News & Events

As a follow-up to our PPP Loan Forgiveness: Calculator and FAQs post, below is more information from the SBA on re-hiring employees.

The SBA recently issued favorable guidance addressing problems small-business owners have faced in bringing back workers. The guidance, issued last week, states that if a small business makes a written offer to re-hire a worker and that worker chooses not to accept, then the employee will not be counted against the small business for purposes of the FTE forgiveness-reduction rule.

The Paycheck Protection Program, a first-come, first-served fund of $349 billion approved by Congress and signed by President Donald Trump in March, was designed to assuage some of the financial burden for the nation’s small business owners. Due to high demand, the program reached capacity quickly and the Small Business Administration announced today that it is unable to accept new applications. It is unclear at this time whether Congress will authorize additional funding.

As we continue monitoring the ever-changing situation around the Coronavirus (COVID-19) we want to make sure we continue to provide you with the most current information regarding your medical benefits and coverage. 

As we continue to monitor Coronavirus (COVID-19) developments closely and better understand the unique times we are in, we thought it was important for you to hear from us.

In the cities of Dallas, San Antonio and Austin, Texas, city ordinances passed in the years 2018 and 2019 that require employers who employee employees within these cities to start providing their employees with earned paid sick time, also known as the earned paid sick time ordinance. These sick days must be provided in addition to any company vacation days that are currently provided. If an employee gets sick or has a doctors' appointment, and they miss time from work, they can lose out on money that they need to support their family. These ordinances help to ensure an employee does not lose out on money from a paycheck because they were ill. 

Guidance for Businesses and Employers to Plan and Respond to COVID-19

As the evolving Coronavirus (COVID-19) epidemic affects the workplace, we begin to realize there are a multitude of factors that need to be considered when formulating an appropriate response plan. These factors include, but are not limited to, the nature of the epidemic, size of the business, the specific industry, the demographics of the workforce, and operational needs.

As a small business owner, you have to wear many hats, or work a variety of different positions, in order to run and operate your business efficiently. Being a small business owner is a lot of work and requires a lot of your time. Here are just some of the many hats that a typical small business owner has to wear when they are working to get their business off of the ground. 

As an employer in Texas, it is important that you understand overtime pay and overtime exemptions. If you fail to properly pay your employees, you could be violating federal law and state law. You may face fines and may have to pay your employees what they were legally owed plus penalties and interest. Unfortunately, not every employer fully understands overtime pay and overtime exemptions in the state of Texas, and the laws regarding exemptions recently changed at the start of 2020. Here is more information about overtime pay and overtime exemptions in Texas.