HHS announces Phase 3 CARES Act Provider Relief Funding

On October 1, the U.S. Department of Health and Human Services (HHS) announced a third phase of general distribution funds for providers in which it will … [Read more...]

SBA clarifies deferral period for PPP loan payments in FAQ

The new guidance, found in question No. 52 in the SBA’s frequently asked questions document for the PPP, clarifies that the deferral period extension … [Read more...]

SBA releases a streamlined application for PPP Borrowers under $50,000

A narrow class of PPP borrowers got some good news on Thursday, October 8. The SBA released a streamlined application — Form 3508S designed specifically for … [Read more...]

Minnesota minimum-wage rate to be adjusted for inflation

Minnesota's minimum-wage rates will be adjusted for inflation Jan. 1, 2021, to $10.08 an hour for large employers and $8.21 an hour for other state minimum … [Read more...]

Cares Act Changes – Net Operating Loss Rules

NOL Rules Change for Tax Years 2018, 2019, and 2020 There have been two significant tax law changes related to net operating loss (NOL) rules included in the … [Read more...]

Recommendation to Wait to Apply for PPP Loan Forgiveness

Recommendation to Wait to Apply for PPP Loan Forgiveness Banks have announced they are ready to accept PPP loan forgiveness applications. However, all webinars … [Read more...]

New Guidance Implementing Employee Payroll Tax Deferral Provision

On August 28, 2020, the IRS issued guidance to employers on how to execute the President’s August 8th, 2020 memorandum (Notice 2020-65) allowing allowing for … [Read more...]

FFCRA New Schooling Scenarios

Wondering how the Families First Coronavirus Response Act (FFCRA) applies to new schooling scenarios? Ever since it became clear that not all schools would be … [Read more...]

IRS Announced Incorrect Notices Sent to Employers when Claiming FFCRA-Employee Retention Credit

On its website, the IRS has announced that it recently sent, in error, notices stating that there was a failure-to-deposit penalty applicable to Form 941, to … [Read more...]

Benefits of Automated Time Tracking

TimeWorksPlus delivers the latest in cloud-based punch and time card services supporting intelligent clock features and a wide range of clocks. Track and manage … [Read more...]