Remove 2020 Remove Compensation Remove Guidelines Remove Payroll
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Updated Paycheck Protection Program FAQs

Zenefits

Beginning with allocation of funds received, the PPPFA decreases the percentage of loan funds that must be allocated to payroll only. PPP required employers to spend 75% of their loans on payroll. The PPPFA lowers that amount to 60% of the total loan required for payroll. How much time do I have to spend the loan funds?

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Paycheck Protection Program: How to Ensure Your Business is Eligible for Loan Forgiveness

Netchex HR Blog

June 3, 2020. Part of the CARES Act passed in March (and then replenished a month later ), the Paycheck Protection Program (PPP) is a loan program for small businesses designed to provide a direct incentive for keeping their workers on the payroll. How are “payroll costs” defined under the PPP?

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2023 Wrapped: Trends, Changes, and Solutions 

MP Wired For HR

HR on the Move: Embracing Change and Driving Progress Gone are the days of HR being solely focused on paperwork and payroll. Here are some strategies: Establish clear communication guidelines: Set expectations for response times, meeting protocols, and communication channels to avoid miscommunication and delays.

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The Definitive Guide to PPP Loan Forgiveness: FAQ and Guidelines

Zenefits

Loans will be forgiven as long as: The loan was used to cover payroll costs, mortgage, interest, rent, and utility costs over the 8-week period after the loan is paid; and. Employee and compensation levels are maintained. State and local taxes assessed on compensation. 15 and April 26, 2020 have until June 30 to restaff.

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What Employers and Employees Need to Know About the Payroll Tax Deferral

Netchex HR Blog

There has been a great deal of uncertainty in recent weeks surrounding President Trump’s Memorandum on payroll taxes issued earlier this month (on August 8). Here’s a brief look at what we now know and what we still need to find out about the payroll tax deferral: What are payroll taxes? monthly / $104,000 annually.

Payroll 63
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Looking to the Future of Legislative Updates

MP Wired For HR

Previously, strict guidelines required everyone to be clean-shaven, and mustaches had to meet specific size criteria. Should the time spent on these tasks be compensated, or is there a need to consider more regulated oversight on overtime?

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New DOL bulletin — Compensable break time for remote employees

Business Management Daily

Back in 2020, the Department of Labor released a Field Assistance Bulletin to its investigators, which concluded that an employee who worked in the office, ran errands during the afternoon, and continued working at home didn’t need to be paid for the time she was running errands because it was personal time. She starts work at 7:00 a.m.,