economic stimuls

Should employers report employees who don’t go back to work?

Marketplace NPR May 14, 2020 Jack Stewart and Justin Ho Listen Now Black hanging open sign in the green wooden door of retail store, business background Another 3 million people filed unemployment claims this week, according to the Labor Department, adding to the enormous impact of COVID-19 on the U.S. workforce. The news comes a […]

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Small Business Owners Share Stories About the Devastation of COVID-19 Crisis

CPA Practice Adviser May 12, 2020 During the roundtable, business owners shared their experiences trying to obtain PPP loans to help them keep employees on payroll, and expressed frustration with how the administration’s implementation of the program has made loans difficult to … Zoom screenshot of virtual roundtable. Businesses for Responsible Tax Reform (BRTR) recently

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Businesses for Responsible Tax Reform Representatives Ask Speaker Pelosi to Keep Focus on Small Business During Virtual Roundtable on COVID-19 Crisis

FOR IMMEDIATE RELEASE BRTR co-chairs say that with help small business can lead country back to prosperity; ask Speaker to create no-strings-attached small business grants, rollback PPP tax hit from IRS Notice 2020-32 and extend PPP loan forgiveness period WASHINGTON, DC, May 5, 2020–Representatives from Businesses for Responsible Tax Reform (BRTR) were featured speakers during

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Kiawah Island community association gets $1M coronavirus loan from federal government

Charleston Post and Courier April 29, 2020 By Andrew Brown An association for property owners on wealthy Kiawah Island obtained a $1 million forgivable loan from the federal government as small businesses throughout South Carolina struggle to access the same emergency financing amid the COVID-19 pandemic. The Kiawah Island Community Association was eligible for the

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Small Business Group: Plan to lend $500 billion to corporations is unconscionable

FOR IMMEDIATE RELEASE Media Contact: Conan Knoll conan@emcstrategies.com (831) 524-6764 Statement by Frank Knapp, Jr. co-chair of Businesses for Responsible Tax Reform and President & CEO of the South Carolina Small Business Chamber of Commerce Washington, D.C., April 28, 2020—It’s unconscionable that policymakers are orchestrating pumping $500 billion in loans to large corporations without requiring them to

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Did You Apply for a Small Business Loan? Here’s What to Know About the Latest Round of PPP Funding

Money April 27, 2020 BY PRACHI BHARDWAJ The Paycheck Protection Program is (once again) up and running, as banks gained access on Monday to the new small business relief funds approved by lawmakers last week. Small business owners may have a difficult time getting a piece of the pie — but that doesn’t mean you

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President Trump signs Paycheck Protection Program 2.0

MULTI Briefs April 24, 2020 Seth Sandronsky On April 24, President Trump signed a second Paycheck Protection Program (PPP) of $484 billion to aid an economy that is shrinking sharply from the COVID-19 pandemic. In the past 35 days, as leisure, hospitality and retail businesses have closed across the U.S., over 24 million workers have

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Small-business survey respondents oppose May 1 reopening; schools to remain closed

GSA Business Report April 22, 2020 Over half of the small-business owners surveyed by the Businesses for Responsible Tax Reform — co-chaired by Frank Knapp, CEO of the S.C. Small Business Chamber of Commerce — are opposed to reopening the economy on May 1. During a snap survey (.pdf) conducted from April 17 to April 20,

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SC green-lights unemployment pay for jobless contractors, gig workers, self-employed

The State April 24, 2020 BY ISABELLA CUETO Gig workers, self-employed workers, contractors and other South Carolinians will soon begin receiving emergency unemployment benefits, the Department of Employment and Workforce announced Friday. DEW will begin accepting applications for the Pandemic Unemployment Assistance program as of April 25, nearly a month after the CARES Act was

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Small Business Group: Administration Must Rewrite PPP Guidelines to Ensure Funds go to Main Street Small Businesses

OR IMMEDIATE RELEASE Media Contact: Conan Knoll conan@emcstrategies.com (831) 524-6764 Statement from Frank Knapp, Jr., co-chair of Businesses for Responsible Tax Reform (BRTR) and CEO of the South Carolina Small Business Chamber of Commerce on reports out this week showing 150 public companies received nearly $600 million in Paycheck Protection Program loans Washington, D.C. April

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