The uncertainty surrounding COVID-19, or the coronavirus, has left many small business owners concerned about the future. While some businesses are practicing social distancing with work-from-home policies, other businesses don’t have the capabilities to do so, leaving many without work.
Many lenders are still requesting 941s to verify payroll amounts. Interim Final Rules from the SBA DO NOT require tax documents. The National Association of Professional Employer Organizations has created a letter for our PEO clients to use when talking to your lender. You can download it here.
The Department of Labor (DOL) has released rules related to administration of leaves under the Families First Coronavirus Response Act (FFCRA) and answered more common questions on their Questions and Answers page. Below are some key highlights to keep in mind when administering these leaves. We also recommend reading our summary of the FFCRA in Comply if you have not already done so.
The CARES Act states “individuals who operate under a sole proprietorship or as an independent contractor and eligible self-employed individuals shall be eligible.”
INVO PEO knows that many of our client’s employees are anxiously waiting to receive their CARES ACT relief check. Those individuals that qualify and have direct deposit accounts on file with the IRS, should start seeing the deposits after April 17.
The IRS states that it has about 60% of taxpayers direct deposit information. For everyone else, the IRS will soon have a website available to provide this information.
Visit IRS.gov for more information. We will continue to post updates as we have them.
With 2017 just around the corner, it is time for employers in 19 different states to begin preparing for the increase in their state minimum wage that will go into effect on January 1, 2017. Each of these states has passed legislation that will increase their state minimum wage to be higher than the federal minimum wage.
When it comes to workplace safety awareness and preventing a slip and fall accident, you have to start from the bottom up– literally. Shoes are the cornerstone in saving you, the employer, money, as well as saving your employees from potential injury.
As much as we try to avoid them, accidents happen. This is why it is important to make sure your company has an effective workplace safety policy. However, that policy goes out of the window if you fail to follow all the procedures outlined within.
To help ensure your company doesn’t suffer from easily avoidable accidents, we have put together a list of all the common workplace safety mistakes, as well as simple ways to avoid them. The accident causes are easy to miss but preventing the accidents are even easier.
Payroll has come a long way since the 1960s. With the ever changing state and federal payroll tax laws, how can a small business keep up and not find themselves overwhelmed? Outsourcing your payroll to a professional employer organization may be the solution you have been looking for.
In addition to all the incredible health and wellness benefits you receive by being an employee with INVO PEO, there are several other employee benefits plans to help make your life easier. We have partnered with a variety of service providers show our appreciation for all the hard work our employees do.
Interested in learning more about our solutions? Let’s talk.
HR Today. A Better Way.
FL License #s:
GL205, GM546, GM575, GM576
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