The CARES Act was signed into law on March 27, 2020. This bill intends to provide emergency assistance and health care response for individuals, families, and businesses affected by the 2020 coronavirus pandemic.
The IRS under the CARES Act has issued updated guidance for Businesses participating in the Paycheck Protection Program (PPP). The update allows businesses using PPP SBA Loans the following:
Join us on April 16th for our latest COVID-19 Regulatory Update and FAQ webinar. In this 60-minute webinar, Kara Govro, Senior Legal Editor, will review current guidance and regulations related to COVID-19 legislation and address some of the most common COVID-19 employer questions.
Date: Thursday, April 16, 2020
Time: 12:00 PM Central
Our HR team has put together an employee Emergency Paid Sick Leave and Expanded FMLA Request for you to provide to employees.
Alliance has created a COVID-19 report group that contains all of the payroll reports clients will need when completing the PPP SBA Loan application.
Each covered employer must post a notice of the Families First Coronavirus Response Act (FFCRA) requirements in a conspicuous place on its premises. An employer may satisfy this requirement by emailing or direct mailing this notice to employees, or posting this notice on an employee information internal or external website.
To ensure proper reporting of the employer tax credits available under the FFCRA Emergency FMLA and Paid Sick Leave benefits, Alliance will be globally setting up earning codes. The new codes will be available for use Wednesday, April 1st.
Please join us for our FFCRA Training Webinar to learn the exact procedures to track FFCRA in your AllPay software:
Date: Tuesday, March 31st
Time: 10:00 AM Central
Click here to Register (this webinar will be recorded and posted in AllPay University)
The Department of Labor (DOL) announced its first round of published guidance to provide information to employees and employers about how each will be able to take advantage of the protections and relief offered by the FFCRA when it takes effect on April 1, 2020.
Coming changes related to HR 6201 - Families First Coronavirus Response Act (FFCRA)
In order to ensure proper reporting of the employer tax credits available under the FFCRA Emergency FMLA and Paid Sick Leave benefits, Alliance will be globally setting up the codes listed below in each company. Please also note: it is generally interpreted that any FFCRA FMLA or Paid Sick Leave usage in advance of April 1st may not be eligible for the employer tax credits.
These earning codes will be available to you on April 1st. These codes must be used to track FFCRA hours and payment of FFCRA wages through December 31, 2020.
The general interpretation of these FFCRA wages is that they constitute “Regular” Pay. As such, the resulting wages and hours should be included in the following calculations:
Alliance will include the wages and hours for these earning codes in your Retirement, PTO Accruals, and Other code group calculations. If, you do NOT want this to be included in your calculations, please email us at firstname.lastname@example.org .
Alliance Payroll Services has published an FFCRA Overview Document and an extensive Employer FAQ for review. These documents will be updated as more information becomes available:
NOTE: Our interpretation is that any FFCRA FMLA or Paid Sick usage in advance of April 1st may not be eligible for the employer tax credit
Employers are facing unprecedented challenges navigating COVID-19. Kara Govro, Senior Legal Editor, will address the most common HR questions relating to COVID-19 and share resources and best practices on topics including work-from-home policies, FMLA, and PTO.
Access a recording of this session here: Recoding of March 23rd webinar
The Families First Coronavirus Response Act (FFCRA) was signed into law on March 18, 2020. This is the second in what is expected to be a series of bills that aim to stimulate economic growth and ensure proper medical treatment and nutrition for those affected by COVID-19.
In the coming days and weeks, federal regulatory agencies, including the Department of Labor (DOL) and Health and Human Services (HHS), will provide guidance on how to execute or implement the new requirements. In the meantime, employers and advisors must rely on a good faith interpretation of the act’s text.
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