Quinn Payroll Solutions

SBA Issues New Interim Final Rule Simplifying PPP Loan Forgiveness

Employers who received a PPP loan of $50K or less can now receive full loan forgiveness, even if they do not rehire their employees by 12/31.

natlawreview.com On October 8, 2020, the Small Business Administration (SBA) issued an Interim Final Rule (IFR) and a new Paycheck Protection Program (PPP) loan forgiveness application, Form 3508S, greatly simplifying

Luzerne County COVID-19 Grant Program | Luzerne County, PA

Luzerne County announces new grant program to aid small businesses, non-profits, and self-employed individuals who have been impacted by COVID-19.

Eligible businesses must have fewer than 15 full-time employees and have annual revenue of less than $500,000.

Applications must be submitted by October 14, 2020.

luzernecounty.org Luzerne County COVID-19 Grant Program

How to Apply for PPP Loan Forgiveness? | Quinn Payroll Solutions

Here's everything you need to know about applying for PPP loan forgiveness.

quinnpayrollsolutions.com Learn everything you need to know about applying for PPP loan forgiveness. When and how should you apply for PPP loan forgiveness?

Payroll Tax Holiday

Employers and employees must be aware that the "payroll tax holiday" that goes into effect today 9/1 is NOT a payroll tax cut. Employees will have to pay these taxes back by 4/30/21 and employers are on the hook for collecting and paying the taxes back to the IRS - even for employees who have left your business! Unless new legislation is passed that allows these taxes to be forgiven, the IRS will begin imposing penalties and interest on the EMPLOYER'S account for any taxes that are not repaid by 4/30/21.

quinnpayrollsolutions.com Presidential Executive Order: Payroll Tax Holiday Effective September 1, 2020 President Trump signed an executive order on August 8, 2020 that allows employees to defer their portion of the Social …

IRS says companies are responsible for deferred payroll taxes

https://www.accountingtoday.com/articles/irs-says-companies-are-responsible-for-deferred-payroll-taxes

accountingtoday.com The Internal Revenue Service issued some eagerly anticipated guidance on President Trump's executive order.

U.S. Expected to Revise Small-Business Aid Program

Hopefully much needed changes to the Paycheck Protection Program coming soon!

wsj.com Lawmakers and government officials are preparing to make significant changes to the Paycheck Protection Program, amid cooling demand for government-backed loans and criticism from business owners.

COVID-19 Employer Compliance Assistance - Quinn Payroll Solutions, Inc.

alignable.com Are you newly required to pay your employees sick leave? Are you eligible for a new payroll tax credit? Have you received a PPP loan? We’re here to help you understand and navigate these complex regulations many small business owners must now comply with. Employers must be aware of and comply with...

Employee Retention Credit (ERC)

Can’t get a Paycheck Protection Loan for your business? Claim up to $5,000 per employee with the new Employee Retention Credit.

https://www.quinnpayrollsolutions.com/employee-retention-credit/

quinnpayrollsolutions.com Can’t Get a Paycheck Protection Loan? Businesses applying for (or who have been denied) a Paycheck Protection Program loan should be aware of a new payroll tax credit created by the…

Filing for PUA

Self-employed individuals, independent contractors, gig workers, and those otherwise not eligible for unemployment benefits may NOW apply in Pennsylvania.

https://www.uc.pa.gov/unemployment-benefits/file/Pages/Filing-for-PUA.aspx

uc.pa.gov You can now apply for PUA, expanded eligibility for individuals who have traditionally been ineligible for unemployment benefits (e.g. self-employed workers, independent contractors, gig workers).

Pennsylvania Begins Implementing New Federal Unemployment Benefits, Eligible Claimants Get Extra $600 Starting Next Week

https://www.governor.pa.gov/newsroom/pennsylvania-begins-implementing-new-federal-unemployment-benefits-eligible-claimants-get-extra-600-starting-next-week/

governor.pa.gov Governor Tom Wolf announced today the Pennsylvania Department of Labor & Industry (L&I) is implementing new federal unemployment compensation benefits provided by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The COVID-19 relief package temporarily provides an additional $600 per w...

Unemployment Benefits

The historical CARES Act expands unemployment benefits to self-employed individuals, independent contractors, freelancers, gig workers, and individuals who otherwise wouldn’t be eligible for unemployment benefits.

https://www.quinnpayrollsolutions.com/pandemic-unemployment-benefits/

quinnpayrollsolutions.com COVID-19 Unemployment Benefits: Are You Eligible? The Coronavirus Aid, Relief, and Economic Stability (CARES) Act went into effect on March 27, 2020 as part of Congress’s efforts to respond t…

www.sbc.senate.gov

Small Business Owner's Guide to the CARES Act

https://www.sbc.senate.gov/public/_cache/files/9/7/97ac840c-28b7-4e49-b872-d30a995d8dae/F2CF1DD78E6D6C8C8C3BF58C6D1DDB2B.small-business-owner-s-guide-to-the-cares-act-final-.pdf

sbc.senate.gov

www.uschamber.com

SBA Paycheck Protection Program Guidelines

https://www.uschamber.com/sites/default/files/023595_comm_corona_virus_smallbiz_loan_final.pdf

uschamber.com

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COVID 19 Small Business Loans

https://www.quinnpayrollsolutions.com/covid-19/small-business-loans/

quinnpayrollsolutions.com COVID-19 How to Get Money for Your Business Forgivable Business Loans Gain access to working capital loans up to $10,000,000. Turn it into a tax-free grant from the government when you use it for q…

MyPayrollHR Accused Of Fraud In Sudden Shutdown | PYMNTS.com

This is alarming and unfortunate for the businesses and employees affected by the sheer lack of accountability and ethical standards evident here.

pymnts.com Cachet, the financial services partner of MyPayrollHR, accuses the payroll firm of fraud ahead of its sudden shutdown and alleges money was diverted.

FREE payroll + FREE unlimited W-2s (Limited time offer)

Sign up before October 15 and receive your first month of payroll services on us, plus you'll get all of your 2019 W-2s processed and filed for free!

alignable.com Offered by Quinn Payroll Solutions, Inc. - Sep 15th - Oct 15th: Sign up before October 15 and receive your first month of payroll services on us, plus you'll get all of your 2019 W-2s processed and filed for free!

Why Payroll Is One Function You Should Outsource

smallbiztrends.com Outsourcing payroll has several advantages. Read why you should outsource payroll, and tips for choosing an outsourced payroll company.

Employers Should Plan Now for New Federal Overtime Rule

shrm.org The U.S. Department of Labor is expected to set a new salary threshold soon for the white-collar exemptions to overtime pay under the Fair Labor Standards Act—but employers should start planning for changes now.

Quinn Payroll Solutions, Inc. is now highly recommended!

alignable.com Thank you for the recognition and check out all our recommendations on Alignable.

Independent Contractor or Employee - What's the Difference?

thebalancesmb.com The IRS sets requirements for categorizing workers as independent contractors or as employees. Here is a brief discussion of the distinctions.

Is 2019 the year Pa. raises its minimum wage? The ‘good economy’ might make that possible

pennlive.com As Democrats push for minimum wage reform, Republican lawmakers appear open to discussion.