Where Loans for Small Businesses Are Going

An interesting article by the Wall Street Journal detailing who is getting the Small Business Loans, what industries, and how much they are getting.   Authors – Anthony DeBarros and Yuka Hayashi April 15, 2020  Most of the federally guaranteed small business loans approved so far are for less than $350,000, with the construction industry the biggest beneficiary, according […]

Millions of Americans to receive relief funds this week!

According to the U.S. Treasury Department, by mid-week 10’s of millions of Americans will have received their CARES Act relief funds. The IRS started depositing the first wave of stimulus checks into American’s bank accounts on Saturday April 11th.  Those initial deposits were being made to the bank accounts on file for those who filed […]

HOLD ON SMALL BUSINESSES. The Cavalry is on the way!

Today (Thursday April 9th) Federal Reserve Chairman Jerome Powell shared that the government has set up new loan programs and reinforced existing ones by approving $2.3 trillion in funding and lending support for businesses and the economy. Basically, the U.S. Treasury Department is providing much needed support by using the central bank’s powers to fight […]

Will temperature checks become commonplace moving forward?

As everyone contemplates what the “new norm” will be like after the Coronavirus crisis is behind us, public testing of some form seems to be a given. However, testing for the virus takes time and money. So, it is not likely that we will see swabs and needle pricks as a common testing method across […]

PPP Loan Processing: David versus Goliath

Observations this morning from Larry Kudlow (Director of the U.S. National Economic Council) are that the smaller community and regional banks are outperforming the major banks thus far (including Wells Fargo, Bank of America and Chase Bank) in processing PPP loan submissions. In fact, we can report that our PEO clients that have utilized the […]

Summary of the SMALL BUSINESS PAYCHECK PROTECTION PROGRAM

We have been getting a lot of  questions about the payroll programs the Government is setting up. The Treasury Dept. made this quick one page summary to break down some of the questions and answers that employers have been seeking. The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of […]

Dallas County has issued new rules for Construction companies

While Dallas County continues to be at the forefront of issuing new orders for the public’s safety in Texas, we anticipate rules similar to these going into effect in other counties soon. This document provides guidance for persons and business associated with the building and construction industries and trades on the meaning and application of Order […]

Stimulus Update – What is the next phase & What is included the plan so far

It was a unanimous vote in the Senate Wednesday night to pass the “Keeping Workers Paid and Employed Act” which now moves to the House of Representatives.  Most on Capitol Hill expect the Bill to make its way through the House sometime on Friday (March 27th). The Bill will help to prevent workers from losing […]

Pandemic Relief on the way! Massive $2T Aid Bill passes through Senate

It’s early, but information concerning the Coronavirus Aid Bill that has made its way through the Senate are being released.  This information and additional updates will be released throughout the day, however, here are a couple of important facets of the Bill that are being shared by the media: Checks for $1,200 for people making […]

Shelter in Place orders vary. Be sure to review those related to your locale.

As numerous organizations, associations and agencies urge Texas Governor Greg Abbott to issue a statewide “shelter in place” order several cities and counties have already done so. Interestingly, not all of those cities and counties have adopted the same definitions, terms and conditions within the orders they have prepared or issued.  One difference of particular […]