Nicole Vullo

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allows taxpayers to defer paying the employer portion of Social Security taxes through the end of 2020, with all 2020 deferred amounts due in two equal installments, one at the end of 2021, the other at the end of 2022: Employers can defer payment for the employer portion of payroll taxes incurred between the date the CARES Act is enacted, March 27, 2020 through December 31, 2020. If deferred, the employer would instead pay 50% of this amount by December 31, 2021, and the remaining 50% by December 31, 2022.  The eligible payroll taxes are the employer’s portion of Social Security taxes (6.2%). Payroll taxes are shouldered by workers and employers: Each pays 6.2% toward Social Security and 1.45% toward Medicare. Employers are still on the hook for paying the 1.45% of wages that goes toward funding […]

President Trump has signed into law the Families First Coronavirus Response Act (H.R. 6201) despite objections from some lawmakers that the act doesn’t offer enough assistance and could hurt some small businesses by mandating paid sick and family leave. The act includes a wide range of provisions, including: Insurance coverage Reimbursement of diagnostic testing costs Expanded safeguards for economically disadvantaged individuals For more information on this topic, please click here.

The Department of Labor issued the Families First Coronavirus Act poster this morning. In general, this applies to all employees of private sector employers with fewer than 500 employees.  All covered employers must post this notice in a conspicuous place along with its other employment law posters.  If you do electronic posting of other employment posters, you may also post this poster electronically.  Covered employers must also provide the Notice to new hires. The DOL stated that the leave requirements are effective April 1, 2020. You can download and print the poster here.

The Small Business Administration issued revised guidance for small businesses seeking economic relief as a result of COVID-19 pandemic on March 12, 2020. Organizations who are suffering substantial economic harm from the pandemic can seek economic injury disaster relief loans (EIDLs) from the SBA for working capital. For more information and to learn more about the availability, terms, criteria, and submission process, please click here.

In response to the COVID-19 pandemic, also known as coronavirus, many work forces are operating remotely to keep their employees safe. However, an increase in people utilizing a work-from-home environment has led to a rise in cybersecurity risks. A complete overview of the risks your organization could face, a list of action items, and next steps to take is available here.