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CARES Act - Employee Retention Credit
March 31, 2020 by Allison Stevens
Background The new law establishes a payroll tax credit for employers subject to closure or experiencing economic hardship due to COVID-19. The business must meet one of two tests for its wages to qualify for the credit: 1. Business is fully or partially shut down due to orders from a...
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Individual COVID-19 Stimulus Rebate Payment
March 30, 2020 by Andy Graf
The Coronavirus Aid, Relief, and Economic Security Act was signed by President Trump on March 27, 2020. As part of this new law, stimulus rebate payments will soon be getting sent to most individuals. Taxpayers are eligible for a rebate payment equal to the sum of $1,200 ($2,400 for joint...
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New Department of Labor Posting Required for Employers
March 26, 2020 by Morgan Bartkowski
As part of the Families First Coronavirus Response Act (FFCRA), the Department of Labor (DOL) has posted on their website a required notice about the law. Each covered employer must post this notice of the FFCRA requirements in a conspicuous place on its premises. An employer may satisfy this requirement...
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