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SBAM | Understanding Furloughs and Employee Benefits

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Many businesses that were thriving before the pandemic now find themselves having to make difficult decisions, including whether to furlough or lay off employees. This task is not as simple as cutting payroll. Other factors must be considered. For example, furloughed employees are treated differently than laid-off employees when it comes to employee benefits.

 

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SBA and Treasury Announce Simpler PPP Forgiveness for Loans of $50,000 or Less
The U.S. Small Business Administration, in consultation with the Treasury Department, released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less.
 

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Working Parents Fear Job Loss During Pandemic
More than half of working parents fear being a parent is a strike against them in the workplace during COVID-19. According to the new Catalyst-CNBC survey, The Impact of COVID-19 on Working Parents, nearly 40% of working parents say that their employer does not have enough benefits for parents to support blended or virtual learning amidst the uncertainty of students of all ages returning to school.
 
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New Epidemic Orders Issued
To reduce confusion following the Supreme Court decision, MDHHS issued orders on October 9th, following existing executive orders as much as possible under the different law, to prevent and control the spread of COVID-19.
 

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This week we’ll talk about what to do if your business is the target of defamation. Attorney Denise Pollicella, owner of Pollicella and Associates, and social media expert Jennifer Sleeper, help us tackle the tough topic of how to handle defamation in this digital age.

 

“Focus on Business” airs Sunday at 11:30 a.m. on WLAJ, or you can catch the episode here after the show airs.

Small Business Association of Michigan

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