Bluefin has expanded the capabilities of its PayConex Omnichannel Gateway to support Flexible Spending Account (FSA) and Health Savings Account (HSA) payments.

1. Bhool Bhulaiyaa 3 Box Office Collection Day 12: Kartik Aaryan Delivers 402% More Than His Entire Paycheck For The Horror-Comedy!  Koimoi
2. Bhushan Kumar reveals favouritism behind Bhool Bhulaiyaa 3 and Singham Again Diwali clash: 'I even met Aj  TOI Etimes
3. Hindi video: Bhool Bhulaiyaa 3 Ami Je Tomar 3.0 full video goes viral; who won dance dare, Madhuri Dixit or Vidya Balan?  Mint
4. Bhool Bhulaiyaa 3 vs Singham Again box office collection day 12: Kartik Aaryan-led horror comedy, Ajay Devgn's film in neck-and-neck fight ahead of Kanguva release  Business Today
5. Kartik Aaryan smashes records with Bhool Bhulaiyaa 3, becomes youngest actor to join crore 200 club  Hindustan Times

Minimum wage increases in states across the country are helping drive up wages, although the rate of job growth at small businesses has slowed down, according to payroll giant Paychex.

The Paychex | IHS Markit Small Business Employment Watch, which Paychex compiles with the research firm IHS Markit, ended the year with a decline in small business job growth, but with wages higher compared to the previous year. The Small Business Jobs Index slipped to 99.70 in December, down 0.16 percent for the month and 0.78 percent for the year.

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Many small business owners show skill earning money. But still fall short when it comes to managing it. Sure, they may have built a successful company. But too many still live paycheck to paycheck.

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Small businesses drive the economy and create the lions share of jobs in the private sector economy. However, right now they are struggling mightily. Although it is recommended that companies have at least six months’ worth of revenue in the bank to weather economic disruptions such as the coronavirus, the reality is that most small companies don’t have enough cash to operate more than a couple of weeks.

For the service industry: restaurants, nail salons, haircutters, landscapers, athletic trainers, and others, the loss of weekly revenue is devastating for the owners and staff of small businesses. Most service workers live paycheck to paycheck and cannot go very long without being paid. We have already seen an enormous spike in unemployment claims, ending an era when the economy has basically been at full employment.

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PayComplete has unveiled a report that...

The Complaint alleges that PayCor misclassified its implementation consultants as exempt and improperly denied them overtime pay when they worked overtime hours.

Shanna LaFountain has been a nursing assistant in New England for 20 years. About two months ago, in the middle of the coronavirus pandemic, she stopped working. "It was an extremely hard decision," she said. LaFountain has three children and made the decision once their schools closed and their learning went online. "My son was not answering teachers, not doing assignments," she said. "I had to be home with my children." Instead of working, she gets state unemployment benefits and receives another $600 each week from the federal government. She is making more money now than when she works. LaFountain is not alone. As part of the CARES Act, the federal government added an extra $600 per week to individuals' unemployment checks. Such benefits may be available not only to those who were let go but also to those who quit their jobs due to the virus. While a Federal Reserve report said the expanded benefits provide a critical lifeline to many individuals, there is concern that the

Reaction from Fox News contributor Mike Huckabee, former governor of Arkansas and Republican presidential candidate.

NECA is pleased to report that the U.S. Treasury Department released new guidance on April 7, 2020, clarifying that companies with under 500 employees do qualify for loans under the new Paycheck Protection Program (PPP). This change comes after association staff raised concerns with Congressional leaders and officials at the Small Business Administration and the Department of Treasury.

Tracking expenses is an important part of maximizing PPP loan forgiveness. Once you identify which expenses are eligible for PPP forgiveness, it’s time to start keeping track of these expenses and calculate your potential forgiveness amount. The Anders CARES Act Research and Response Team put together tracking tools you can use to make it easier...

The post Paycheck Protection Program (PPP) Loan Forgiveness Calculators appeared first on Anders CPA.

1. Administration Calls for Additional Funding for PPP

One of the most popular programs created in the CARES Act, the Paycheck Protection Program (PPP), has released over $70 billion to small businesses to help them remain viable during this pandemic. Due to the large demand, the Administration has requested additional funding for that program in a letter to Congressional leaders.

NECA’s look Ahead: Senate Democrats requested an additional $250 billion for hospitals and local governments in addition to funding for the PPP while Republican leaders argued that funding for the PPP is the only account that requires additional immediate funding at this time. The Senate adjourned on April 9, 2020 unable to pass additional funding for the PPP under unanimous consent.

