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Accounting

PPP Loan Forgiveness Update

The Latest PPP Update Breakdown

As a small business owner, you likely view The Paycheck Protection Program as a crucial lifeline that’s helped you weather the ongoing Covid-19 pandemic. As you know, PPP loans were designed to be forgiven, provided the loan proceeds were used for “eligible expenses” like payroll costs, rent, utilities and mortgage
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Virtual Meeting

Adapting to Accounting in the time of COVID-19

Adapting to accounting at the beginning of the COVID-19 pandemic meant embracing new norms for the accounting industry as a whole. It was a Friday afternoon in March when the RBT team was instructed to pack up within a few hours and prepare for a remote work from home shift.
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All NY Employers Must Give Sick Leave To Workers: Here’s what to Know

All NY Employers Must Give Sick Leave To Workers: Here’s what to Know

Why is it so important to learn about The New York Paid Sick Leave (NYSPSL) law that was passed back in April, right now? Because in just two short weeks, accruals of NYSPSL must begin, so that means employers need to be ready. For the first time in New York
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Covid-19 Business Impact on Retirement Plans

COVID-19 Impact on Retirement Plans

Businesses that have survived the initial economic shockwave caused by the COVID-19 pandemic have a lot to be proud of. However, with the unpredictability of the fall season looming, it’s important to understand how the decisions you make today will impact your business tomorrow. We previously communicated to our clients
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Paycheck Protection Program Forgiveness

Breaking Down SBA Question 49

After hearing concerns from small business owners across the country about the restrictions of the PPP, lawmakers passed a bipartisan bill called the Paycheck Protection Program Flexibility Act of 2020 to make the PPP easier to use and get forgiven. Still, a lot of confusion remains surrounding the terms of
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Scam Alert

COVID-19 Scams Spreading

Crisis brings out the best — and worst — in people. Some dishonest people have already turned the coronavirus (COVID-19) pandemic to their advantage by preying on unsuspecting victims and exploiting their fears. FTC Reports Rise in COVID-19 Scams In the first quarter of 2020, the Federal Trade Commission (FTC)
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10 Questions as Businesses Decide Whether and How to Reopen

Businesses across America that have been shut down due to the novel coronavirus (COVID-19) pandemic may now (or soon) have the option to reopen. Since no two businesses are alike — even those in the same industry and location — what makes sense for one company could be a disaster
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HIPAA Compliance

HIPAA Compliance and How it Pertains to Employees During COVID-19

Here’s a question from one employer about how the pandemic may affect HIPAA requirements. Q.  Due to COVID-19, our company is planning to take employees’ temperatures and ask them general health-related questions as they report to work each morning. Does HIPAA apply to the information we obtain from employees? A.  HIPAA’s requirements
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