With COVID-19 hitting businesses tremendously hard, all levels of government and other organizations have made a number of financial resources for businesses available. Below is a comprehensive list of those resources with links to where you can learn more. Continue reading “COVID-19 Business Loan/Grant Resources”
Tag: Families First Coronavirus Response Act
GMG Webinar: COVID-19 Paid Leave & EFMLA – Answering Employer Questions
With the passage of the Families First Coronavirus Response Act, employers were required to implement two new federal paid leave programs. However, employers continue to have many questions on the law, including which businesses are exempt and which circumstances are covered under the new Emergency Paid Leave and Extended Family and Medical Leave Act. GMG will host a webinar on May 7 at 10am where our expert presenter from the U.S. Department of Labor’s Wage & Hour Division will discuss employer’s obligations under the law and answer your questions. Continue reading “GMG Webinar: COVID-19 Paid Leave & EFMLA – Answering Employer Questions”
Paid Leave Flow Charts
Our friends at Abdo, Eick and Meyers Workforce Solutions have created two great flowcharts to help businesses determine when and how to pay employees under the new paid leave programs in the Families First Coronavirus Response act and identifying how to calculate and apply for credits and refunds. Check them out!
Webinar: How State and Federal Legislation Can Help Your Business
Both the federal government and Minnesota Legislature have recently passed legislation that will speed critical funds to Minnesota businesses and families. With new legislation comes questions on what the changes mean for Minnesota businesses. The Minnesota Chamber of Commerce recorded a webinar to answer your questions on both the state and federal COVID-19 relief packages. Patrick Baker on the GMG team is also well-versed in these new state/federal programs and is happy to walk any business through them. You can contact him at 507-385-6657 or pbaker@greatermankato.com. Continue reading “Webinar: How State and Federal Legislation Can Help Your Business”
IRS Provides Guidance for new Paid Leave Programs
Included in the Families First Coronavirus Response Act passed by Congress was the establishment of two new paid leave programs impacting employers under 500. The U.S. Internal Revenue Service (IRS) has issued preliminary guidance for employers to implement these new programs. You can view this guidance here.
UPDATED: COVID-19 Tax Issues for Businesses
The Federal Government and State of Minnesota have taken several steps related to taxes to help mitigate the impact of COVID-19 on businesses. Below is a summary of these actions (current as of 2:15 pm March 20) and links to additional resources. Continue reading “UPDATED: COVID-19 Tax Issues for Businesses”
UPDATED: Families First Coronavirus Response Act – Key Provisions Impacting Employers
UPDATED: The US Senate has passed an amended version of the Families First Coronavirus Response Act (HR 6201) with a bipartisan vote thus sending it to President Trump for his signature, who has indicated he will sign. Below is an update to the paid leave provisions contained in the final bill, which changed significantly from the bill originally passed by the House. The legislation guarantees free coronavirus testing, enhances Unemployment Insurance, strengthens food security initiatives, and increases federal Medicaid funding to states. In addition, the legislation creates two new paid leave programs that every business under 500 employees and all government employers must implement for their employees 15 days after enactment. Below is a HR 6201 Summary of those new programs. Please don’t hesitate to contact Patrick Baker (pbaker@greatermankato.com) with any questions.
Our friends at Blethen | Berens have also created a summary of the new law you can access here.
Greater Mankato Growth Blog 