & Center

As we move closer to a complete reopening of the American economy in the wake of decreasing COVID -19 infections and increasing citizens being fully vaccinated, Bureau of Labor Statistics (BLS) information is getting much more play in news cycles – and for a bunch of not-so-encouraging reasons. First off, the labor shortage appears to…

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States Tightening Unemployment Rules

With no indications from Washington DC that the President or Congressional leaders recognize how the $300 unemployment premium is exacerbating the labor shortage, a number of governors around the country are taking action on their own to help get their citizens back to work. As of this writing, no fewer than 12 governors – coincidentally…

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Tax Filing Deadline Monday

A couple of months ago, the Internal Revenue Service (IRS) announced a one-month postponement of the filing deadline for individual taxpayers to file their 2020 tax returns to May 17. That date is Monday, and taxpayers should be prepared to file their returns or an extension by the end of the business day. In addition,…

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California Franchisees Take Note

We advised just a couple of weeks ago about the provisions and prospects of AB 257 being considered by the California legislature in Sacramento. Well, in view of the severity of this legislative proposal and the significant negative impact it would have on QSRs across the Golden State, the International Franchise Association has been working…

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