Published January 31, 2023 Workers’ compensation insurance is one of the most important coverages for construction companies and contractors
For each individual employee, the total amount of cash compensation eligible for forgiveness may not exceed an annual salary of $100,000, as prorated for the Covered Period
a news organization that is majority owned or controlled by a NAICS code 511110 or 5151 business or a nonprofit public broadcasting entity with a trade or business under NAICS 511110 or 5151, that employs no more than 500 employees (or, if applicable, the size standard in number of employees established by SBA in 13 C.F.R. 121.201 for your industry) per location; or another type of entity specifically provided for by PPP rules In addition, you had to be in operation on February 15, 2020, and either had employees for whom you paid salaries and payroll taxes or paid independent contractors, as reported on a Form 1099-MISC or you were an eligible self-employed individual, independent contractor, or sole proprietorship with no employees
OFCCP assesses contractors’ compliance with affirmative action and non-discrimination requirements primarily by conducting compliance reviews that include a comprehensive evaluation of the contractor’s recruitment, hiring, promotion, termination, and compensation efforts
Paycheck Protection Program A central provision of the Act is the “Paycheck Protection Program,” which provides forgivable SBA loans to businesses with 500 or fewer employees (generally), including sole proprietors and other self-employed individuals
The CARES Act created a Pandemic Unemployment Assistance program that expands coverage to individuals who would otherwise not be qualified for benefits, including self-employed workers, independent contractors, and part-time workers
With these added risks, the focus upon insurance not only concerns property polices but also involves coverage under workers compensation/employer liability and commercial general liability programs
Human capital risk management holds that employees are the primary asset of companies. Companies that truly care for workers yield a sustainable competitive advantage from building a caring culture
The newly issued guidance confirms that: Loan terms will be the same for all borrowers. All businesses — including nonprofits, veterans organizations, Tribal Business concerns, sole proprietorships, self-employed individuals and independent contractors with 500 or fewer employees that were in operation on Feb. 15, 2020 can apply