PPP First and Second Draw Loans: Do You Qualify?

The SBA began accepting new PPP applications on a limited basis last week through community financial institutions and as of today, the program is now open to all lenders.

Economic Impact Payments Are on Their Way

The IRS and the Treasury department began issuing a second round of Economic Impact Payments last week as part of the Consolidated Appropriations Act. Most individuals making up to $75,000 per year will receive a direct payment of $600; married couples making up to $150,000 per year will receive $1,200; and eligible individuals with children will receive $600 for each qualifying child dependent. Dependents who are 17 and older are not eligible for the child payment.

3 Insurance Considerations for Employers with a Remote Workforce

As businesses have navigated the COVID-19 pandemic over the course of 2020, many were forced to shift to a remote workforce temporarily. As the pandemic continues, employers and employees have adjusted to this new way of working, and many companies are now considering shifting to this model permanently. This change can provide many benefits, including reduced overhead, increased communication, improved employee satisfaction, and reduced carbon footprint. However, there are impacts to risk exposure as well.

Unemployment Benefits Fraud: What to Be on the Lookout For and 7 Steps to Prevent Further Fraudulent Activity

Identity theft has become increasingly common over the last several years, and with more people collecting unemployment benefits than ever before due to the COVID-19 pandemic, we have seen a sharp increase in unemployment benefits fraud among our clients.

Impacts of Your PPP Loan on Year End Tax Planning

Since the inception of the Paycheck Protection Program (PPP), there have been many questions around the taxability of loan proceeds. As we approach the end of the year, it is imperative to consider the details of your PPP loan in regard to year-end tax planning.

Navigating the New Normal: Payroll Recordkeeping

The subject of payroll has been top-of-mind for business owners this year. The COVID-19 pandemic triggered economic changes that caused considerable fluctuations in the size of many companies’ workforces. Employees have been laid off, furloughed and, in some cases, rehired. There has also been crisis relief for eligible businesses, including the Paycheck Protection Program and the payroll tax credit.

New Hampshire Main Street Relief Fund Reopens

New Hampshire Governor Chris Sununu has authorized the allocation of $100 million from the CARES Act Coronavirus Relief Fund for MSRF 2.0—a second round of funding for the Main Street Relief Fund (MSRF), a program providing economic support to New Hampshire small businesses suffering from business interruptions as a result of COVID-19.

Navigating the New Normal: Customer Service

You’d be hard-pressed to find a business that doesn’t value its customers, but tough times put many things into perspective. As companies have adjusted to operating during the COVID-19 pandemic and the resulting economic fallout, prioritizing customer service has become more important than ever.

Navigating the New Normal: Employee Onboarding

Although many businesses have had to reduce their workforces because of the COVID-19 pandemic, others are still hiring, or may start bringing on new employees in the weeks or months ahead. A thoughtful onboarding program has become more important than ever in today’s anxious environment of safety concerns and compliance challenges.

Navigating the New Normal: 6 Key IT Questions to Ask

As the COVID-19 pandemic continues to impact businesses across all industries, business owners are being forced to reevaluate all aspects of their operations and are relying on technology now more than ever before.