What is AB-5? On September 18, 2019, California Governor, Gavin Newsom, signed Assembly Bill No. 5 (AB-5), which went into effect as of January 1, 2020, setting a new standard for determining whether workers should be classified as employees or as independent contractors. AB-5 has caused a lot of confusion and disruption to the small […]
Issues with Stimulus Payments – What You Need to Know
On April 15, 2020, the IRS opened a Direct Deposit Portal on their website to provide status updates on the Economic Stimulus Payment for taxpayers. By clicking here, you will be able to: Enter your bank information for direct deposit if you have not previously requested direct deposit on a return. Confirm the payment type: […]
Which One Should I Apply For- PPP or EIDL?
In an effort to combat the negative impact COVID-19 has on small businesses, the CARES Act is offering low interest rate loan programs for working capital, two of which are very popular. The first one is the Paycheck Protection Program (PPP). The second one is the Economic Injury Disastrous Loan (EIDL). Let us unpack these […]
Paid Leave Under the New Coronavirus Law- Who Qualifies?
In an effort to help our country endure the economic uncertainties of the COVID-19 Pandemic, Congress has passed the Family First Coronavirus Response Act (FFCRA) on March 18, 2020. This requires employers to provide financial support to employees impacted by COVID-19. These mandates apply only to employers with fewer than 500 employees. This act comes […]