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Tag: Independent Contractors

PPP Loans Become More Favorable for Small Business, Other Important Updates

By Travis Miskowitz, Director, CFO Advisory The Paycheck Protection Program (PPP) became more favorable to small business as the Small Business Administration (SBA) in cooperation with the Department of Treasury, revised the loan calculation for sole proprietors, independent contractors, and those that are self-employed increasing their chances of obtaining a higher loan amount in contrast to existing guidance. Other important updates were included in two new pieces of...

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Payroll/HR End of Year – What You Need To Know

by Lisa Calick, Director of HR Advisory Services It has been quite a year, and most of us are glad to see 2020 come to an end.  Businesses have had to pivot pretty quickly in a number of areas due to the pandemic this year.  Before we ring in the new year, it is important to note the following changes, many of which result from the stimulus relief bill passed by Congress. While this bill is not yet law, employers should be aware of the provisions that may be applicable to them if...

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HR Alert:  New Jersey Issues Poster Regarding Employee Misclassification

By Lisa Calick A new mandatory poster has been made available for New Jersey businesses.  Earlier in the year, Governor Murphy signed into legislation new laws intended to combat worker misclassification.  Part of that package included a requirement for companies to conspicuously post a notice, which has now been released.  While the notice is to be placed at the worksite, there has been no guidance on how to handle that process in our current environment with so many companies operating...

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