The 28th annual SCORE Small Business Awards on June 10 at 8:30 am recognizes the outstanding small businesses of 2021. SCORE will honor its Small Business of the Year (Greenbird Landscaping of Centerville), Nonprofit of the Year (Lower Cape Outreach Council in Orleans) and Small Business Champion (BizChecks Payroll in Marston Mills), while the Chambers […]
Business owners were caught by surprise last Tuesday when they received huge bills in the mail.
They were assured by the state Legislature and Gov. Charlie Baker that unemployment rates would be frozen for two years after the nightmare that was, and is, COVID-19. What no one realized, including lawmakers and the governor, was that solvency rates would rise exponentially.
Solvency rates are assessed on businesses and funneled into an unemployment trust fund, which is used to pay claims that can’t be attributed to a specific business. But during the pandemic, the trust fund was used to pay claims due to COVID-19, which left the fund depleted.