As of June 16, 2020 there are now two different applications that can be filled out when it is time for you to apply for forgiveness on your Paycheck Protection Program Loan. One being the Form 3508EZ. This is a much shorter and simpler form most likely for someone who is self-employed. The most common …
A Simple Guide to Fill Out Your PPP Forgiveness Application Form Read More »
What You Need to Know If you are eligible for the Employee Retention Credit then you may take a 50% tax credit on up to $10,000 in qualifying wages per employee. The wages included in this credit must have been paid after March 12, 2020 and before January 1, 2021. The maximum amount of qualified …
The Paycheck Protection Program Flexibility Act On June 5th, 2020 the “Paycheck Protection Program Flexibility Act of 2020” was signed into law. This act works to relieve some of the restrictions originally placed on the Paycheck Protection Program small business loan. Although the bill has not yet passed this blog will point out 6 key …
Okay, you got your PPP funding, Congratulations! This article is going to help you navigate the Do’s and Don’ts and best practices to ensure you qualify to have your loans forgiven. We will discuss what you can and cannot use the funds for in order to have the funds forgiven and what documentation you will …
As a result of the COVID-19 pandemic, more than 16 million Americans have filed for unemployment in the last three weeks. Approximately 350,000 claims filled in Arizona alone. This unprecedented number has challenged the government at both Federal and State level with the unemployment insurance system. Coincidentally, over the past week, HR Wise llc has received …
In such a short period of time the vast majority of states in our country have issued a shelter in place order, something that as Americans we could not even imagine possible. Many business owners are scrambling to keep up with the ever changing dynamics that this pandemic has brought on. Businesses are either having …
Corona Virus Aid, Relief and Economic Security Act, also referred to as “CARES Act” was passed on March 27th, 2020. What does this mean for you as a business owner or as an employee? The bill was passed in order to provide support to individuals, small businesses, corporations, hospitals, state and local governments and education. …
Employers in the United States should continue to prepare for a widespread outbreak of COVID-19, commonly referred to as Coronavirus, as new cases are confirmed daily. Here at HR Wise we have been adjusting to this new way of business just like you and our clients. Within this post you will find our most frequently …
Are you a small business that has been directly impacted by COVID-19? Many companies have had to close their doors during this time to protect the safety and health of their employees and patrons. Here at HR Wise we are constantly researching how we can help our clients get through this difficult time. We are …
The “Families First Coronavirus Response Act” (H.R. 6201) has passed the Senate and been signed by President Donald Trump on March 19, 2020. This article discusses the paid Family and Medical Leave Act (FMLA) and paid sick leave provisions of the Act. The Act was revised slightly from the bill passed by the House of …