You can apply for the Paycheck Protection Program (PPP) at any lending institution that is approved to participate in the program through the existing U.S. Small Business Administration (SBA) 7(a) lending program and additional lenders approved by the Department of Treasury. This could be the bank you already use, or a nearby bank. There are thousands of banks that already participate in the SBA’s lending programs, including numerous community banks. YouRead Full Article Here
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward. The administration soon will release more details including the list of lenders offering loans under the program. InRead Full Article Here
Employees are key to the success and vitality of a small business. Yet, small businesses often can’t compete with larger business budgets to hire top talent. When small businesses want an edge on the competition, they craft a competitive benefits package. This helps to recruit and keep top talent. According to a Society for Human Resources Management (SHRM) 2018 Employee Benefits survey, more than one-third of organizations (34 percent) increased benefit offerings in the last 12 months (1). Group healthRead Full Article Here
Small-group health insurance is designed to help small to mid sized businesses offer health coverage to their employees. Companies that have 50 full-time employees or fewer (with some exceptions) can easily provide coverage using a small-group plan. Small-group plans emerged on the insurance market in 2014 implemented by the Affordable Care Act (ACA). The ACA requires that businesses over a certain size provide their employees with health insurance coverage. Small group plans make itRead Full Article Here
Employee Retirement Plan: We Can Help You Find the Balance Between Benefits and Value Deciding to offer your employees a benefit retirement plan is a smart strategy. It's an essential step in taking care of one of your most valuable assets: your employees. Working the details of this endeavor and deciding which type of plan will for both your workers and your business best can be quite the challenge. That's where we can help. At Taylor Benefits Insurance Agency, we've been inRead Full Article Here
Taylor Benefits Insurance can help businesses big and small establish flexible spending accounts, or FSAs, for their employees. These types of accounts make the process of health reimbursement a lot easier, and the deposits needed to be made into these accounts are made exclusively with pre-tax dollars. This results in lower taxable income, as well as lower takes.Companies that use our services are already enjoying the perks of a well-established Flexible Read Full Article Here
If you are thinking of switching your large group health insurance plan – or you are offering employee benefits for the first time as an employer – it can be confusing to navigate the complex world of insurance.
Do you know what coverage is required for your state? What kind of deductible do you want? How much are you willing to pay in premiums? What percentage will you contribute, compared to yourRead Full Article Here
This is a common question for people over the age of 65. Due to personal and economic reasons – and the fact that the average lifespan is increasing – more people than everRead Full Article Here
If you are interested in setting up a new group health insurance plan for your company, you may have heard about “self-funded” group health insurance. What is this type of health insurance? How does it work, and is it right for your company?
In this guide from Taylor Benefits Insurance Agency, we’ll give you a basic overview of how self-funded group health insurance works – and whether or not it might be right for yourRead Full Article Here
It’shard to overstate the importance of businesses offering benefits to their employees.
These additional perks are one of the main ways that employers can entice quality team members to join their staff, but they can come with a hefty price tag—and it’s only getting heavier. Healthcare coverage and benefits packages, in general, have seen steadily rising premiums in recent years, and it doesn’t look like that’s about to change.
Projections indicate that employers can expect a hike in premiumsRead Full Article Here
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