2. Treasury Guidance Clarifies Qualifications for PPP Borrowers

With the passage of the CARES Act, many agencies have been scrambling to enact the reforms and programs developed in rapid time. One such program, the Paycheck Protection Program, which allows substantial loans to be granted under favorable terms by the Small Business Administration, came under scrutiny for potentially requiring businesses to meet both size and revenue requirements instead of just the size requirements (under 500 employees) originally required. While this scrutiny came from an over-cautious interpretation of an earlier guidance, the Treasury Department offered additional guidance to make it clear to borrowers that they may meet either the revenue standards listed under a given NAICS code or qualify by having less than 500 employees. 

NECA’s Look Ahead: NECA worked with key leaders once the CARES Act was signed into law to attain greater clarity on this issue for our contractors. This new change will give NECA contractors the predictability they need to move forward with the new SBA loan program. We will continue to monitor the implementation of the CARES Act and continue to maintain in constant conversation with Congressional staff and agency officials to communicate the needs of our members. 

3. DOD Releases Rule on Payment to Small Business Contractors

Earlier this week the Department of Defense (DOD) released a final rule on the defining and implementation of accelerated payments to classified small businesses under DOD contracts. The rule (DFARS Case 2018–D068) which finalizes the implementation of a section from 2019’s National Defense Authorization Act urges the federal government to pay small business contractors within 15 days of the receipt of a proper invoice. While this is only a goal for the federal government and not a direct mandate, which NECA advocated for in the past, we view this final rule and its upcoming full implementation as a positive step forward.

NECA’s Look Ahead: We encourage NECA contractors to read the final rule and monitor its implementation on DOD contracts. With your feedback and on-the-ground experiences, we will be better able to make lawmakers and agency officials aware of its progress.

1. OSHA Issues Additional Guidance on COVID as Recordable Illness

On April 10, 2020, OSHA released updated enforcement guidance for recording cases of COVID-19. The guidance clarifies that OSHA’s recordkeeping requirement for COVID-19 as a recordable illness applies to those in the healthcare industry and emergency response organizations. OSHA will not enforce its recordkeeping requirements to employers outside of these sectors.

NECA’s Look Ahead: NECA has been working with OSHA to make this clarification to ensure that NECA contractors are not responsible for recording COVID-19 on their OSHA 300 logs on the basis that it is impossible to prove COVID-19 was contracted on the jobsite.

2. GSA Issues Order Allowing Electronic Signatures for Bonding

NECA Government Affairs has worked with allied groups in the construction industry to push the General Services Administration (GSA) to issue an order allowing bonding vendors and sureties to use electronic signatures instead of the typically required ‘wet’ signatures. By doing so, our contractors can receive bonding, necessary on a majority of jobs, sooner and with less unnecessary contact during these challenging times.  We are pleased to announce that this reform was recently issued. While this strictly applies to only GSA contracts, NECA government affairs, along with others, is working to spread this reform to the entirety of the federal government.

NECA’s Look Ahead: Our contractors commend the GSA for their prompt response and reasonable revision. NECA will continue to work with the GSA and other construction industry groups to push for responsible reform and the removing of barriers to our industry’s reinvigoration.

3. NECA Calls for Additional Funding for Paycheck Protection Program

NECA and many of its Chapters joined over two hundred trade associations in sending a letter to Congress to urge emergency funding for the Paycheck Protection Program (PPP). The PPP has been very successful and widely utilized by the construction industry according to the Small Business Administration. The program ran out of funding on April 16, 2020.

NECA’s Look Ahead: With both the House and the Senate officially out of session until May, it  seems unlikely that Congress will be able to agree to and pass by unanimous consent, NECA remains committed to urging Congress to continue to fund this important program and return to Washington D.C. to start critical negotiations for Phase IV COVID-19 legislation. 

Tracking expenses is an important part of maximizing PPP loan forgiveness. Once you identify which expenses are eligible for PPP forgiveness, it’s time to start keeping track of these expenses and calculate your potential forgiveness amount. The Anders CARES Act… Read More

The post Paycheck Protection Program (PPP) Loan Forgiveness Calculator appeared first on Anders CPAs.

Paycheck Protection Program Helping Contractors aconstanza Mon, 05/04/2020 - 12:47

On this edition of Your Call’s Media Roundtable, factory workers in Ciudad Juarez are protesting to demand the closure of assembly plants along the US-Mexico border. Many are still open despite the growing coronavirus death toll among the workers.

Beto O'Rourke on the economic plight of African Americans.

