New Funds, Old Problems: 5 Things to Know About the Paycheck Protection Program Process
Last week, it was revealed that the $349 billion government program established to keep small businesses afloat during the pandemic and resultant economic crisis had already run out of money. Administered by the Small Business Administration (SBA), the Paycheck Protection Program funds were depleted after just 13 days. During this brief time, the SBA says […]
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The Legal and Compliance Considerations of Furloughs, Layoffs, and Reduction in Force
In response to the COVID-19 pandemic, many businesses have been lucky enough to find ways for employees to work from home, but not all jobs are compatible via telecommuting. As the economic downturn takes its toll, a loss of revenue can make difficult choices necessary. Depending on your circumstances and the outlook for your industry, […]
Read ArticlePDPM: Everything Skilled Nursing Facilities Need to Know
April 12, 2019 The Centers for Medicare and Medicaid Services (CMS) finalized the Patient-Driven Payment Model (PDPM) in July of 2018. The guidelines will become effective on October 1, 2019. This blog post will explain PDPM in a nutshell. PDPM in a Nutshell: The PDPM is a new classification system. The rules will directly affect […]
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Department of Labor: New Rule on Overtime Pay
The Department of Labor has released its changes to overtime pay regulations with implications that could impact nearly every employer in the near future. Beginning December 1, 2016, workers with salaries under $47,476 ($913 per week), could qualify for overtime pay from employers. The current minimum salary for overtime compensation is $23,660. This shift is […]
Read ArticleACA Compliance Changes for 2017
October 31, 2016 Last year the IRS was “generous” when it came to Affordable Care Act compliance. With extended deadlines and reduced penalties, companies were spared the full impact of inaccurate or incomplete reporting and delayed returns. This year however, companies are in for some big changes. Transition Relief With 2016 considered a transitional year […]
Read ArticleLook-back Periods Rock n Roll & ACA
July 9, 2015 I learn things best by walking through a real life scenario. Reading dictionary definitions or textbooks doesn’t help me as much as walking through how something works in the real world. I’m currently building a guitar amp with my two sons as a fun summer project. We have read the instructions, but […]
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The Affordable Care Act Employer Mandate
Often referred to as “Obamacare,” the Affordable Care Act contains a mandate that requires all businesses with 50 or more full time equivalent (FTE) employees to provide health insurance to at least 95% of those employees and their dependents up to age 26. Businesses with 50 to 99 FTE will need to insure those workers […]
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