COVID-19 News
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Unprecedented UI Benefits May Come at a Cost Down the Road
April 30, 2020Unemployment is expected to reach over 16%. The government is paying $600 in addition to UI benefits. What does that mean for your business and how will previously employed workers be encouraged to reenter the workplace?
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Unemployment Claims Soar Above 5 Million for Second Straight Week
April 17, 2020For the second straight week, first time jobless claims soared over 5 million according to a statement released the Department of Labor. The 5,245,000 new claims bring the four-week total to over 22 million. This is a staggering number that is stressing the economy and creating huge workloads in handling claims – both on the State level and for employers.
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PPP UPDATE: Funds Have Run Out
April 16, 2020Funding for the Paycheck Protection Program is officially out. However, there’s another part of the CARES Act, the Employee Retention Credit, that offers significant relief for small business owners left out of the loan program. In some cases, it even provides more benefit than the PPP. Run the numbers for yourself using our COVID-19 Tax Credit Analyzer and contact us if you need help evaluating your options.
Tax Credit Analyzer
Funds are Running Out. What Does That Mean for Small Business Owners?
April 15, 2020According to the government, the Paycheck Protection Program (PPP) funds are running out, and the Administration and Congress remain at an impasse regarding more funding. What does that mean for small business owners? We break it down and show you how you can make the most informed decision possible regarding the relief you need to sustain your business during the economic hardships created by the COVID-19 pandemic.
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State Unemployment Claims Updates
April 8, 2020As reported before, States are seeing unprecedented volumes of Unemployment Claims. All States have offered specific COVID-19 claims processing guidance and have been disseminating this guidance to employers and third party administrators (TPA). Learn more about how your State's specific guidance here.
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Q&A with Brian Cameron & Suleman Makhani
April 7, 2020In addition to his position as the SBA Business Development Officer at Truist Financial, Suleman Makhani is a small business owner that has a decision to make regarding the PPP and the ERC. Listen along as he and Brian discuss the potential impact of the two programs on small businesses and as Suleman explains his decision on how he is moving forward.
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Compare Your Potential PPP & ERC Benefits
April 6, 2020As Tax Credit experts, HIREtech is here to help you navigate your options regarding the Paycheck Protection Program (PPP), Employee Retention Credit (ERC), and other COVID-19 driven cost savings and tax credits. We have developed a tool that can help give you the clarity you need in choosing which program, the PPP or ERC, provides you the most relief: the COVID-19 Tax Credit Analyzer. The Analyzer intelligently factors in wages paid, shutdown days, employment levels, and other factors to calculate your potential savings. Follow the link below to run the numbers through the COVID-19 Tax Credit Analyzer. There is an option at the end to contact HIREtech for help in exploring this option.
Tax Credit Analyzer
Message on the Employee Retention Credit from CEO Brian Cameron
April 2, 2020
HIREtech customers
It has been a whirlwind week of information overload and legislation, no doubt. I wanted to take a moment and provide further information about the Employer Retention Credit (ERC) included in the stimulus legislation. This credit appears to be a more accessible option for most employers than the Paycheck Protection Program (PPP). Since you may only take advantage of one or the other, it is important to make an informed decision. Very little information has circulated about the ERC, and we want you to know how powerful of an option it can be.
CARES Act and FFCRA Provide Relief for Employers
March 30, 2020The government has sent a message to small business owners through the passing of the CARES Act and the FFCRA - don't give up! Our wishes at HIREtech echo the exact sentiment of the government. So, we've broken down a few of the key provisions in each Act that directly impact our SB clients and their ability to move forward with their business.
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PPP vs. ERC - The Winner May Surprise You
March 30, 2020
As you know, the CARES - Coronavirus Aid, Relief, and Economic Safety Act has thrown our economy a lifeline.
Join CEO Brian Cameron, tax credit specialists Jim Foster and Jacob Setterbo, and our special guest Suleman Makhani, SBA Business Development Officer at SunTrust, on Monday, April 6 at 12:30PM EST as we help you make an informed decision about which program/credit provides the most relief for your business.
Video: Form I-9 Compliance and Remote Hires During COVID-19
March 20, 2020
USCIS is trying to help with the Form I-9 during these trying times.
At first glance, things appear to be easier for employers when it comes to handling Section 2 of the Form I-9 in remote scenarios.
H.R. 6201 - Families First Coronavirus Response Act (FFCRA) - Signed Into Law
March 19, 2020In an effort to provide economic relief to employers impacted by the Coronavirus pandemic, the President has signed H.R. 6201 – Families First Coronavirus Response Act into law. How does this impact you and your business? Let’s take a look at a few of the key provisions.
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USCIS Offices Closed, Effective Immediately
March 18, 2020USCIS Offices Temporarily Closed to the Public. USCIS Response to Coronavirus 2019 (COVID-19).
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