September 1, 2020 – Executive Order Payroll Tax Deferral
President Trump signed an Executive Order going into effect September 1, 2020, permitting employers to defer employee Social Security tax withholding. This program allows employers to decide whether their employees can elect to defer the withholding of 2020 Social Security taxes until 2021, in essence increasing the employee’s net pay in 2020 only to reduce it in 2021. At the present time, based on the guidance received regarding compliance and administrative hurdles, Lyons HR has made the decision to not participate in this program.
U. S. Department of Labor provides employers with online videos and digital compliance assistance toolkits to help employers provide the benefits and protections required by law as a result of the coronavirus pandemic.
Deferral of Employment Tax Deposits and Payments – FAQs from the IRS
Updated Information regarding Form 7200
The IRS has updated FAQ #42 stating that the minimum advance amount that can be claimed on a Form 7200 is $25. Forms requesting less than $25 will not be processed.
IRS Issues Guidance on Reporting Qualified Sick and Family Leave Wages Paid
The IRS issued Notice 2020-54 to assist employers in reporting the amount paid to employees as qualified sick and family leave wages under the Families First Coronavirus Response Act on Form W-2.
Paycheck Protection Program Flexibility Act
On June 5, 2020, President Trump signed the Paycheck Protection Program Flexibility Act into law revising certain aspects of the Paycheck Protection Program (PPP) under the CARES Act. See the AICPA Summary of the PPP Flexibility Act here:
Are you ready for your staff to return to work? See the CDC’s list of critical tasks for employers getting ready to get their staff back in the office.
Return To Work
May 8, 2020
Nevada Road Map to Recovery
Oregon – Details on Restarting Public Life and Business
Information about the CARES Act President Trump recently signed legislation that includes important provisions to help employers keep their employees on payroll during the Coronavirus pandemic …
Small Business Administration Resources
May 15, 2020
Treasury Department releases PPP loan forgiveness application. Find it here.
SBA List of Current Declared Disasters Search by State and County
Paycheck Protection Program loans
May 13, 2020
Treasury Department/SBA announce safe harbor for financial-necessity certification for PPP borrowers with less than $2 million in loan proceeds. See FAQ #46.
Updated 4.15.2020: FAQs from the SBA and the Department of the Treasury
April 27, 2020
PPP Loan Interim Final Rules for Seasonal Employers
Economic Injury Disaster Loans (EIDLs)
Internal Revenue Service
April 29, 2020
IRS releases guidance on Employee Retention Credit under the CARES Act
Find it here.
Form 941 – Updated for claiming Employee Retention Credit
Instructions for Form 941 – Updated for claiming Employee Retention Credit
Form 7200 – Claiming Advance of FFCRA Tax Credits
Instructions for Form 7200 – Advance Payment of FFCRA Tax Credits
Families First Coronavirus Response Act
Highlights of DOL and FFCRA Update for Employers from Maynard Cooper
DOL released FAQs regarding the Families First Coronavirus Response Act. Click here to see those FAQs.
Information for Lyons HR Clients
What about your 401(k)? FAQs from Slavik 401k about the CARES Act and your 401(k)
Federal and National Resources for Employers
April 23, 2020
EEOC Issues Updated COVID-19 Technical Assistance
U.S. Department of Labor Release
COVID-19 Relief and Guidance for Employee Benefit Plans
Internal Revenue Service – Coronavirus Tax Relief
OSHA Releases Updated Guidance for Use of PPE due to N95 mask shortage and Updated Guidance for Use of PPE from other Countries
Federal Resources – Health-related
State Resources – Businesses
April 28, 2020 – Governor issues Safer at Home Order
April 3, 2020 Alabama issues Statewide “Stay at Home” Order
Governor Press Release – Alabama small businesses can seak SBA COVID-19 disaster loans
COVID-19 – State of California
April 27.2020 Colorado Expands Coverage and Amount of Leave under HELP Rules. Read the Colorado DOL Emergency Rule here
April 28, 2020
Some Florida workers need to reapply for federal unemployment benefits.
Click here for information.
Go to Floridajobs.org to file a claim
See the DEO flowchart for people who were denied benefits.
PEO acts as Employer for unemployment claims in these states:
- NEW YORK
- NORTH CAROLINA – Disaster Unemployment Assistance FAQs
- Updated March 26, 2020 – Filing for Unemployment Benefits Due to COVID-19
- NEW JERSEY
- NEW MEXICO
- WEST VIRGINIA
Client is Employer for unemployment claims in these states:
- ILLINOIS NOTE: PEO may be Employer for unemployment claims. Contact your HR Manager to confirm.
- NORTH DAKOTA
- RHODE ISLAND
- SOUTH CAROLINA
- SOUTH DAKOTA