Commercial cleaners are asking Congress for help | BSCs focus on disinfecting | Maid Brigade franchise finds demand for specialized disinfectant
July 9, 2020
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Industry Update
Commercial cleaning industry leaders are requesting Congress provide businesses with liability protection, a tax credit for cleaning services and streamline acquisition of personal protective gear, says Cleaning Coalition of America President Josh Feinberg.
Full Story: Bloomberg Tax (free content) (7/7) 
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Cleaning companies are prioritizing surface disinfecting and suggesting that customers add electrostatic disinfecting services. Business has been more volatile during the pandemic than normal, says Facility Pros owner Jason Reimer.
Full Story: Wisconsin State Journal/The Capital Times (Madison) (7/6) 
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Government Affairs
President Donald Trump has signed a bill to reopen the application window for Paycheck Protection Program loans until Aug. 8. The five-week extension is intended to keep assistance available to struggling small businesses while Congress works on a more targeted program.
Full Story: Journal of Accountancy online (7/1),  The Hill (7/4) 
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The US Supreme Court has rejected the petition to rule on whether employers can use wage history to justify different pay for men and women who perform the same work. The move leaves intact a decision by the 9th US Circuit Court of Appeals that salary history is not a "factor other than sex" that lets employers to differentiate pay based on worker gender.
Full Story: HR Dive (7/2) 
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Businesses are showing scant interest in the Federal Reserve's $600 billion Main Street Lending Program. Bankers say companies in desperate need are unlikely to qualify, while stronger companies can get better terms elsewhere.
Full Story: The Wall Street Journal (tiered subscription model) (7/1) 
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Business Best Practices
To improve your credit score and chances of securing a loan, it's important to get organized with your small-business finances, writes Gerri Detweiler. Put an easy filing system in place, avoid mixing personal and business expenses, have a plan for annual bills and charges and automate as many steps as possible, Detweiler recommends.
Full Story: Nav Small Business Blog (7/7) 
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BSCAI News
New report shows the pandemic triggered shift from a prolonged seller-favorable cycle
The latest M&A Watch report, powered by Pursant, shows how the pandemic impacted M&A activity.
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BSCAI members receive discounted benefits from Dorado
(BSCAI)
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