With the May 14, 2020 Safe Harbor date rapidly approaching, as expected, the SBA just released new guidance in the form of FAQ #46 regarding PPP loans in an amount less than $2 million. Based on the information contained in this document, it seems that PPP loans under $2 million will not be subject to…
Read MoreFor anyone considering a business acquisition, now may be a great time to do it. Many buyers finance business acquisitions using 7(a) loans. A 7(a) loan is a general-purpose loan up to $5 million, which can be used to purchase a business, purchase equipment, or obtain working capital, among other uses. 504 loans are loans…
Read MoreBeginning last week on Wednesday, April 1st, in South Carolina non-essential businesses, venues, facilities, and services were ordered to be closed to non-employees and the public. In the latest Executive Orders issued on April 3 rd & 6th, South Carolina Governor McMaster has further defined which businesses must be closed. The latest “Home or Work…
Read MoreThe U.S. House of Representatives recently passed the bill that was drafted in coordination with the Executive branch and is currently before the U.S. Senate for final approval. Here are 3 Key Takeaways about proposed revisions to the Family and Medical Leave Act (“FMLA”) for Employers: 1. FMLA has been amended to provide coverage to…
Read More1. Is it legal to ask an employee to work from home or leave work if they show signs of infection? An employer can ask an employee to seek medical attention and get tested if they present with symptoms for COVID-19. Similarly, an employer may require an employee to go home if the employee displays…
Read MoreAs many are aware, on March 11, 2020, President Trump issued a proclamation banning travel for foreign nationals whom have traveled to many areas in Europe within 14 days of entry or attempted entry into the United States. The relevant areas in European, collectively known as the “Schengen Area”, includes Austria, Belgium, the Czech Republic,…
Read MoreSocial Security Withholdings for Foreign Nationals If you own a business and/or earn wages in the United States, you know that, generally, you have a withholding obligation from such earnings for Social Security and Medicare taxes. For foreign nationals working or earning income in the U.S., such withholding may present a bit of a conundrum…
Read MoreLeap years are added to the calendar to keep it working properly. The 365 days of the annual calendar are meant to match up with the solar year. A solar year is the time it takes the Earth to complete its orbit around the Sun — about one year. But the actual time it takes…
Read MoreEarlier this year the California state legislature, employee-ng state in America finally passed a law requiring gig economy tech companies to treat drivers as employees rather than independent contractors. As the gig economy has grown over the last several years, there has been much debate about the proper legal designation for drivers. When workers are…
Read MoreVor zwei Jahren trat das Gesetz zur Förderung der Transparenz von Entgeltstrukturen, das Entgelttransparenzgesetz (EntgTranspG), in Kraft. Das Gesetz soll die Lohngerechtigkeit nach dem Gebot ‘gleicher Lohn für gleiche oder gleichwertige Arbeit’ zwischen Frauen und Männer fördern, so zumindest nach den Vorstellungen des Gesetzgebers. In der Tat räumt das Gesetz den Arbeitnehmern einen wichtigen Anspruch…
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