Monthly Archives: April 2020
COVID-19 Emergency Unemployment Benefits
Written on April 15, 2020 at 6:22 pm, by Susan Polk
The US Department of Labor issued Unemployment Insurance Program Letters to enhance State Unemployment provisions during the coronavirus COVID-19 pandemic. What does this mean for employers and the unemployed? Families First Coronavirus Response Act (FFCRA) Unemployment Compensation Provisions The Federal government is working with State governments to issue grants, to provide emergency flexibilities related toContinue Reading
Update: PPP Borrowers , CARES Act Tax Deferrals
Written on April 13, 2020 at 9:23 pm, by Susan Polk
UPDATE: Congress passed legislation for additional funding for small businesses. Approximately $310 billion more for the Paycheck Protection Program with no changes to eligibility requirements. $10 billion for Economy Injury Disaster Loan (EIDL) Advance Grants and $50 billion additional authorization for EIDL loans $75 billion for hospitals and healthcare providers’ COVID-19 expenses and losses $25Continue Reading
Payroll Protection Plan Loan: PEO Clients
Written on April 7, 2020 at 6:41 pm, by Susan Polk
April 7, 2020 Late last night, Guidance was provided by the Department of Treasury stating that when PEO clients are applying for the Paycheck Protection Program (PPP) lenders must accept payroll data provided by a PEO, and can’t turn down a borrower due to lack of a IRS Form 941. The language further states thatContinue Reading
