The New Law Tennessee Governor Bill Lee signed the Tennessee Pregnant Workers Fairness Act (Senate Bill 2520) into law on June 22, 2020. This new law now requires every employer with at least 15 employees to make reasonable accommodations for their employees or prospective employee’s medical needs. These accommodations stem from pregnancy, childbirth, or other […]
The Paycheck Protection Program (PPP) recently received an extension bill July 4th, offering business owners and self-employed individuals an additional 5 weeks to apply for a PPP forgivable loan (ending August 8th). Roughly 5 million businesses have already received funding; however, there are a large number of people who have still not applied. To date, […]
Every small business owner needs accounting software for his or her company. QuickBooks has remained as one of the most popular accounting platforms for business owners to use today. Product-based businesses with inventory to sell typically use the Desktop version, while service-based businesses and businesses with multiple locations will typically pick the Online Version.
As the PPP deadline of June 30th looms less than a week away, we felt it was important to provide some context for the self-employed individuals looking to take advantage of the nearly $120B still remaining. Background: the Paycheck Protection Program (PPP) is a $660 billion dollar loan program. It was implemented by Congress specifically […]
The SBA announced yesterday, June 15th, that it was reopening the Economic Injury Disaster Loan (EIDL), for both the grant and loan portions. If you are an independent contractor (1099), freelancer, or gig worker, that means that you will be eligible for a $1,000 grant, aka, FREE MONEY – IT DOES NOT HAVE TO BE […]
Well, it has certainly been quite the last couple of weeks with the rollout of the EIDL and PPP loan programs. Hopefully, your business has had the opportunity to apply for one or both of these options, and while funding has not yet been disbursed, I know that we are all hopeful that it will […]
Last night, President Trump signed the Families First Coronavirus Response Act into legislation. The Act will require certain employers with under 500 employees to provide emergency paid sick leave for their employees. Our team has gone through this new legislation, and our general findings are below. It is important to note that this is not […]
When it comes to the coronavirus and proposed payroll tax cut changes, Southern Payroll & Benefits wanted to be sure to update our clients and partners. We realize that in many instances, this outbreak has had a negative impact on your business or personal lives, and we are here to help in whichever manner we […]
