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 […]
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What 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 […]
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Paycheck 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 […]
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