Portland’s CJ McCollum says many players are hurting

This paper takes an early look at the Paycheck Protection Program (PPP), a large and novel small business support program that was part of the initial policy response to the COVID-19 pandemic. We use new data on the distribution of PPP loans and high-frequency micro-level employment data to consider two dimensions of program targeting. First, we do not find evidence that funds flowed to areas more adversely affected by the economic effects of the pandemic, as measured by declines in hours worked or business shutdowns. If anything, funds flowed to areas less hard hit. Second, we find significant heterogeneity across banks in terms of disbursing PPP funds, which does not only reflect differences in underlying loan demand. The top-4 banks alone account for 36% of total pre-policy small business loans, but disbursed less than 3% of all PPP loans. Areas that were significantly more exposed to low-PPP banks received much lower loan allocations. As data become available, we will study employment and establishment responses to the program and the impact of PPP support on the economic recovery. Measuring these responses is critical for evaluating the social insurance value of the PPP and similar policies.

Americans required to "shelter in place" should also be entitled to "shelter in job."

If you’re a big business and you abused the Small Business Association’s new Paycheck Protection Program, you’re getting very close to the deadline for you to pay the government back. If you don’t, that means the government is going to be coming after you — and you can definitely be ready for an audit. That’s…

The post Big Businesses That Abused Paycheck Protection Program Should Get Ready for an Audit appeared first on The Western Journal.

The Association is waiting for clear guidance from the Small Business Administration on the best way to help dentists considering applying for Paycheck Protection Program 7(a) loans.

Dentists can apply for both Economic Injury Disaster Loans and Paycheck Protection Program 7(a) loans, the Small Business Administration told the American Dental Association on April 6.

The Small Business Administration said that as of April 16, the agency is unable to accept any new applications for the Paycheck Protection Program or the Economic Injury Disaster Loans due to a lack of funding.

The House of Representatives passed a new coronavirus relief bill April 23 that calls for additional funding for federal loan programs to help businesses nationwide, including dental practices, recover from the economic fallout of the pandemic.

The Small Business Administration will resume accepting Paycheck Protection Program loan applications at 10:30 a.m. EST on April 27 from “approved lenders on behalf of any eligible borrower,” the agency said.

The Organized Dentistry Coalition is asking Congress for flexibility in the Paycheck Protection Program to allow dentists to purchase personal protective equipment as states begin the reopening phase of the COVID-19 pandemic.

To view more press releases, please visit http://www.snl.com/irweblinkx/news.aspx?iid=1024452.

To view more press releases, please visit http://www.snl.com/irweblinkx/news.aspx?iid=1024452.

To view more press releases, please visit http://ir.wintrust.com/news.aspx?iid=1024452.

To view more press releases, please visit http://ir.wintrust.com/news.aspx?iid=1024452.

Amid the finger-pointing and blame-throwing about the mess that is the Paycheck Protection Program, the U.S. Treasury and Small Business Administration seem to have forgotten why Congress enacted it: so businesses would keep people on payroll instead of laying them off. The PPP idea is simple: rather than have businesses lay off tens of millions…

Amid the finger-pointing and blame-throwing about the mess that is the Paycheck Protection Program, the U.S. Treasury and Small Business Administration seem to have forgotten why Congress enacted it: so businesses would keep people on payroll instead of laying them off. The PPP idea is simple: rather than have businesses lay off tens of millions…

Amid the finger-pointing and blame-throwing about the mess that is the Paycheck Protection Program, the U.S. Treasury and Small Business Administration seem to have forgotten why Congress enacted it: so businesses would keep people on payroll instead of laying them off. The PPP idea is simple: rather than have businesses lay off tens of millions…

The inspector general also found the SBA and Treasury Department issued requirements for loan forgiveness that do not align with law.

The short-term pain of job losses, furloughed and unemployed workers in food bank lines miles long, may lead to worse long-term effects: a deep, permanent dent on America's competitiveness.

The Department of the U.S Treasury updated its guidance on the Paycheck Protection Program. CNBC's Kate Rogers reports the details.

Network Ten offered former Channel Nine star Lisa Wilkinson a rumoured $2million contract to anchor its new show, The Sunday Project.

It shouldn't be much of a burden on the power couple, as Verlander signed a two-year, $66million contract extension last March, the highest-ever average annual salary for a pitcher.

Ministers in New Zealand agreed to a 20 per cent cut on Wednesday but Prime Minister Scott Morrison said paycuts were 'not being considered' in Australia.

Football is poised for an extraordinary week of wage cuts across the board as the game attempts to forge a way out of the coronavirus crisis at Friday's Premier League shareholders' meeting.

Donald Trump blamed Democrats for 'killing' small businesses as the $350 billion paycheck protection fund ran dry Thursday morning.

There is still no deal for an expansion to the payment protection program - even though lawmakers and White House officials said they were hopeful a deal would be reached by Monday morning.