Payroll-Related Relief #092
Simply Tax
English - March 30, 2020 22:32 - 33 minutes - 47.2 MB - ★★★★★ - 179 ratingsBusiness simplytax tax taxplanning taxpodcast Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Responding to the Unexpected #091
Next Episode: SBA Loans After the CARES Act #093
Due to the SARS-CoV-2 virus (COVID-19), Washington recently enacted legislation providing various relief measures. In episode two of our COVID-19 Response Series, guest Ryan Peterson and host Damien Martin discuss the payroll-related provisions provided under this new relief. We’ll cover items of common confusion, identify areas needing additional guidance and explain what these newly enacted provisions may mean for you and your business. We’ll also hear from Yelena Bosovik and Julia Dengel on the expansion of emergency family and medical leave and employer tax credits. Here’s what’s covered:
Payroll-specific relief under the Families First Coronavirus Relief Act (FFCRA) @02:39 FAQ on the specifics of the relief provided under the FFCRA @06:46 Employee retention credit under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) @15:03 A few things should be doing now @20:44 Common misconceptions @24:49 Delay of payment of employer payroll and self-employment taxes @27:48 Ryan’s recommended approach to the relief provisions @29:50 Closing thoughts @31:05Learn more about our guests and get additional resources here