Press Releases
What to Know When Applying for the Restaurant Revitalization Fund
What to Know When Applying for the Restaurant Revitalization Fund During the initial three-week period that the RRF program is open, applications will be accepted from all eligible applicants, but the SBA will only process and fund priority group applications. The...

IRS Contends with an Unopened Mail Backlog of Unprocessed Tax Returns and Payments
Throughout 2020, the IRS has struggled to keep up with the manual process of opening US postal mail. As the pandemic took hold, the IRS sent workers home. The offices remained shutdown for most of the spring. With no one on site to perform administrative tasks,...

SBA raises COVID-19 EIDL loan limit to $500,000
The U.S. Small Business Administration is more than tripling the maximum amount that small businesses and nonprofits can borrow under the COVID-19 Economic Injury Disaster Loans (EIDL) program. Starting the week of April 6, the loan limit for COVID-19 EIDL loans will...

Senate Approves Two More Months of PPP, With $79 Billion Left
The U.S. Senate approved a two-month extension of a popular U.S. small-business relief program that still has about $79 billion left to distribute, giving companies until the end of May to apply for the forgivable loans. The Paycheck Protection Program was initially...

IRS to Delay Tax Deadline to Mid-May After Chaotic Year
The Internal Revenue Service is planning to delay the April 15 tax filing deadline by about one month, giving taxpayers additional time to file returns and pay any outstanding levies, according to three people familiar with the discussions. The IRS is still figuring...

American Rescue Plan Act passes with many tax components
The House of Representatives passed the American Rescue Plan Act, H.R. 1319, on Wednesday by a vote of 220–211. It now goes to President Joe Biden for his signature. He is expected to sign it quickly. H.R. 1319 was first passed by the House on Feb. 27. The Senate...

What’s in the $1.9 trillion rescue plan for small businesses
The $1.9 trillion American Rescue Plan Act that President Joe Biden signed into law on Thursday contains a number of provisions intended to help small businesses, especially restaurants. It authorizes another $7.25 billion for the Paycheck Protection Program, which...

How a retirement benefit can be the secret weapon for employee retention
Today, more than ever, good employees are the lifeblood of successful companies. With the retirement crisis becoming more evident during the global pandemic, unforeseen fluctuations in the economy have forced small business employees to reconsider their priorities –...

What Small Businesses Need to Know About 2021 Covid-19 Relief Packages
Congress enacted a number of relief programs to help businesses and their employees financially survive the pandemic. Along with the programs has come a great deal of guidance, some of which has been more confusing than helpful. Giuseppe Salamone of VaroTeam outlines...

Why Outsource HR: Pros and Cons
Why Outsource HR? Companies are constantly faced with the challenge of focusing their time and expertise to grow their businesses. It does not make financial sense for many companies to build the internal expertise to support all aspects of their business so...
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