What are the 10 Key Points to consider when employers evaluate if they should participate in the payroll tax deferral issued by President Trump in August?
Because of the need for additional guidance and the challenging administrative responsibilities, many employers are electing not to offer the deferment.
For additional questions, contact us at firstname.lastname@example.org.
What is a “Twindemic”??
Along with a possible second wave of COVID-19, we are now approaching flu season—identified as a “twindemic”. Health experts say that even a mild flu season could overwhelm the healthcare system. While practicing prevention such as washing hands, disinfecting areas, and working at home may reduce the severity of flu season, there are no guarantees the flu will be mild.
Ways to continue to keep employees healthy include:
4. If employees are back at work, offer flu shots by a health care provider
5. Continue with prevention methods
In certain situations, employers can require employees to get a flu shot if their position would put others at a risk of exposure, such as in the healthcare field. Check with your healthcare provider about what resources are offered or contact Human Resource Solutions for more information.
Workers’ compensation provides covered employees with income and medical benefits if they are injured on the job or have a work-related injury or illness and is regulated by the Division of Workers’ Compensation (DWC). Texas is one of the few states that does not require a company to carry Workers’ Compensation insurance, although certain forms and notices are still required, such as;
President Trump recently signed into law the PPPFA which allows more flexibility when using PPP funds and applying for loan forgiveness. Key components include reducing the amount that must be spent on payroll costs from 75% to 60% and extending the timeframe to rehire certain laid-off employees from June 30thto December 31st if seeking loan forgiveness. Check with your accountant, bank or payroll provider for more information on all of the guidelines.