“They share any information that’s available concerning our business or things that might affect our business. And I think they also are very effective in helping you understand why you need to look at things differently if you’re not looking at them the right way.
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We are constantly on the alert for all the latest industry news, legislative updates, trends and more that could possibly impact your staffing business. Our president and CEO, Julie Ann Blazei, also shares her insights on the staffing industry in her message (link below). And when we don’t see information about a topic we feel is critical for you to know, we create it ourselves to share in our monthly email.
In Tom Erb’s “Selling in a Crisis” webinar, he reviewed the silver linings that come with every downturn. These range from scarce, marketable talent becoming available, to the thinning of competition, how recruiters’ value as experts increases, and more.
New information, clarifications, and updates continue to be released regarding COVID-19 relief programs, and specifically for the CARES Act, PPP Loans, and Families First Coronavirus Response Act.
Following is an overview of some of the most important updates and reminders for staffing company owners, including expenses that are forgivable under a PPP loan.
Updates
April 24, 2020: An additional $310 billion in funding added to PPP.
April 15, 2020: Update to Deferral of Employer Social Security Taxes (CARES Sec. 2302)
The Affordable Care Act (ACA) created new reporting requirements under Internal Revenue Code sections 6055 and 6056. Under these new reporting rules, certain employers must provide information to the IRS about the health plan coverage they do or do not offer to their employees.
