PPP and EIDL Loans Exempted

The Commonwealth of Massachusetts caught up with the federal government and many other states this past week when Governor Charlie Baker signed many parts of HB 90 into law. Of primary importance to small business owners, the legislation excludes proceeds from Paycheck Protection Program (PPP) loans along with Economic Injury Disaster Loan (EIDL) advances from…

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DOL Expands UI Eligibility

Speaking of changes from the Department of Labor, the agency earlier this year expanded the categories of worker eligible for Pandemic Unemployment Assistance (PUA). In a guidance letter sent to state unemployment administrators, DOL added eligibility for: workers receiving unemployment benefits who had been denied continued benefits because they refused to work at a worksite…

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Some States Stepping Up Business Relief

Over the past few weeks, we have been glad to be able to advise you of some additional state-sponsored COVID relief and business assistance programs. This week, we’re happy to report on a couple of more that are in the works. First in Harrisburg last week, the Pennsylvania Senate passed a $912 million COVID relief…

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More States Stepping Up with Relief Programs

Although they may not be offering immunity, a number of other states are offering additional business assistance programs and loosening their purse strings with more funds for business relief. In that vein, New Jersey governor Phil Murphy signed legislation last week that provides up to $14 billion in corporate tax relief to businesses in the…

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Wisconsin Employers Must Submit by Tomorrow

There’s precious little time, but the Wisconsin Department of Workforce Development (DWD) has given employers a deadline of tomorrow, August 15, 2020 to fill out and submit Form UCB-18823-E for employees who filed their initial COVID-19 related unemployment claims for weeks after May 15, 2020. The department recently announced that employers must move quickly to…

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What’s A Quarter-Trillion or So between Friends?

Fiscal conservatives are bracing themselves again in Congress with the US House posturing to bring forward another coronavirus relief bill to the tune of an additional $2 trillion or more. House Speaker Nancy Pelosi told reporters yesterday that she was confident Congress would pass what she called “a strong bill”, saying “$1 trillion doesn’t do…

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Idaho Paying “Back To Work” Bonuses

Apparently in response to the federal government giving $600 bonuses to workers laid off due to the COVID-19 pandemic, the state of Idaho has decided to ‘see that bet and raise it’ to $1500 in order to wean the unemployed off the $600 bonus with a $1500 one. Idaho Governor Brad Little has announced the…

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Mnuchin Signals Another COVID Relief Bill?

In testimony before the Senate Small Business Committee this week, Treasury Secretary Steven Mnuchin signaled that the administration would be open to yet another stimulus bill to address economic issues resulting from the COVID-19 crisis and he previewed their priorities for any such legislation. Specifically, the Secretary acknowledged a rocky start for the Paycheck Protection…

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CBO Reports on Bonus Unemployment Benefit

One provision of the aforementioned CARES Act that struck me as counterintuitive to expediting the economic recovery from the impact of the coronavirus pandemic was the payment of an additional $600 weekly to the unemployed. Although the additional funds are not authorized beyond July 31, 2020, some in the House of Representatives want to extend…

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House Bill Would Extend $600 UI Premium

The challenge of hiring enough qualified workers to staff your QSRs would be that much more difficult under the latest CARES Act proposal heading to a vote in the US House as early as today.  Among the wish-list of goodies in the latest $3 Trillion stimulus proposal is an extension through January 2021 of the…

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