The Affordable Care Act (ACA) requires applicable large employers (ALEs) to offer affordable, minimum value health coverage to their full-time employees or possibly pay a penalty. This employer mandate is also known as the “employer shared responsibility” or “pay or play” rules. ALEs can use one of two methods to determine whether employees are full
The Look-back Measurement Method and COVID-19 Read More »
BORROWERSThe Paycheck Protection Program (“PPP”) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone. The loan amounts will be forgiven as long as: The loan proceeds are used to cover payroll costs, and most mortgage interest,
PAYCHECK PROTECTION PROGRAM (PPP) INFORMATION SHEET Read More »
The novel coronavirus (COVID-19) global pandemic has caused organizations around the world to experience disruptions to their normal course of business. Common problems include mandatory remote work, business closures and quarantines, travel restrictions and breakdowns in the supply chain. The issues caused by the pandemic have raised an important question for many businesses: Does the
Force Majeure and Coronavirus Read More »
On March 26, 2020, the U.S. Department of Labor (DOL) issued three new opinion letters to clarify how employer should account for incentive payments and imputed income in an employee’s regular rate of pay. Under the Fair Labor Standards Act (FLSA), an employee must receive one and one-half times his or her regular rate of
Including Incentive Payments in the Regular Rate of Pay Read More »
Laws and regulations are changing fast. Below are some links to better assist you through this process. If you are a payroll client, please reach out to us so we can help prepare your documentation with payroll reports to provide to your banking institution. Small Business Owner’s Guide to the CARES Act US Chamber of
Coronavirus Emergency Loans – Small Business Guide and Checklist Read More »
The U.S. Department of Labor (DOL) has issued frequently asked questions (FAQs) that address exemptions to the paid leave requirements under the Families First Coronavirus Response Act (FFCRA). The FFCRA requires covered employers to provide their employees with paid sick leave or expanded family and medical leave for specified reasons related to COVID-19. The FFCRA
DOL Clarifies Exemptions to Coronavirus Paid Leave Laws Read More »
The $2 trillion stimulus bill intended to help offset the financial burdens created by coronavirus disease 2019 (COVID-19) will soon be passed into law. More specifics will be announced when this bill is signed into law. The bill proposes to send direct payments to Americans. This article contains answers to questions you may have
Coronavirus Stimulus Direct Payments FAQ Read More »
The Department of Labor has added to its collection of guidance documents about the COVID-19 outbreak (and other public health emergencies) and also announced, in conjunction with the Internal Revenue Service, that small and midsize employers can start to take advantage of two new refundable payroll tax credits that are designed to immediately and fully
Labor Department maps out Families First Coronavirus Response Act rights and obligations Read More »
The U.S. Department of Labor (DOL) has issued guidance on the paid leave requirements under the federal Families First Coronavirus Response Act (FFCRA). The FFCRA expanded the federal Family and Medical Leave Act (FMLA) to allow partially compensated employee leave for child care purposes related to COVID-19. The FFCRA also provided for employee paid sick
DOL Guidance – Employer Paid Leave Requirements in the FFCRA Read More »
As part of sweeping legislation—the Families First Coronavirus Response Act (FFCRA)—signed into law by President Trump on March 18, 2020, two laws were enacted that provide workers with paid leave for reasons related to the coronavirus (COVID-19) pandemic. The “Emergency Family and Medical Leave Expansion Act” allows 12 weeks of partially compensated FMLA leave to
Families First Coronavirus Response Act – Questions and Answers Read More »
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