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If Schools Close - SpaRetailer Magazine Nov 2020

If Schools Close

AS IT TURNS OUT, PANDEMICS AND NATURAL DISASTERS both give businesses and communities the same amount of warning: none. In the wake of COVID-19’s disruptions, many spa retailers have been swapping notes to help adapt to a new normal, which has especially affected parents with school-age children. Rachael Pritz, vice president of RB Pool and …

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Employee Benefit Plan Limits for 2021

Employee Benefit Plan Limits for 2021

Many employee benefits are subject to annual dollar limits that are periodically updated for inflation by the IRS. The following commonly offered employee benefits are subject to these limits: High deductible health plans (HDHPs) and health savings accounts (HSAs); Health flexible spending accounts (FSAs); 401(k) plans; and Transportation fringe benefit plans. The IRS typically announces …

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Scope of Employee Benefits Changing to Meet Demand of Competitive Employers

Scope of Employee Benefits Changing to Meet Demand of Competitive Employers

The employee benefit landscape is constantly evolving, and business owners must keep pace. No longer is the traditional offering of basic medical and ancillary products providing employers with the competitive edge. In the battle to attract, retain and engage employees, data driven long-term strategic plans provide win/win opportunities for both employers and employees alike. A …

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Jeff Chronister-Construction Industry Changes

Construction Industry Changes Require Dynamic Risk Management

Owning and operating a construction company in today’s world is remarkably challenging,” said Jeff Chronister, Accredited Advisor of Insurance (AAI) with Ollis/Akers/Arney. He cites aggressive competition, rapidly changing economic conditions, limited labor force and the evolving expectations of employees over the past few decades. “Owners have to wear multiple hats. Sometimes they have to be …

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SBA Announces Simpler PPP Loan Forgiveness for Smaller Loans

SBA Announces Simpler PPP Loan Forgiveness for Smaller Loans

The Small Business Administration (SBA) and the U.S. Department of Treasury (Treasury) recently released a simpler Paycheck Protection Program (PPP) Loan Forgiveness Application Form 3508S and instructions. This updated, simple two-page application is for borrowers of $50,000 or less, and is not for use by borrowers who received PPP loans totaling $2 million or more …

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