June 2, 2020
PPP Loan Forgiveness FAQs
Updated 08/04/2020 The Paycheck Protection Program (PPP) loan forgiveness rules can be quite a confusing maze. Here are some answers to help you navigate the process. New Questions Forgiveness Calculation Model Process Initial Data Input Tab Pay Cycle Input Tabs Utilities Tab Portal Allowable Expenses Payroll Costs Retirement Mortgage and Other Debt Rent and Other …
May 29, 2020
Dispensary Best Practices Checklist for Transitioning Out of COVID-19
As the disruption of COVID-19 begins to enter the reopening phase, dispensaries must be ready to meet existing and new requirements. It’s time to put in place plans for how you will transition out of COVID-19 and propel your organization forward. Here’s a checklist of simple dispensary best practices that should be implemented now for …
May 28, 2020
Proposed Changes to PPP Program Pass First Congressional Hurdle
The House passed the Paycheck Protection Program (PPP) Flexibility Act (H.R. 7010) on May 28 with an overwhelming bipartisan vote — a first step toward it becoming law. The bill was sponsored by Rep. Chip Roy (R-TX) and included a few key changes to the PPP: Extending loan repayment period from 2 to 5 years …
May 22, 2020
10 Compliance and Safety Questions Every Cannabis Company Should Ask
Compliance and safety have always been tremendously important for cannabis companies, and the disruption that COVID-19 has brought to the industry has just increased this importance. We have assembled 10 key compliance and safety questions that every cannabis company should be asking themselves. 1. Have I determined which state and local agencies oversee my operations? …
May 20, 2020
San Francisco and San Jose Adopt COVID-19 Emergency Paid Sick Leave Ordinances
San Francisco and San Jose have joined the list of cities in California that are adopting emergency paid sick leave ordinances to cover the gap left by the Families First Coronavirus Response Act (FFCRA). Los Angeles has adopted a similar ordinance, and Oakland is also considering such measures. Each city’s ordinance differs, but generally they …
May 16, 2020
SBA Releases Loan Forgiveness Application and Instructions
The much-anticipated PPP loan forgiveness application and instructions became available on May 15. This application provides borrowers with both the form on which they will need to submit the loan forgiveness application to their lender, along with desperately needed guidance in the form of attached instructions. The form itself contains four components: The Loan Forgiveness …
May 15, 2020
Managing Your Employee Stock Purchase Plan if Your Stock Price Declines
As the manager of your Employee Stock Purchase Plan, it’s important to understand your options and the consequences if your stock price falls.
Nonprofits Can Improve Donor Management Visibility and Tracking With an Integrated CRM Solution
How nonprofits can dramatically improve their donor tracking and reporting capabilities. Many small- and mid-sized nonprofits operate without a true system of record for donor management. Instead, they rely on groups of spreadsheets that don’t coordinate, which adds time to reporting processes and consumes precious labor resources. By using an industry-specific customer relationship management (CRM) …