The Employee Retention Tax Credit (ERTC) was originally established by the CARES Act to help small businesses affected by COVID-19. The ERTC is a refundable tax credit applying to the 6.2% employer portion of employee Social Security payroll tax, …
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The phased reopening of the Paycheck Protection Program (PPP) began on January 11th with limited access. For the initial phase of the program’s reopening, the SBA has only accepted loan applications from participating community financial institutions (CFIs). On Friday …
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Congress passed the Consolidated Appropriations Act, 2021, a $900 billion coronavirus relief package, on December 21, 2020. The Act is currently with President Trump and awaits his signature. The legislation includes several provisions that will affect employers, PPP loan …
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The IRS is going back to the future in an effort to avoid fraud, deadline confusion, and filing errors related to reporting nonemployee compensation in 2020. They are reintroducing Form 1099-NEC, a form that hasn’t been used since 1982 …
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California passed a state paid family and medical leave law in 2002 and became the first state to implement a state paid leave program in 2004. Since that time, ten U.S. states and the District of Columbia now have …
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In June of 2019, Connecticut passed the State’s Paid Family Medical Leave Act (CT PFMLA), which introduced employers in the state to an upcoming Connecticut Paid Leave (CTPL) insurance program to be funded by employees by way of a …
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A year and a half has passed since Maine’s Governor Janet Mills signed L.D. 369, An Act Authorizing Earned Employee Leave, into law. The Maine Department of Labor (MDOL) issued its final rules on the ground-breaking earned paid leave …
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The CARES Act introduced the Paycheck Protection Program (PPP) in support of small businesses employing 500 or fewer employees and in need of funds to maintain ongoing operations while facing economic uncertainty. Ongoing publicity surrounding the PPP brought to …
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Many employers are understandably preoccupied, putting out COVID-19-related fires and dealing with other workforce and operational concerns. But it’s important for employers not to let other regulatory matters fall by the wayside, such as their legal obligations related to …
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The Families First Coronavirus Response Act (FFCRA) was enacted on March 18, 2020, and amended Title I of the Family Medical Leave Act of 1993 to assist workers through the COVID-19 crisis. The FFCRA established both the Emergency Paid …
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