COVID-19 Crisis Response Center
Our partners at ThinkHR are keeping this COVID-19 Crisis Response Center updated daily for the benefit of all of our customers. Check it out for answers to the most frequently asked questions that we are getting here at Unify.
Colorado Healthy Families and Workplace Act
In 2021, Colorado will join 13 other states that have mandatory paid sick leave laws with the “Healthy Families and Workplace Act”. This new regulation requires employers to offer up to 48 hours of sick leave per year to employees. Below is a summary of the rules and regulations. To comply with this law, business … Continued
PPP Flexibility Act – Changes Are Coming
Last night the Senate passed the Payroll Protection Program Flexibility Act, the same bill that had been passed by the House last week. It is expected to be signed by President Trump soon. The PPP Flexibility Act includes many important changes to PPP Forgiveness. Here is a helpful article that covers the changes. We anticipate additional … Continued
New PPP Loan Forgiveness FTE Report
On May 15th, the SBA released the PPP Loan Forgiveness Application. The FTE Calculation is defined on page 7. The exact wording is as follows: “For each employee, enter the average number of hours paid per week, divide by 40, and round the total to the nearest tenth. The maximum for each employee is capped … Continued
PPP News – Potential Extension
We want to provide a quick update on recent PPP forgiveness clarifications as well as news on a potential extension of the forgiveness period. Please see the bottom of the email for info on that. The SBA has released the Paycheck Protection Program Forgiveness Application and with it some additional guidance on forgiveness. This Forbes … Continued
You Received Your PPP Loan — Now What?
As you know, we have attempted to keep you updated with the latest news related to the Paycheck Protection Program (PPP) and its impact on you and your business. Our goal in doing so is to help you to maximize the benefit of this program. As much as we would like to provide personal assistance … Continued
Paycheck Protection Program Forgiveness: Reminders About Factoring in Full Time Equivalent Employees
We hope you are doing well and staying healthy! We want to provide some reminders and updates regarding PPP Loan Forgiveness, particularly regarding how Full-Time Equivalent (FTE) Employee counts factor in. There is still a lot that is unclear about specifics of PPP forgiveness calculations, but one thing that is clear is that … Continued
PPP Loan Forgiveness Updates, Tips and Reminders
Below we have some updates, tips, and reminders that we want to share regarding PPP Loan Forgiveness. There is also an important note about payroll funding timelines at the end of the message. Update: Reports To Help Determine PPP Loan Forgiveness Determining Costs: A great report to help find important information regarding PPP funds is … Continued
Paycheck Protection Program Forgiveness and Taxability
It’s been a crazy few weeks. We were able to help many of you to secure Paycheck Protection Program (PPP) loans. That’s good news. The bad news is that many of you are still in pending status waiting on Congress to approve more funding. We are all crossing our fingers that more money for this … Continued
Families First Coronavirus Response Act: How To Process Payments, Get Tax Reimbursements Through Payroll, And Other Important Information For Your Business
Overview of the FFCRA: – Applicable for businesses with fewer than 500 employees. – Applies to leave taken between April 1, 2020, and December 31, 2020. – (1) Applicable businesses must provide two weeks (up to 80 hours) of paid sick leave at 100% of the employee’s pay where the employee is unable to work … Continued
COVID-19 and CARES ACT Updates
We hope this message finds you and your family safe, and looking forward to a less-stressful Easter weekend. We wanted to give you a quick update on many of the big changes that happened this week. Economic Injury Disaster Loan Grant We are seeing that the $10,000 grant promised to all small businesses is now … Continued
