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CARES Act: Small Businesses

The uncertainty surrounding COVID-19, or the coronavirus, has left many small business owners concerned about the future. While some businesses are practicing social distancing with work-from-home policies, other businesses don’t have the capabilities to do so, leaving many without work.

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News

Payroll Protection Program and 941s

Many lenders are still requesting 941s to verify payroll amounts. Interim Final Rules from the SBA DO NOT require tax documents. The National Association of Professional Employer Organizations has created a letter for our PEO clients to use when talking to your lender. You can download it here.

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human resources

FFCRA: New Rule and Guidance from DOL and IRS

The Department of Labor (DOL) has released rules related to administration of leaves under the Families First Coronavirus Response Act (FFCRA) and answered more common questions on their Questions and Answers page. Below are some key highlights to keep in mind when administering these leaves. We also recommend reading our summary of the FFCRA in Comply if you have not already done so.

News

Stimulus Checks

INVO PEO knows that many of our client’s employees are anxiously waiting to receive their CARES ACT relief check. Those individuals that qualify and have direct deposit accounts on file with the IRS, should start seeing the deposits after April 17.

The IRS states that it has about 60% of taxpayers direct deposit information. For everyone else, the IRS will soon have a website available to provide this information.

Visit IRS.gov for more information. We will continue to post updates as we have them.

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Risk Management

Is Your Company Guilty of These 9 Workplace Safety Policy Mistakes?

As much as we try to avoid them, accidents happen. This is why it is important to make sure your company has an effective workplace safety policy. However, that policy goes out of the window if you fail to follow all the procedures outlined within.

To help ensure your company doesn’t suffer from easily avoidable accidents, we have put together a list of all the common workplace safety mistakes, as well as simple ways to avoid them. The accident causes are easy to miss but preventing the accidents are even easier.

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