Hacks for Maximizing PPP Forgiveness: How to COVID-Proof Your Business

Employment trends expert Rob Wilson shares exclusive advice on PPP and what employers must know

COVID-19Last week the House passed the Paycheck Protection Program Flexibility Act by 417-1, with the aim of easing strain on small business owners who are being crushed by the coronavirus pandemic and work stoppage.

“The House made important modifications to PPP which really lightened the burden on small businesses,” says Rob Wilson, President of Employco USA and employment trends expert. “They reduced the percentage of the loan which must be spent on payroll down to 60%, which ensures that employers can spend the funds on other necessary business expenses.”

Still, Wilson knows that this won’t be enough for many businesses.

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WEBINAR: Reopening the Workplace (After the Coronavirus Shutdown)

Join Employco USA to learn the latest tips and best practices for getting your location and employees ready to return to work.

During this FREE webinar, we’ll cover:

  • Review of federal, state, and local guidance
  • Advice to assess the risk of your building and processes
  • Tips to evaluate your workforce including an identification of returning and new employees
  • Key management tasks after reopening

You’ll also be able to get some clarity on human resource issues including unemployment and payroll. Employco provides HR and payroll solutions to businesses across the country.

There will be a brief presentation to begin the session, but most of the time will be dedicated to answering your specific questions!

FREE REGISTRATION
You’ll be able to join us at 1:00pm CT on Wednesday, June 3rd from your computer, tablet, or smartphone (you can also dial-in):

REGISTER HERE

You can also use our registration form to submit questions you’d like to see answered/covered during the webinar.

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WEBINAR: New PPP Loan Forgiveness Application & How to Maximize Forgiveness

Webinar 05/28/2020

Join Employco USA to learn the LATEST UPDATE from the SBA including the NEW Paycheck Protection Program (PPP) Loan Forgiveness Application and Instructions.

During this FREE webinar, we’ll:

  • Summarize the updated guidance released on May 15th
  • Discuss the new options to setup your 8-week measurement period for payroll and non-payroll costs
  • Provide details on how to calculate a FT vs FTE employee based on the new 40 hour per week threshold
  • Discuss tips to maximize the forgiveness, and talk about the rules for the portion of the loan that is not forgiven
  • Review how the forgiveness evaluation limits owners’ compensation
  • Illustrate forgiveness reductions through updated scenarios

You’ll also be able to get some clarity on human resource issues including unemployment and payroll. Employco provides HR and payroll solutions to businesses across the country.

There will be a brief presentation to begin the session, but most of the time will be dedicated to answering your specific questions!

FREE REGISTRATION
You’ll be able to join us at 10:00am CT on Thursday, May 28th from your computer, tablet, or smartphone (you can also dial-in):

REGISTER HERE

You can also use our registration form to submit questions you’d like to see answered/covered during the webinar.

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Podcast: The Reopening of Trade Shows

Rob, Scott, and Jason with special guest Larry Arnaudet (Executive Director of ESCA) discuss the reopening of trade shows; from ESCA’s health and safety guidelines for the exhibitions industry, to suggested best practices, show floor recommendations, what phase trade shows are in across the country, scheduled openings and cancellations, what listeners can do (Global Exhibitions Day, June 3rd), and more.

You can find more information on ESCA (Exhibition Services & Contractors Association) online at: https://www.esca.org

To find out more on Global Exhibitions Day (GED) taking place June 3rd, you can visit: http://www.globalexhibitionsday.org

Podcast: The Reopening of Trade Shows

Contact us with any questions you may have, we’re here to help: hr@employco.com

Illinois Gov. Reveals Detailed Plans for Reopening: What Employers Need to Know

Employment expert discusses ‘Illinois Restored’ and the uncertain future

Illinois ReopeningGov. J.B. Pritzker just unveiled his new reopening plan for the state of Illinois. The projected 5-phase “Illinois Restored” plan was created to help safely reopen businesses in the state without causing an influx of COVID-19 infections. But what does Illinois’s phases reopening mean for employers and their staff, and should we expect similar plans from other lawmakers across the country?

“Gov. Pritzker’s reopening plan is based heavily on whether the incoming numbers will support plans to open up the state a bit more,” says Rob Wilson, President of Employco USA. “But, if we are seeing an uptick in COVID-19 infections, a sustained increase in hospital admission, or if Illinois’s hospitals start to become overtaxed, the phases will reset back to the start.”

Wilson says that just because the state is starting to talk about reopening, along with several other states, that we should not expect things to go back to normal right away.

“There is going to be a new normal established,” says Wilson. “For example, many areas (like St. Louis County) are saying they will be adopting a ‘no mask, no service’ protocol in which all employees and customers will be required to wear masks. Other companies say they will stagger the return of their employees, for example, bringing just a handful of employees at a time into the office, and rotating work days so that it does not become too crowded and people don’t congregate too closely to one another.”

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Webinar: Paycheck Protection Program (PPP) Loan Update & How to Maximize Forgiveness

Employco Webinar, 05/07/2020

Many of you have questions about the Paycheck Protection Program (PPP) loan and we’d like to help break it down by giving you the opportunity to participate in a FREE webinar entitled:

Paycheck Protection Program (PPP) Loan Update & How to Maximize Forgiveness” with Employco USA.

During this webinar, we’ll:

  • Summarize the law
  • Provide details on the 8-week measurement period
  • Discuss tips to maximize the forgiveness
  • Talk about the rules for the portion of the loan that is not forgiven

You’ll also be able to get some clarity on human resource issues including unemployment and payroll. Employco provides HR and payroll solutions to businesses across the country.

There will be a brief presentation to begin the session, but most of the time will be dedicated to answering your specific questions!

FREE REGISTRATION
You’ll be able to join us at 10:30am CT on Thursday, May 7th from your computer, tablet, or smartphone (you can also dial-in):

REGISTER HERE

You can also use our registration form to submit questions you’d like to see answered/covered during the webinar.

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Managing a Remote Workforce During Quarantine

How to lead your team effectively during the COVID-19 pandemic          

Remote WorkIn 2018, only 24 percent of U.S. workers worked from home on a consistent basis. But, as of last month, 67 percent of employers were taking steps to allow employees to work from home in order to cope with social distancing guidelines. And, as social distancing time frames have been lengthened across the country, employers need to reconsider their new management styles and how to motivate and engage employees who may feel ‘out of sight, out of mind.’

“Leading a team of remote employees will require a bit of a learning curve,” says Rob Wilson, President of Employco USA and employment trends expert. “This is a unique situation that is going to force managers and employers to be adaptive and creative.”

Wilson says that companies need to respond to the COVID-19 quarantine by first adapting their employee handbook and communicating new guidelines and expectations to employees.

“Meet with your department heads, supervisors and HR staff to come up with a work from home policy which can be emailed or mailed to your staff,” says Wilson. “List out expectations regarding timesheets and how work hours need to be recorded. Remind staff that they still need permission to work overtime or to shift their work schedules. For example, if you have employees who are parents that need to take into account their child’s e-learning time, be flexible about letting employees tack on an hour at the start or end of the day, if they need time off midday to manage childcare requirements.”

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Webcast: Navigating the CARES Act and COVID-19

Employco Webcast


Podcast: Coronavirus (COVID-19) Updates

Rob, Scott, and Jason podcast remotely from their homes and discuss the latest updates on COVID-19; from new laws that have been passed and what they have to offer to the difference between furloughs and layoffs, a breakdown of the Families First Coronavirus Response Act, preliminary information on the CARES Act, and more.

Coronavirus

Contact us with any questions you may have, we’re here to help: hr@employco.com