The Senate CARES Bill (Coronavirus Aid, Relief, and Economic Security Act)

Source: Estimates for third relief bill based on bill text, committee and administration numbers.

Credit: Audrey Carlsen/NPR

The Senate developed $2 Trillion dollar, multi-faceted legislation attacking this disaster from multiple sides: tax and debt relief, small business loans, unemployment expansion, and individual stimulus payments. They see we’re hurting and they aren’t playing around.

Incentive and assistance for small businesses to keep employees working

The bill creates a “paycheck protection program” for

• Self-employed individuals
• Small businesses
• “Gig economy” workers

Hey solopreneurs and giggers, you finally aren’t being excluded from the group and chastised for being your own boss! Congratulations!

Let’s take a big bite and jump in.

INDIVIDUAL TAXES

They will need your individual 2019 taxes (and valid social security numbers) in order to cut...

SBA Disaster Relief Loan

As small business owners and as a community, all of us are sailing in uncharted waters. All of us are in the same boat, filled with uncertainty and fear.  What does the future hold?  Is my business going to survive this?  How am I going to pay my bills?  There are so many concerns that all of us have and most of it is deeply rooted in our financial situation and future.  There are a number of economic stimulus packages that are being discussed locally and federally.  As of today, March 21st, there are not many options available.  However, our representative and community leaders are working diligently to provide us with a little relief.  The first financial option to become available to small business is the Small Business Administration (SBA) Disaster Loan program.  This is the fist time in the history of the SBA that this loan has been made available for a pandemic (these loans are generally leveraged...

3/26 Update: 

We now have a workplace poster about the FFCRA (Families First Coronavirus Response Act) and employee rights in regards to paid sick leave and the expanded family and medical leave.

This will need to be posted with the rest of your employment posters in a common area by April 1st. There has no been specific guidance on methods to notify your remote workers but we suspect there will be soon. We will keep you updated, however, have a plan in place to provide this to remote workers such as email, posting to a payroll portal where employees regularly log in, or printing and mailing. 

If you have already laid off some of your workforce, there’s no need to alert them.

 FFCRA Workplace Post (Non-Federal)

The U.S. Department of Labor sent out a bulletin about 30 days of non-enforcement between March 18 and April 17, 2020 as long as employers act reasonably and in good faith to comply with the FFCRA. One thing to note is this does not protect you from...

Getting “Bored” with Your Onboarding Process?

Make Onboarding and Training Fast and Easy!

For most of us, we have experienced what it’s like to be that “newbie”.  That’s right, a new face in a new company where countless thoughts of excitement, worry and anxiety flood our minds. If you are like many, those thoughts can turn into piercing questions or doubts. Did you make the right decision? Is this truly the right company for you? Where is the nearest exit in case you need to make a run for it?  

As an employer, hiring manager, or HR representative, your focus is guaranteeing that you can “walk the walk”. Your newly hired employee accepted the position for a reason, now it’s up to you to ensure that he or she continues to feel that this opportunity was too good to pass up.

So, how does this happen? Think about the first few days on the job and how much information and training was provided. It’s a...

Wow, what a decade it has been! There have been so many changes and updates in the HR world over the past several years; life for employers and HR professionals has probably gotten a bit overwhelming and a kind of stale at times.

Well, I am here to put a little cheer into your New Year! Let’s take a look back at some of the most ridiculous, bizarre, and just downright absurd policies and rules that employers have come up with to help run their business. Here we go!

• Stand for the Boss: Bestlifeonline.com describes a work environment approach such as this one whenever France’s ecology and energy minister walks into the room. Employees are expected to stand regardless of what they are doing as she approaches them.
• Only Mustaches Allowed: According to resumeprofessionawriters.com, a certain business gave male employees an ultimatum: maintain a full-grown mustache or no facial hair at all. Male employees could not have any in-betweens, or they were sent home.
• No...

