COVID-19 Employer Resources

Information on the CARES Act programs as well as labor laws, unemployment and state programs.

Paycheck Protection Program

**Update - 05/15/2020 - SBA Loan Forgiveness Application Form 3508 released

Apply for PPP with any SBA lender.  May be fully forgivable.  Loans = average monthly payroll expenses x 2.5. Use for payroll, utilities, rent, mortgage interest. 1% loan/2 yrs.  Payments deferred 6 months.  Can be used in conjuntion with EIDL loan if used for different expenses.

Economic Injury Disaster Loan

**Update - 4/27/2020 - SBA will resume accepting applications as soon as they are caught up.

Apply for EIDL directly with SBA.  Must attest to economic need due to COVID-19.  Repay at 3.75% (2.75% non-profits) up to 30-years.  First year’s payments deferred.  Possible forgivable emergency advance of up to $10k. Can be applied for w/ PPP if used for different expenses.

Employee Retention Tax Credit

Refundable credit up to $5,000 per employee taken against payroll tax deposits.  Cannot be used if using other programs for payroll costs.  Sales must be down at least 50% from same quarter in 2019.

Payroll Tax Deferral

Defer payment of employer portion of social security taxes on wages paid through 12/31/20.  Repay 50% - 12/31/21 and 50% - 12/31/22. Can be used along with a PPP loan up until the day loan is forgiven.

PAYROLL MADE SIMPLE

CLIENT PORTAL

All online client services can be found in one location.

FORMS / LINKS

Find links to your employee tax forms as well as many other useful state and federal websites.

PAYROLL TODAY

Stay current by regularly visiting the news room.  Payroll laws and regulations are rapidly changing.

 

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