The Department of Labor (DOL) has issued a final rule on the Independent Contractor Status under the Fair Labor Standards Act. The final rule is part of the DOL’s continued efforts to help employers make the status distinction: employee …
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The phased reopening of the Paycheck Protection Program (PPP) began on January 11th with limited access. For the initial phase of the program’s reopening, the SBA has only accepted loan applications from participating community financial institutions (CFIs). On Friday …
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Congress passed the Consolidated Appropriations Act, 2021, a $900 billion coronavirus relief package, on December 21, 2020. The Act is currently with President Trump and awaits his signature. The legislation includes several provisions that will affect employers, PPP loan …
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The IRS is going back to the future in an effort to avoid fraud, deadline confusion, and filing errors related to reporting nonemployee compensation in 2020. They are reintroducing Form 1099-NEC, a form that hasn’t been used since 1982 …
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