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2005, 2020

PPP Loan Forgiveness Application

By |May 20th, 2020|

As you may have heard, late on Friday, the Small Business Administration and Treasury Department released the application (application and instructions for loan forgiveness) that borrowers will use to seek forgiveness for Paycheck Protection Program ("PPP") loans, along with detailed instructions for its completion. The 11-page application contains measures that will benefit borrowers, including an option that lets small [...]

1004, 2020

RMI FFCRA Leave Request Form

By |April 10th, 2020|

RMI knows that you have been inundated recently with information related to both the original federal aid legislation (the Families First Coronavirus Response Act, or the “FFCRA”) and the second major piece of legislation (the Coronavirus Aid, Relief, and Economic Security Act, or the “CARES Act”). RMI has attempted to mitigate the amount of that inundation by limiting the [...]

3103, 2020

RMI CARES Act Update

By |March 31st, 2020|

We know you have many questions regarding the recently passed CARES Act ("the Act"), specifically, what are the next steps? In an effort to keep information flowing, we will produce a series of updates over the next few days as the administrative rules are published. As usual, please seek advice from your CPA, financial advisor, and/or banker on how [...]

2703, 2020

Paycheck Protection Program (PPP) Loan Q & A

By |March 27th, 2020|

On Friday afternoon, the U.S. House of Representatives passed the Senate version of the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act"), and President Trump signed the legislation just a few hours later. In addition to putting money directly in the pockets of many individuals, the CARES Act provides two new avenues for limiting your expenses. First, [...]

2503, 2020

April 1, 2021 date for the Families First Coronavirus Response Act & SBA Loan Information

By |March 25th, 2020|

A couple of timely issues to report. First, the effective date of the Families First Coronavirus Response Act "the Act" has been changed from April 2, 2020 to April 1, 2020. If you are considering making staffing changes prior to the Act taking effect, those should be made by March 31, 2020. Second, our national association has hired the [...]

1903, 2020

The Families First Coronavirus Response Act

By |March 19th, 2020|

As many of you know by now, on March 18, 2020, the Senate passed the Families First Coronavirus Response Act, (the "Act"), which was passed by the House last week. President Trump swiftly signed the legislation, which is effective on April 2, 2020. All public employers and private employers with under 500 employees are covered by the Act (the employee-count number [...]

903, 2020

Coronavirus and the Workplace What You Should Know

By |March 9th, 2020|

On an average day, employers are faced with multiple challenges that impact day-to-day operations, including, employee illnesses, unplanned absences, and workforce productivity. These typical challenges may be exacerbated now that cases of the 2019 novel coronavirus, or COVID-19, are in the United States. Despite this, the Centers for Disease Control and Prevention (CDC) has stated that the immediate health [...]

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