All employers in Massachusetts are required to provide up to 40 hours of job-protected, paid leave for various COVID-19-related reasons. Massachusetts Governor Charlie Baker signed House Bill 3702 into law on May 28, 2021. The MA Emergency Paid Sick Leave (“MA EPSL”) will take effect on June 7, 2021, and will extend through September 30, 2021, or until the $75,000,000 fund established to reimburse … [Read more...]
How To Navigate PPP Loan Forgiveness, 1st And 2nd Draws
Why was the Paycheck Protection Program (PPP) loan created? The Paycheck Protection Program (PPP) was created by the CARES Act to provide forgivable loans to eligible small businesses to keep American workers on the payroll during the COVID-19 pandemic. PPP loans draw one and two. The First Draw PPP started on March 2020 and has been extended multiple times. On January 6, 2021, the Small … [Read more...]
How To Benefit From The Employee Retention Credit In 2021
What is the Employee Retention Credit? As a result of the coronavirus pandemic the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) contained a business relief provision known as the Employee Retention Credit (ERC). The Employee Retention Credit is a refundable tax credit against certain employment taxes on qualified wages an eligible employer pays to employees after March 12, … [Read more...]
COVID-19: IRS and SBA Assistance for Small Businesses
At Ten Key, we’re ready to help you through the difficulties your business may be experiencing due to the novel coronavirus pandemic. There are a number of resources becoming available for small businesses who are impacted by this situation. We’ve provided details and links below, and will continue to update as we receive more information. THIS PAGE WAS LAST UPDATED ON FRIDAY, MARCH 27, 2020 … [Read more...]
Celebrating Growth at Ten Key
Ten Key is always growing so we can better serve our clients. We’d like to take this opportunity to share some of our latest developments: the addition of two excellent staff bookkeepers. You may already be aware of them, but just in case… Expanding our staff of bookkeepers We’ve added two veteran bookkeepers to the Ten Key family: Donna Boyajian and Sandra Rohtstein. Donna and Sandra have a … [Read more...]