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Paycheck Protection Program – Loan Forgiveness

2020-05-04T19:23:50+00:00Payroll|

The Paycheck Protection Program (PPP) is a loan from your bank backed by the Small Business Administration (SBA) designed to provide a direct incentive for small businesses to keep their workers on the payroll during the COVID-19 crisis.The SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll and other specific expenses.

The CARES Act

2020-04-15T13:56:44+00:00Human Resources|

The CARES Act was signed by President Trump on Friday, March 27, 2020. It is important to understand the provisions of this Act as well as the Families First Coronavirus Response Act (FFCRA) before making decisions related to payroll costs and staffing.

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