The Daily Rundown

SMB News Daily Rundown: Update for August 19

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Small Business News Highlights for August 19: 

  • Phishing scams targets SBOs who took SBA loans 
  • Senate Republican float “skinny” economic stimulus bill while on recess 
  • Turbulent 2020 has wide-ranging impact on HR laws and policies 

“SBA borrowers, especially those who applied to the EIDL, should be on the lookout for phishing campaigns.”

The U.S. Small Business Administration has announced that they believe that small business owners who applied for and received money from the Economic Injury Disaster Loan (EIDL) program are the target of phishing scams

Phishing scams attempt to collect sensitive information from business owners by pretending to be from government officials. The SBA warns SBOs that they do not use third-party applications to collect information and notes that all official correspondence comes from an email address that ends in “SBA.gov” and nothing else.

“We’re going to make sure that the ability to function going into the election is not adversely affected.”

Senate Republicans have introduced a pared-down version of a stimulus bill, despite technically being on recess and away from D.C. until after Labor Day. This version of the bill does not include another round of stimulus checks and cuts federal unemployment payments to $300 per week.  

Many believe that the bill represents the Republicans’ attempt to break the political stalemate over the next round of stimulus legislation, though it’s unclear if Republicans will vote on it any time soon and unlikely to be met with approval from House Democrats.

“Nowadays, if you don’t update it at least once a year, you’re almost guaranteed to be out of compliance.” 

The COVID-19 pandemic and widespread social about deeply-ingrained systemic inequality and injustice has spurred wide-ranging changes to HR policies and laws over the past months.

For HR professionals the question is: are these temporary changes or should they rewrite the HR handbook?  

Paid leave is one area where HR departments have had to scramble to keep up with federally-mandated laws and many state legislatures have passed their own measures to enact federal policy. Still, the question of the federal government’s ability to enforce the paid leave measures of the Families First Coronavirus Response Act has many businesses waiting to see how the mandates evolve. 

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