On March 27, 2020 Congress enacted “The Coronavirus Aid, Relief, and Economic Security Act” (CARES Act), which includes among many things, the “Paycheck Protection Program” (PPP) designed specifically for small businesses.
On August 8th, President Trump signed an Executive Order to defer payroll tax obligations in light of the ongoing COVID-19 crisis. This Executive Order directs the Treasury Department to defer the collection of the employee portion of Social Security FICA taxes from September 1st through the end of 2020.
As COVID-19 continues to shape the way we live and work – and, four months following nation-wide #StayHome restrictions – it’s a good time to assess your remote business operations, especially from a cybersecurity perspective.
As states begin to lift stay-at-home orders, businesses are taking steps to return to a normal schedule and pattern of employment. While some employees welcome this opportunity, some employees will refuse to return to work, particularly if they are making more money through the coronavirus stimulus bill that currently provides an extra $600.00 per week paid by the federal government through July 31, plus expanded state unemployment benefits for up to 39 weeks.
A lot of businesses are making plans to resume “business as usual” as much as possible. However, in doing so, there are a lot of considerations regarding the health, safety and functioning of your operation that need to be determined.
Congress created the Paycheck Protection Program (“PPP”) under the Coronavirus Aid, Relief and Economic Security Act (“CARES”) to provide forgivable loans to eligible businesses facing economic hardship during the COVID-19 crisis.
HR Compliance during a crisis does bring with it many new concerns for employers. Employee safety and well-being, of course, remain on top of the list, and the COVID-19 pandemic has altered how companies go about managing their workplace.
Provide the best work-from-home experience with these tips designed to support your teams.
It is definitely a rocky time for many businesses, and tough decisions will be contemplated about your human capital. CHR is here to help.
Information from Federal and State government authorities regarding workplace compliance.