Here’s news to help you navigate a constantly changing business environment, including avoiding penalties for unpaid payroll taxes, how to access PPE and the emotionally intelligent way to deal with pandemic stress.

1. Avoid penalties for deferred federal payroll taxes — A CARES Act measure allows your business to defer the 6.2% employer portion of the Social Security tax component of FICA tax owed on the first $137,700 of an employee’s 2020 wages — for wages paid during the deferral period. Learn more about how the measures works for small businesses and the self-employed.
2. Michigan boating goes from doom to boom — Eager to get out and about amid the coronavirus restrictions, Michiganders are taking to the water. Boat sales and boat-sharing memberships have jumped greatly this season. Get the whole story.

3. Make the brick and mortar experience safe — Restaurants, retail, offices and other public spaces still standing after the COVID-19 pandemic will need to reinvent their spaces for human connection and interaction while keeping people safe. Discover how from an architect’s point of view.

4. PPE Matchmaker — Pure Michigan Business Connect launched a program to help businesses access non-medical grade Personal Protection Equipment to keep their employees and customers safe. If you are in need of PPE like face masks, shields, gloves and goggles, get more details here. If you manufacturer of PPE, you can be part of the database of suppliers.

5. It’s all about the journey — The emotionally intelligent way to cope with pandemic stress is think in terms of the journey rather than a destination. Discover how this mindset can help you thrive.

Thank you to our Friday Five sources: MarketWatch, The Detroit News, Fortune, MITECHNEWS and Fast Company.

Do you have business banking questions? Contact our knowledgeable commercial loan officers online or call 800-991-2221. We’re also available to help in person at your local office.

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