The President’s memorandum deferring the employee’s portion of Social Security tax starts September 1, 2020 and goes through December 31, 2020. With no additional payroll guidance as of August 27th being provided for the memorandum’s implementation, employers are left questioning if they have to participate, what their responsibility is to their employees, and what they… Continue Reading
Archives for 2020
New USDA Survey
The U.S. Department of Agriculture (USDA) announced last week that there’s a new annual survey of farmers, ranchers and private forestland owners. This survey will help USDA understand what it’s doing well and where improvements are needed, specifically as it relates to the Farm Service Agency (FSA), Natural Resources Conservation Service (NRCS) and Risk Management… Continue Reading
Follow up to Heroes and HEALS – The Outcome
We’ve been keeping a close eye on the Democratic HEROES and Republican HEALS Acts debate among Congress because of the widespread impact to you and the economy. Our report last week (Link to article) gave you a run down of the differences between them and mentioned the impending August 7th deadline. What we didn’t mention… Continue Reading
HUBZone Program Improvements
The SBA HUBZone program fuels small business growth in historically underutilized business zones with a goal of awarding at least three percent of federal contract dollars to HUBZone-certified companies each year. There have been three major purposes for these changes including improving the customer experience, increasing program utilization, and expanding and stabilizing the footprint. This… Continue Reading
Restructuring Farmers are Eligible for Relief from Loan Fees!
The Minnesota Department of Agriculture is providing funds to farmers to lower borrowing costs! Recently, MDA announced that they are providing COVID-19 relief funds to farmers who are restructuring their debt. This relief provides up to half of the loan guarantee fees on USDA Farm Service Agency (FSA) restructuring loans covered through a new Minnesota… Continue Reading
Heroes and HEALS Stimulus – What Has Our Attention
Congress continues to debate on the second round of stimulus designed to throw lifelines to every American in what is being called the “Coronavirus Recession.” Their self-imposed deadline to agree is August 7th and has us watching developments closely this week. Here’s our quick analysis. Democrats have proposed the Heroes Act and Republicans the HEALS Act…. Continue Reading
