Issue No. 5: Regulatory & legislative updates you need to follow

This week I’m reading about the many regulatory and legislative updates impacting businesses—some good, some not good. Give these articles a look and let me know what you think. 

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What you need to know about gig worker classification

The U.S. Labor Secretary recently shared he believed gig workers should be considered employees. Gig worker classification isn’t going away, so it’s best to understand now how it could impact your business.

What will labor look like if job trends stick?

Which industries will experience a pandemic ‘job shock’? New data from the Bureau of Labor Statistics shows that if demand for in-person services remains diminished, entire roles could disappear in the next decade.

Where to turn now that the Paycheck Protection Program is out of money

The Paycheck Protection Program (PPP) has run out of money for most borrowers before its planned May 31st deadline. Here are other relief options available for small businesses.

A new retirement savings bill is closer to becoming law

Have you heard of the Securing a Strong Retirement Act of 2021? It’s bipartisan legislation aimed at helping the “retirement crisis” in the U.S. The bill will expand automatic enrollment in 401(k) plans, tax credits for small businesses and more. 

Common questions about the Employee Retention Credit (ERC)

The Employee Retention Credit (ERC) is a tax credit designed to help small businesses and independent contractors. I know many people aren’t familiar with this credit as part of ongoing pandemic relief. This FAQ covers eligibility and availability.