Today, the United States House of Representatives passed new legislation which would make it easier for businesses to have their Paycheck Protection Program loans forgiven by relaxing restrictions on how the loan money can be used and extending the period that businesses have to use the funds. The bill would extend the forgiveness period for PPP loans from eight to…
Amid the Coronavirus pandemic, the Texas Supreme Court had issued a temporary pause on both debt collection and eviction proceedings. Now, the Texas Supreme Court is saying that these proceedings can resume this month. Translation? Businesses and debt collectors are going to start asking for payment and/or filing lawsuits. What is Going into Effect and When? Evictions The first day…
With the rise in Coronavirus (COVID-19) cases in the United States, employers are understandably concerned about what this means for their business. As an employer, the main focus that should be emphasized is safety of employees. In addition, now would also be a good time to review policies and procedures that are in place regarding sick leave to reduce legal…
As a business owner, it’s important to develop relationships with various professional services that can help your business, financially and legally. Among the two most important are an accountant and, you guessed it – a business lawyer. Whether a new entrepreneur or established business owner, navigating the requirements and complexities of the law for businesses can be daunting for most.…
Last Thursday, San Antonio City Council members voted to revise the city’s paid sick leave ordinance—a law many believe to be quite controversial. The ordinance requires all San Antonio employers, regardless of size, to grant their employees one hour of earned sick time for every 30 hours worked, with a yearly cap of 56 hours of earned paid sick time.…
On Tuesday, the U.S. Department of Labor issued a rule that extends mandatory overtime pay for 1.3 million workers in the U.S. Currently, workers who earn a salary (not hourly wages) of $23,660 per year or less are entitled to overtime pay for hours worked in excess of 40 a workweek. This number was set back in 2004. The new…
