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06Apr 21

COVID-19 Update April 6, 2021

The U.S. Internal Revenue Service has issued guidance for employers claiming the Employee Retention Credit under the Coronavirus Aid, Relief, and Economic Security Act, modified by the Taxpayer Certainty and Disaster Tax Relief Act of 2020. Under the Relief Act, eligible employers can claim a refundable tax credit against the employer share of Social Security tax equal to 70% of the qualified wages they pay to employees after Dec. 31, 2020, through June 30, 2021. The maximum employee retention credit…

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31Mar 21

COVID-19 Update March 31, 2021

As we all know, the COVID-19 global pandemic turned the workplace on its head a year ago. Workplace connections that had occurred casually in the lunchroom or in the office corridor were no more, and all meetings were held virtually. So what have HR professionals and their organizations learned from this experience in the last year? SHRM published an interesting piece on how the pandemic changed the way work gets done. Business seems to be picking up for most of…

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24Mar 21

COVID-19 Update March 24, 2021

Because we are connected to many employers through both our companies, Delta Personnel, Inc and Delta Administrative Services, LLC, we know first-hand that employers are having a very hard time finding employees willing and able to go back to work, especially for positions with lower pay. We recently attended a webinar that described “the perfect storm” situation we’re in and how tax returns, stimulus checks, and added unemployment benefits contribute to difficulty finding workers. Even if these numbers are slightly…

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19Mar 21

COVID-19 Update March 19, 2021

Happy Friday! We attended two informational webinars we attended this week. First, NAPEO’s webinar reviewed items that affect employment in the recently passed American Rescue Plan Act, (ARPA). It would be good to also read President Biden’s Executive Order on Ensuring the Future Is Made in All of America by All of America’s Workers. Next, a local CPA firm provided an overview of the changes to what expenses are allowed for PPP loan forgiveness. Some exciting news to many of…

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17Mar 21

COVID-19 Update March 17, 2021

We came across a few interesting articles this week on some major topics we wanted to share: First, the American Rescue Plan Act, signed into law on March 11, contains several key provisions to help struggling businesses and workers during the coronavirus pandemic. Furthermore, it allocates a total of $50 billion to small businesses including an additional $7.25 billion in PPP funds and $28.6 billion for a new grant program for certain bars, restaurants, and other venues that had to…

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13Mar 21

COVID-19 Update March 13, 2021

Hope you’re having a great weekend! Here’s a brief summary of some of the changes coming out of DC: American Rescue Plan Highlights for Employers: An extension of the Employee Retention Tax Credit through the 3rd and 4th quarters of 2021. An extension of the tax credits for voluntarily providing FFCRA paid sick and family leave another two quarters - through Sept. 30, 2021. An increase in the exclusion for employer-provided dependent care assistance for 2021 from $5,000 to $10,500.…

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10Mar 21

COVID-19 Update March 10, 2021

BREAKING NEWS! The House of Representatives passed the next COVID-19 stimulus bill at $1.85 trillion. On a strictly bipartisan basis, 100% democrats voted for it and 100% republicans voted against it. It now moves to the White House for President Biden’s signature, which is expected by Friday. Furthermore, here’s what we learned during our NAPEO Federal Affairs Committee meeting: The key matters that were discussed at length were the COBRA subsidies passed as part of the bill and the ongoing…

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03Mar 21

COVID-19 Update March 3, 2021

The IRS finally released some FAQs on ERTC with details on how to take advantage of the tax credit program even if your company took the PPP loan. Delta is here if you have any questions about how to apply or if you’d like to find out if you’re eligible. As expected, the proposed $1.9 trillion stimulus bill is still stuck in Congress over various controversial issues, including the increase of the federal minimum wage to $15/hr. The House passed…

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