At the end of last year, ZDNet posted an article saying that businesses should expect to be screwed by ransomware in 2022. We have all heard of ransomware, and some have even been hit by it. Those who have know it is crippling and expensive to remedy. So, the question is are you prepared for it or prepared to be screwed by it?
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Last month, the EEOC issued guidance regarding whether or not employers can require employees to obtain the Covid-19 vaccination as a condition of employment. Under the EEOC guidelines, the answer is “Yes, but.”
Everyone in business wants to collect their accounts receivable. It’s easy – you earned the money and you should be paid; however, that is not always how it works out. And, when the account is not paid, you inevitably have to decide whether to file suit to collect the account, and whether you want to spend the money to do so. There is no question that lawsuits are expensive, and that leads to the question of whether the costs can be kept in check and whether attorney’s fees and litigation expenses can be recovered. The answer to the first question is now “Yes,” and the answer to the second is “Well, maybe.”
Yesterday, the Small Business Association (SBA) released the revised Paycheck Protection Program Loan Forgiveness Application. The application form can be obtained through the SBA’s website by following this link: Application.
The year 2020 brought us a perfect storm of economic disaster. Covid-19 hit with a vengeance leaving many unemployed with little foreseeable relief. Businesses have faltered from the shut-down and uncertainties that came with it. The collapse of the oil industry added insult to injury. Customer orders have been cancelled and customers are not returning because their customers are likewise not returning. Businesses fortunate to receive money under the Payroll Protection Program loans have exhausted those funds or will in the not too distant future with little to no relief on the horizon. Looking forward, it is hard to see the light at the end of the tunnel. What do they do?
Last Friday, the federal government enacted the Paycheck Protection Program Flexibility Act (PPPFA). The PPPFA was designed to make it easier for PPP loan recipients to obtain full forgiveness of their loans. The following are some of
the changes to the original payroll protection program.