New Legislation Brings More Aid to Small Businesses and the Unemployed

April 22nd, 2021
Covid-19, In The News, Uncategorized

Author: Laurey West, SHRM-CP
Director of Operations

The past year and a half have brought about many legislative changes to bring aid to those impacted by the deadly Coronavirus pandemic. Our team continues to stays current with the changes by attending legal webinars, reading payroll and HR briefs provided by the organizations that hold our professional certifications, and reviewing the vital information provided by the National Association of Professional Employer Organizations (NAPEO) to stay current with the rapidly changing legislation as we did at the onset of this horrible virus.

Our team has been working very closely with all of our clients to help them receive the benefits for the PPP loans/loan forgiveness, applying for tax credits or with set up of social security deferrals. We have also been filing for tax credits and advances for our clients. It is our primary focus to provide our clients every possible mean to help them recover from the economic impacts of the devastating pandemic.

One thing we have witnessed throughout these challenging times is this Nation’s great resilience, “can do” attitude and the spirit we are going to get through this together. It has been amazing to see companies in our same industry sharing ideas and collaborating on the best ways to serve all of our clients. Many new friendships have been forged. This is something that makes me so proud and thankful.

I have listed some resources below that you may find helpful:

How the Updated Employee Retention Credit Works and How To Get It (investopedia.com)
New law extends COVID tax credit for employers who keep workers on payroll | Internal Revenue Service (irs.gov)
Tax-Free COBRA Subsidy in ARPA (natlawreview.com)

Wishing you the very best in 2021 and stay well!