On January 1, 2020, we are going to wake up to two significant wage changes that will impact most Colorado small businesses. Are you prepared for these changes?

What’s Changing?

• Hourly Employees: Colorado Minimum Wage- Colorado minimum wage has been on an increased schedule of $.90 per year for the past 2 years. In January 2020, you will see the third and final $.90 minimum wage increase. Effective January 1, 2020, Colorado Minimum Wage will be:

Colorado Minimum Wage- $12.00/ hr

Colorado Tipped Employees- $8.98/ hr

*Denver increased its local minimum wage to $12.85 per hour effective Jan. 1, becoming the first local government in Colorado to set its minimum higher than the statewide level per a new statute passed by the legislature in 2019.

• Salaried Employees: Minimum Salary Rate (Federal Overtime Rule)- The minimum annual salary for exempt (salaried) employees is going to increase in 2020. Effective January 1, 2020, the Federal...

An employee's first week is the most important week of the employment life cycle. This is when you create the foundation to the new employee's future behaviors, your future leadership capabilities and their perception of what working with you will be like.  Making sure you provide the right tools, resources and training opportunities will ensure optimal success.  Let's take a look at some common mistakes that small businesses often make and 4 steps to ensuring a great first week.  

Small Business Mistakes:
When it comes to onboarding a new employee during their first-week employers make a few mistakes. First, employers expect a new employee to hit the ground running. Quite frankly, no two business are ever the same. You can never have a plug and play employee.

The second mistake that we often see within an employee's first week is that the required paperwork is not correctly completed... if at all. It is required by law that the I-9 is completed within 3...

*Presented at Colorado Springs, CO SCORE meeting on July 12, 2019

I'm obsessed with Richard Branson. Anything that comes out of that man's mouth is like gospel to me. I aspire to be a Richard Branson, well a female/ American, Richard Branson one day. I believe that his people philosophy is really where it's at. And I think that this quote right here says it all: “A company is people... employees want to know... am I being listened to or am I a cog in the wheel? People really need to feel wanted". -Richard Branson

To start off on the right path of having sound employee practices, let's look at some recruiting tips and tricks. This blog is going to look at how to prepare and attract the right candidates and to evaluate those candidates. But first, let's look at the mistakes small businesses often make when it comes to recruiting. I'm sure all of you guys have seen these mistakes.

Small Business Recruiting Mistakes
1: Lack of Planning
First and foremost, small businesses...

Small Business and Employee Ethics- Avoid Disaster!

Have you taken the appropriate measures to makes sure that you are protected from the dishonest actions of your employees?  Employees ethics is a HUGE risk for all small businesses.  Make sure that you are protecting yourself and your business.   

For most small businesses, employees can be the businesses most significant risk.  According to The Association of Certified Fraud Examiners estimates that companies lose 5% of their annual revenue to employee fraud and abuse.  Unethical employee actions hit small businesses the hardest.  Most small businesses do not have the financial ability to sustain the hit of significant employee fraud or theft occurrence.  Unfortunately, the cost of employee theft isn’t only the cost of the theft.  Employers also need to factor in the additional expense of legal fees, employer time spent on legal action, loss of employee...

How is Overtime Paid? A Small Business Guide to Overtime Laws

Are you at a loss wondering, "How is overtime paid?" Find out everything you need to know in our comprehensive guide.

UPDATE:  Effective January 1, 2020, salaried employees should earn $684 per week (or $35,568 per year).  Please click HERE for updated information.

Of course, you already know to pay your employees at least the minimum wage. But the laws surrounding overtime are complex and quickly become confusing.

Employees who work longer than normal hours are dedicating extra time to help you continue building success, so you want to make sure you do right by them. Plus, it's important to know the overtime laws to prevent legal trouble for yourself and your business.

If you're wondering how is overtime paid, you've come to the right place! In this guide, we'll tell you everything you need to know about federal overtime laws and how they pertain to your state.

Overtime Laws and Regulations

Although...