The American Rescue Plan Act: What Employers Need to Know
The American Rescue Plan Act (ARPA) was signed and passed into law by President Joe Biden on March 11, 2021. The legislation allocates $1.9 trillion in relief in response to the COVID-19 pandemic, including additional and extended relief for workers. The ARPA is the latest COVID relief effort put forth on the Federal level. Just as with previous COVID-related legislation, Netchex is committed to keeping clients up-to-date […]
Read ArticleWhat Employers and Employees Need to Know About the Payroll Tax Deferral
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). Meant as economic relief during COVID-19, the Memorandum allows employers to defer withholding, deposit, and payment of the employee’s portion of the Social Security tax (6.2%) through the end of […]
Read ArticlePaycheck Protection Program Extended For a Final Time
**UPDATED 7/6/2020** In a somewhat surprising move from the Senate late last week, the Paycheck Protection Program has been extended again for an additional five weeks. This latest extension of the popular relief program gives small businesses through August 8 to apply for the loan. The legislation passed quickly through the House and was signed […]
Read ArticleSupreme Court Rules to Protect LGBTQ Rights in the Workplace
In a landmark ruling handed down earlier this week, the Supreme Court of the United States has ruled that employers may not discriminate based on sexual orientation or gender identity in employment. In a 6-3 decision, the court ruled that federal workplace laws prohibit employers from firing gay, lesbian, and transgender workers. This decision to […]
Read ArticlePaycheck Protection Program: How to Ensure Your Business is Eligible for Loan Forgiveness
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. Administered by the Small Business Administration (SBA), these are loans are available through approved lenders and […]
Read ArticleBack to Business: Guide for Small & Medium-Sized Businesses Returning to Work Amidst COVID-19
As some states begin to re-open and relax restrictions and other states work closer to doing the same, businesses are beginning to strategize back to work plans. Needless to say, things have changed (that’s certainly an understatement) and businesses must be prepared for the new world amidst COVID-19. This means revising old policies, adopting new […]
Read ArticleNew Funds, Old Problems: 5 Things to Know About the Paycheck Protection Program Process
Last week, it was revealed that the $349 billion government program established to keep small businesses afloat during the pandemic and resultant economic crisis had already run out of money. Administered by the Small Business Administration (SBA), the Paycheck Protection Program funds were depleted after just 13 days. During this brief time, the SBA says […]
Read ArticleThe Legal and Compliance Considerations of Furloughs, Layoffs, and Reduction in Force
In response to the COVID-19 pandemic, many businesses have been lucky enough to find ways for employees to work from home, but not all jobs are compatible via telecommuting. As the economic downturn takes its toll, a loss of revenue can make difficult choices necessary. Depending on your circumstances and the outlook for your industry, […]
Read ArticleCoronavirus and Beyond: 5 Things for HR Professionals to Understand About the CARES Act
The Coronavirus Aid, Relief, and Economic Security (CARES) Act is more than 800 pages long, and many of the proposals will require the cooperation of federal and state agencies before the practical details can fully take shape. That being said, a range of tax credits are being made available for immediate relief and paycheck protection […]
Read ArticleNetchex Updates Software To Ensure Businesses Stay Up-To-Date and Compliant with New Federal COVID-19 Laws
NEW ORLEANS, LA, April 1, 2020 – Netchex, a local payroll and HR services company, has announced a significant update to their system that gives clients the ability to institute, track, and remain compliant with the new laws recently enacted as part of the Federal Government’s response to the coronavirus (COVID-19) pandemic. Signed into law on […]
Read ArticleCoronavirus and Beyond: CARES Act Stimulus Package Includes Business Loans To Cover Payroll
In the midst of the coronavirus (COVD-19) pandemic, Congress has been swift to enact new legislation aimed at helping individuals, families, and businesses during this unprecedented time—including The Families First Coronavirus Response Act and The Emergency Family and Medical Leave Expansion Act. Now comes The CARES Act. The latest—and most monumental—legislation was signed into law […]
Read ArticleOvercoming Coronavirus: Netchex Solutions to Keep Your Company Functioning and Compliant with New COVID-19 Laws
While much of the day-to-day business world has been put on hold for a few weeks, many businesses are still functioning behind-the-scenes in an effort to remain operational. At Netchex, we are committed to keeping our clients informed and able to manage any new requirements stemming from new federal COVID-19 laws. As new legislation is […]
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