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Our blog offers important resources, helpful articles, and practical ideas on the human resources topics that matter to you.
Home / Media / Blog / INFINITI HR SVP Daniel Mormino Recently Featured on Franchising.com
INFINITI HR SVP Daniel Mormino was recently featured on Franchising.com on navigating PPP loan forgiveness and how to manage layoffs during these trying times. Check it out here or see the transcript below.
If you’ve received a PPP loan and are using the funds to continue business operations, you’ll want your loan to be forgiven to the greatest extent possible. The key to forgiveness is spending money on forgivable expenses during the 8-week period following receipt of the loan. When applying to your lender for forgiveness, you’ll need to be prepared to provide documentation of how the funds were spent, including:
Loan forgiveness will be reduced:
If you are able to have your organization work remotely, here are some useful Remote Work Tips for Managers and Employees.
If you are an essential business and continuing operations, here are some additional resources on how you can keep your employees and customers safe:
Finally, from a legal perspective, if you have to reduce pay, hours, or even close your business, what regulations may apply?
Daniel Mormino is Senior Vice President at Infiniti HR, a leading PEO that provides payroll, human resource consulting, and risk management services to businesses nationwide. Contact him at daniel.mormino@infinitihr.com or 623-455-6234.
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INFINITI HR helps companies reduce costs by managing human resource functions while allowing businesses to focus on their core operations that impact profitability. Our platform provides full regulatory compliance management, on-demand HR guidance, real-time payroll /tax filing, POS integration and access into industry leading True-Group master policies for workers’ compensation, employment practices liability insurance, and other operational business coverages.
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