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DOL's New Q&As About FFCRA Leave

Jan 11

DOL's New Q&As About FFCRA Leave

The U.S. Dept. of Labor (DOL) has issued two additional Q&As about employee leave under the Families First Coronavirus Response Act (FFCRA). Q&A 104 explains that employers are not required to provide employees with FFCRA leave after Dec. 31, 2020, even if an employee did not use all available leave in 2020. However, under the Consolidated Appropriations Act, 2021, employers may voluntarily decide to provide this leave. Employers that voluntarily provide leave can receive tax

New Stimulus Extends FFCRA Tax Credits -- But Not Leave Mandate

Dec 22, 2020

New Stimulus Extends FFCRA Tax Credits -- But Not Leave Mandate

Employer Credits Available for Leave Offered Through March 2021 An appropriations bill passed by Congress on Dec. 21, 2020, and expected to be signed into law by President Donald Trump does not extend the paid sick leave and expanded family and medical leave mandates created by the Families First Coronavirus Response Act (FFCRA). These leave requirements expire on Dec. 31, 2020. However, the bill does extend the time limit for employer tax credits for FFCRA employee leave. A

HR Alert: EEOC Issues Guidance on COVID-19 Vaccinations in the Workplace

Dec 17, 2020

HR Alert: EEOC Issues Guidance on COVID-19 Vaccinations in the Workplace

As a follow-up to our latest post, The Equal Employment Opportunity Commission (EEOC) has just released guidance on the responsibilities and rights of employers and employees related to the COVID-19 vaccine. The publication, “What You Should Know About COVID-19 and the ADA, the Rehabilitation Act, and Other EEO Laws,” (link below) includes a section providing information to employers and employees about how a COVID-19 vaccination interacts with the legal requirements of the t

Families First Coronavirus Response Act Expires Soon

Dec 10, 2020

Families First Coronavirus Response Act Expires Soon

FFCRA BENEFITS SET TO EXPIRE ON DECEMBER 31, 2020 The Families First Coronavirus Response Act (FFCRA) requires covered employers with less than 500 employees to provide eligible employees with up to twelve weeks of paid leave. As 2020 comes to a close, employers should keep the following in mind: FFCRA leave benefits—including Emergency Paid Sick Leave (EPSL) and Expanded Family and Medical Leave (EFMLA)—were created by a time-limited statutory authority and are set to expire

Departments Issue Transparency in Coverage Rule

Oct 30, 2020

Departments Issue Transparency in Coverage Rule

New Rule Requires Disclosure of Cost-sharing Information On Oct. 29, 2020, the Departments of Labor (DOL), Health and Human Services (HHS) and the Treasury (Departments) issued a final rule regarding transparency in coverage that imposes new transparency requirements on group health plans and health insurers in the individual and group markets. The final rule requires plans and issuers to disclose: Cost-sharing estimates to participants, beneficiaries and enrollees through an

IRS Extends ACA Reporting Deadline for 2020

Oct 14, 2020

IRS Extends ACA Reporting Deadline for 2020

The IRS has delayed the deadlines by which employers must furnish 2020 Forms 1095-C and 1095-B in early 2021. For 2020, the furnishing deadline was Feb. 1, 2021, Since Jan. 31, 2021, is a Sunday. The IRS has provided an additional 30 days for furnishing the 2020 Form 1095-B and Form 1095-C, extending the due date from Feb. 1, 2021, to March 2, 2021. The deadline for filing with the IRS under Sections 6055 and 6056 remains March 1, 2021 (since Feb. 28, 2021, is a Sunday), or M

SBA Issues New PPP Forgiveness Application for Loans Under $50,000

Oct 9, 2020

SBA Issues New PPP Forgiveness Application for Loans Under $50,000

The Small Business Administration announced a simplified Payroll Protection Program (PPP) forgiveness application this week for all loans of $50,000 or less. SBA also eased the burden on PPP lenders, allowing lenders to process forgiveness applications more swiftly. Click here to view the simpler loan forgiveness application. Click here to view the instructions for completing the simpler loan forgiveness application. Click here to view the Interim Final Rule on the simpler fo

President Issues Health Care Plan Executive Order

Sep 27, 2020

President Issues Health Care Plan Executive Order

On Sept. 24, 2020, President Donald Trump introduced his plan for affordable, high-quality health care, called the America First Health Care Plan. This plan, issued in an executive order, is primarily aimed at protecting people with preexisting conditions and combating surprise medical billing. The executive order directs the Departments of Health and Human Services (HHS), Labor and the Treasury to maintain and build upon existing actions to: Expand options for affordable hea

IRS Provides Guidance On Payroll Tax Deferment

Sep 1, 2020

IRS Provides Guidance On Payroll Tax Deferment

DEFERRED TAXES MUST BE RECOUPED BETWEEN JAN. 1, AND APR. 30, 2021 On Aug. 8, 2020, President Donald Trump ordered the U.S. Department of Treasury (the Department) to defer collecting certain payroll taxes from wages earned between Sept. 1 and Dec. 31, 2020. On Aug. 28, 2020, the Internal Revenue Service (IRS) issued Notice 2020-65 (the Notice) to provide guidance for affected employers. Employer participation in these deferrals is permitted, but not required. Eligibility for

SBA Releases New FAQ on PPP Loan Forgiveness

Aug 10, 2020

SBA Releases New FAQ on PPP Loan Forgiveness

The Small Business Administration has issued new guidance in the form of FAQs that address some issues related to PPP loan forgiveness. You can view the guidance here or download a copy via the link below. For additional information, contact Thrive PEO - Oklahoma's best Professional Employer Organization at: thrive@thrivepeo.com or (918) 794-2200. #thrivepeo #tulsapeo #oklahomapeo