Archives for June 2020
MP partnered with law firm Verrill last week to run a webinar about how to protect your business from legal action in the wake of COVID-19. We covered four major topics: The Families First Coronavirus Response Act (also referred to as the FFCRA), Paycheck Protection Program Loans, reopening your business, and some important pre-COVID employment laws that may apply right now. Read on to learn more about safeguarding your business.
If you’re a restaurant that is reopening for outdoor seating and you’re wondering what you need to train your employees on, then you are in the right place!
There are probably a lot of things that have changed in your restaurants and a question that we’ve been getting is, what do I need to train my employees on? Reopening for outdoor seating has brought a few new things to think about.
In the ever-changing world of the Payroll Protection Program (PPP), it’s hard to know what is really going on. MP is here to save you time and help navigate the abundance of information out there. We’ve created this short video to explain the new PPP Flexibility Act that was signed into law on June 5th. With the signing of the Act came quite a few adjustments to the original guidelines for PPP loan forgiveness that business owners looking to obtain full or partial forgiveness will need to be aware of.
“[I have] just been really inspired by the resilience of a lot of people, a lot of our clients and the amount of innovation that’s going on…We’ve seen some of our clients really pivot their businesses…We have a client that’s a liquor distillery that’s now making hand sanitizer. We have a few clients that are now making PPE to help individuals and companies to stay safe during this time.”
The National Federation of Independent Businesses reports that about 70% of the small businesses in the U.S. applied for the Paycheck Protection Program (PPP), the small business loan program attached to the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The PPP originally authorized up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. In the second round of funding, Congress provided an additional $320 billion for the PPP, enabling more small businesses to apply and get approved for forgivable loans.