Borrowers under the Paycheck Protection Program (PPP) can qualify for partial loan forgiveness if less than 60% of the PPP loan is used for payroll, the U.S. Small Business Administration (SBA) and Treasury said Monday. Legislation signed June 5 lowered to 60% from 75% the minimum...
Congress recently passed legislation to loosen some of the restrictions that came with the popular Payroll Protection Program; the president signed it into law on June 5. The new law runs only about 1,000 words, but contains several major changes that vastly extend the terms of...
Yes. Generally, inquiries about an employee’s health or a medical exam (like a temperature check) would not be allowed, but the Equal Employment Opportunity Commission (EEOC) has stated that screening employees for symptoms of COVID-19 is allowed since it is a direct threat to others...
Changing gears from concerning headlines that are present daily, Payroll Partners wants to highlight a career worthy of celebration, respect and gratitude. Effective June 30, Gary Steele will step down as President of Payroll Partners and begin a well-earned retirement! Gary left the banking world behind...
The Department of the Treasury and the Internal Revenue Service issued final regulations clarifying the reporting requirements generally applicable to tax-exempt organizations. The final regulations reflect statutory amendments and certain grants of reporting relief announced by the Treasury Department and the IRS in prior guidance to...
Usually, when companies begin moving from an office-based to a virtual model, they do it gradually, with plenty of planning and training. However, thanks to COVID-19, many businesses are seeing the need to quickly empty out offices and send everyone home to keep the virus from...
We're excited to announce to our WorkforceHUB clients new features that add ease and efficiency: We've added a new user role for onboarding, the ability to enable you to administer Admins, new report for client administrators and an update to the EVO connector. New Onboarding User...
The U.S. House approved legislation Thursday making it easier for small businesses and other recipients of Paycheck Protection Program (PPP) funding to qualify for forgiveness of the loans. The House bill, called the Paycheck Protection Flexibility Act, H.R. 7010, extends from eight weeks to 24 weeks...
Do we still have to provide emergency paid sick leave or expanded FMLA if we lay off or furlough employees? No. Employers who are closed — either due to lack of business or a state or local order — do not have to provide these leaves....
Due to COVID-19, the IRS is providing relief on a variety of issues as part of the People First Initiative. The IRS is modifying certain activities through the filing and payment deadline, Wednesday, July 15, 2020. Here’s what people need to know about relief related...