The Employee Retention Credit has been designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by the coronavirus and quarantine. Who's eligible?...
The Tarrant County Small Business Assistance Grant Program has been established by the Tarrant County Commissioners Court to utilize $30 million in CARES Act funding to provide grants to Tarrant County small businesses who have been financially impacted by the COVID-19 public health emergency, with...
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...