Released June 15, 2020.
Miles Free & Carli Kistler-Miller discuss the Equal Employment Opportunity Commission’s warning for employers and everything you need to know about it.
Month: June 2020
Released June 15, 2020.
Miles Free & Carli Kistler-Miller discuss the Equal Employment Opportunity Commission’s warning for employers and everything you need to know about it.
Released June 12, 2020.
Join us as Miles Free answers a variety of questions! You never know what will be asked or what the answer may be!
Please send any questions or topics for Miles Free to answer to gro.apmp@rellimc and we will answer your questions on an upcoming episode of the Speaking of Precision: Mailbag Edition
Released June 12, 2020.
Miles Free & Carli Kistler-Miller discuss everything we know up to this point of the USMCA (United States-Mexico-Canada Agreement)
Robert Schrader from New England Tool Corp.
Join us for another Technical Tuesday webinar as New England Tool Corp’s Robert Schrader will discuss and review the pros & cons of Swiss Mode, as well as Chucker Mode on a Swiss Screw Machine!
Released June 8, 2020.
Miles Free & Carli Kistler-Miller discuss how 3-S can help your shop during COVID-19 and beyond.
Released June 8, 2020.
Miles Free & Carli Kistler-Miller discuss how an emergency action plan could help your business when it comes to a sudden emergency and OSHA!
Thursday June 04, 2020
At 7:05 pm Eastern today, June 3, 2020, the U.S. Senate passed without objection the House drafted Paycheck Protection Program Flexibility Act endorsed by PMPA providing small businesses greater flexibility when using loans under the Paycheck Protection Program (PPP). The legislation, which passed overwhelmingly in the House on May 28 by a vote of 417-1, makes critical changes supported by the PMPA to the PPP. This is the second in a series of three bills making changes to the PPP the PMPA helped create in the CARES Act President Trump signed into law on March 27.
Following the Senate’s passage, the bill now goes to President Trump’s desk for his signature for a bill that will extend the PPP forgiveness period to 24 weeks, loan terms to five years, and safe harbor date to December 31 from June 30, among other provisions.
PMPA activated immediately to fix many parts of the PPP following surveys of our members – 47 PMPA member companies sent 144 messages to Capitol Hill calling on lawmakers to make these changes, and we succeeded. This proves when you show up, we can make a difference.
PMPA’s lobbying team in Washington, D.C., The Franklin Partnership, is working with the White House, Senate, and U.S. House of Representatives to update the PPP and provide clarity and tools to help our members during COVID-19.
The Franklin Partnership received confirmation from the top Democratic tax writer in the House that he is committed to addressing the deductibility of wages as expenses in the next legislation expected to move in July, reversing the IRS Notice to the contrary. Our PMPA members understand how critical this fix is as the IRS decision to not permit the deduction under PPP increases the tax liability for pass-through businesses, such as S Corporations, by a tax rate increase as high as 37% and for C-Corporations, an increase as much as 21%.
In addition to securing that commitment in this bill about to become law, the PMPA succeeded in its lobbying efforts to:
Our fight is not yet done and we continue to make things happen in Washington, due to your engagement and responses. While this is an important victory, we have much work ahead of us on expensing of wages, clarification of forgiveness terms, and other ways to make the PPP work better for our members.
We thank all PMPA members for their calls and emails to Capitol Hill, and to the team at The Franklin Partnership for their “Yeoman efforts” on our behalf.
Released June 3, 2020.
You may have not heard but July 1st USMCA goes into effect. Miles explains what we know and what we don’t know so far on this topic.
Billie Henning, Henning Industrial Software
Billie Henning of Henning Industrial Software will discuss the basic process of tracking and assigning direct and indirect costs to jobs. She’ll share what should be included in direct and indirect costs. A comparison of actual costs verses estimated costs will will be discussed.
Published June 2020
By Carli Kistler-Miller
Victor DaCruz, owner of DACRUZ Manufacturing in Bristol, Connecticut, shares industry experiences and his perspective on PMPA.