Employee Retention Credit Optimizing Payroll Tax Relief during the COVID-19 Pandemic
Employers experiencing economic hardship due to COVID-19 may be eligible for payroll relief. The employee retention credit (ERC) for eligible employers can be claimed for up to $5,000 per employee in 2020 and up to $28,000 per employee in 2021. One of these two...
Guidance issued for employers claiming the Employee Retention Credit (authored by RSM US LLP)
Notice 2021-20 clarifies retroactive changes made to ERTC and PPP interaction and incorporates several previous frequently asked questions.
Employee retention credit significantly expanded for 2021 (authored by RSM US LLP)
The Employee Retention Tax Credit was significantly expanded by the federal relief and stimulus package finalized Dec. 27, 2020.
Labor Provisions found within the CARES Act
The Key Labor and Other Provisions highlighted herein include key changes made to the Families First Coronavirus Response Act, federal authority extensions to the Department of Labor, hiring flexibility for certain federal agencies, and protection for renters....
New Unemployment Provisions Established in the CARES Act
Last week Congress provided relief for Americans, businesses, and healthcare institutions through a record stimulus deal in response to the COVID-19 pandemic, The Coronavirus Aid, Relief, and Economic Security Act (CARES). The Senate passed H.R. 748 Wednesday...
FFCRA Exemptions for Health Care Providers and Emergency Responders
FFCRA Exemptions for Health Care Providers and Emergency Responders By: Shannon D. Norris FFCRA Requirements The Families First Coronavirus Response Act (FFCRA) generally provides that covered employers must provide to all employees: Two weeks (up to 80 hours)...
FFCRA Exemptions for Small Businesses
FFCRA Exemptions Small Businesses By: Shannon D. Norris FFCRA Requirements The Families First Coronavirus Response Act (FFCRA) generally provides that covered employers must provide to all employees: Two weeks (up to 80 hours) of paid sick leave at the employee’s...
Shared Work Program, Paid Sick Leave and Paid Family Leave Information
Government relief for employers in response to the COVID-19 pandemic This week our state and federal government provided relief for employers in response to the COVID-19 pandemic. The Texas Workforce Commission established a program Shared Work to assist with...