16 Apr

Posted at 20:36h in COVID-19, HR and Operations by . .

This HR Toolkit provides an overview of pressing issues employers face, including vital information on new federal laws such as the Families First Coronavirus Response Act (FFCRA) and Coronavirus Aid, CARES Act, HIPAA privacy considerations, layoffs and furloughs, tax credits and much more. Note, due to the developing nature of the pandemic, the guidance in […]

09 Apr

Posted at 16:26h in Compliance White Papers, COVID-19, HR and Operations by . .

The Coronavirus Aid, Relief, and Economic Security (CARES) Act, enacted on March 27, 2020, provides federal funding to expand the availability of unemployment insurance (UI) benefits during the coronavirus (COVID-19) public health emergency. Under this law, virtually all types of workers, even those who otherwise would not qualify for UI benefits, may receive payments for […]

04 Apr

Posted at 16:12h in COVID-19, Employee Benefits by . .

Know Your Benefits HeaderOn March 27, 2020, the U.S. Congress passed the Coronavirus Aid, Relief and Economic Security Act (CARES Act) to provide $2.2 trillion in federal funding to address the COVID-19 crisis. The president signed the CARES Act into law the same day.

In addition to providing direct financial assistance to Americans, the CARES Act repeals the Medicine Cabinet Tax provision of the Affordable Care Act (ACA), expanding the list of qualifying expenses that can be purchased with health savings accounts (HSAs), health reimbursement arrangements (HRAs) and flexible spending accounts (FSAs).

03 Apr

Posted at 15:59h in COVID-19, HR and Operations by . .

HR Compliance Bulletin headerThe Coronavirus Aid, Relief and Economic Security Act (CARES Act) creates an employee retention tax credit, which is designed to encourage eligible employers to keep employees on their payroll, despite experiencing economic hardship related to COVID-19.

The employee retention credit is a fully refundable tax credit equal to 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19. This tax credit applies to qualified wages paid after March 12, 2020, and before Jan. 1, 2021. The maximum credit for qualified wages paid to any employee is $5,000.