Description
RECORDED TRAINING COURSE
On March 11, 2021, President Biden signed H.R. 1319, the American Rescue Plan Act of 2021, which extends tax credits for private employers with 499 or fewer U.S. employees that voluntarily decide to provide emergency paid sick and/or family leave according to the otherwise-expired standards in the Families First Coronavirus Response Act’s (FFCRA). This Act had several portions that impacted employers and payroll department.
Since March 2020 several legislation has been extended or changed with several executive orders and now the American Rescue Plan Act of 2021. This webinar will give the participant the information on how these acts have function and where we are today. Detailed information on what employers need to know for tax credits and additional COVID Legislative issues.
SESSION HIGHLIGHTS:
- Details around paid Sick and Family leave to include pay and tax credits
- Suspension of student loan garnishments
- Form I-9 flexibility
- Form 7200 and how does the employer properly use it for both 2020 and 2021
- Unemployment changes and how it impacts the employer
- Review of Employee Retention Credit and how the extensions have changed the requirements
Area covered in this session:
- Paid Sick/Family Leave Legislation
- Emergency paid sick leave
- Required Notice
- Tax Credits
- DOL releases temporary regulations and how it affects employers
- Employer Retention Credit
- Where did we start and how to claim this credit now
- PPP Loans and how it impacts the tax credits
- Department of Education and student loan wage garnishments
- When to stop garnishments
- Should employers give refunds
- When does the garnishments start again
- How to communicate to employees
- I-9 Flexibility & E-verify modifications
- IRS
- Form 7200 Advance Payment of Employer Credits Due to COVID-19
- How does the 7200 interact with the Form 941
- Unemployment Changes
- COBRA changes
Who Should Attend:
- All Payroll Professionals
- All HR Professionals
- Accounting Professionals
- Accountant
- Business Owner
- Director/manager
Recorded Version: Unlimited viewing for 365 days ( Access information will be emailed 24 hours after the completion of live webinar).