American Rescue Plan Act A Simple Breakdown for Employers On March 11, 2021, President Biden signed into law H.R. 1319 – the American Rescue Plan Act (the “Act”), which provides approximately $1.9 trillion in further support and stimulus to individuals, businesses and other organizations, as well as state and local governments affected by the COVID-19 …
American Rescue Plan Act : A Simple Breakdown For Employers Read More »
American workers have been hit hard by the Coronavirus Pandemic. To help ease the impact of this ongoing disaster President Trump has administered a variety of programs to assist workers. On August 8th, 2020 President Trump signed several executive orders one allowing for the suspension of Social Security Tax collection for individuals making less than …
Social Security Tax Deferral : What You Need to Know Read More »
For many working Americans, the start of school has left them in a panic about managing work and family needs. Employers are required to offer leave under the Federal Families First Coronavirus Act (FFCRA). You may be one of many business owners who need guidance on how to administer FFCRA leave under the new guidelines. …
Most if not all businesses are adjusting to the new guidelines and regulations put in place because of the COVID-19 Pandemic. At HR Wise llc we are continuously working to keep the most up to date information for our clients to provide guidance during this trivial time. In this blog you will find the most …
FAQ : Hiring and Confidentiality During COVID-19 Read More »
As of June 16, 2020 there are now two different applications that can be filled out when it is time for you to apply for forgiveness on your Paycheck Protection Program Loan. One being the Form 3508EZ. This is a much shorter and simpler form most likely for someone who is self-employed. The most common …
A Simple Guide to Fill Out Your PPP Forgiveness Application Form Read More »
What You Need to Know If you are eligible for the Employee Retention Credit then you may take a 50% tax credit on up to $10,000 in qualifying wages per employee. The wages included in this credit must have been paid after March 12, 2020 and before January 1, 2021. The maximum amount of qualified …
The Paycheck Protection Program Flexibility Act On June 5th, 2020 the “Paycheck Protection Program Flexibility Act of 2020” was signed into law. This act works to relieve some of the restrictions originally placed on the Paycheck Protection Program small business loan. Although the bill has not yet passed this blog will point out 6 key …
Okay, you got your PPP funding, Congratulations! This article is going to help you navigate the Do’s and Don’ts and best practices to ensure you qualify to have your loans forgiven. We will discuss what you can and cannot use the funds for in order to have the funds forgiven and what documentation you will …
As a result of the COVID-19 pandemic, more than 16 million Americans have filed for unemployment in the last three weeks. Approximately 350,000 claims filled in Arizona alone. This unprecedented number has challenged the government at both Federal and State level with the unemployment insurance system. Coincidentally, over the past week, HR Wise llc has received …
In such a short period of time the vast majority of states in our country have issued a shelter in place order, something that as Americans we could not even imagine possible. Many business owners are scrambling to keep up with the ever changing dynamics that this pandemic has brought on. Businesses are either having …