Blog - Best Practices

     

     

    Best Practices, Legal & Regulatory Updates

    PPP SBA Loan Forgiveness Request

    4/20/2020

    In an Interim Final Rule issued April 14, the SBA provided its process for submitting a request for forgiveness. The rule indicates that the request could be submitted as early as the end of the week seven of the 8-week covered period.  Read more...


     

    Best Practices, Human Resources & Payroll

    Reactivating Employees for Compensation

    4/20/2020

    If you have been approved or have received funding from the a PPP SBA Loan and would like to "reactivate" employees in order to begin paying them during the 8-week covered period, we have provided links to Employee Notices you may want to use.  Read more...


     

    Best Practices, Legal & Regulatory Updates

    CARES Act: Additional Provisions that Might Affect You

    4/20/2020

    The CARES ACT was a $2+ Trillion unprecedented Act of Congress designed to provide relief to Americans who have been negatively affected by COVID-19 and subsequent "Stay at Home" orders. Up until now, most of our attention has been devoted to the SBA Payroll Protection Program loans because it had such a short window of time to respond.  However, the law includes some other elements that could be beneficial for you.  Read more...


     

    Best Practices, Financial Planning

    The CARES Act: Impact on Individuals

    4/20/2020

    There are provisions affecting individuals that range from the stimulus checks which are finding their way to bank accounts or mailboxes, penalty-free retirement plan distributions, increased retirement plan loans, enhanced charitable contributions, and education loan relief.  Read more...


     

    Best Practices, Legal & Regulatory Updates

    The CARES Act: Expanded Unemployment

    4/20/2020

    The CARES ACT, through a provision called Pandemic Unemployment Assistance (PUA), has expanded both the amount that can be collected and who is covered under PUA.  Read more...


     

    Best Practices, Financial Planning

    Are We Seeing Signs of Progress in the Coronavirus Crisis? A Video from Commonwealth Financial Network®

    4/20/2020

    We would like to offer you the opportunity to hear thoughts from Brad McMillan, managing principal and chief investment officer at Commonwealth Financial Network®, our Registered Investment Adviser–broker/dealer.  In this video, Mr. McMillan provides an update on the coronavirus crisis, including its effects on the economy and markets.  Read more...


     

    Best Practices, Legal & Regulatory Updates

    SBA PPP: Managing the 8-Week Process

    4/15/2020

    We've prepared some guidelines to help if you have applied for an SBA Payroll Protection Program (PPP) loan. What's next? Our article explains how you might prepare for loan funding and expense documentation.  While new information and guidance from the SBA is expected, we're providing this feedback in our best effort to keep you abreast of what to expect next as this situation evolves.  Read more...


     

    Best Practices

    Planning for Disasters

    10/7/2017

    Disasters can be life-changing and stressful; however, avoiding the topic doesn’t eliminate the stress or the possibility of a disaster occurring.  Whether a medical emergency or severe weather—like we’ve just witnessed across the southern United States—we know that some disasters are unavoidable.  The best defense in these situations is having compliant policies in place and ensuring your staff is well-trained on them.  Read more...


     

    Best Practices

    W-2 Phishing Scam

    2/17/2017

    The IRS has released an alert on phishing scams intended to steal employee W-2 information.  In particular, the IRS reports not only that this W-2 phishing scam has targeted schools, restaurants, hospitals, and tribal groups, but that it is also evolving to target other industries.  Read more...


     

     

     

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