COVID-19 – Q & A Specific to Staffing fromSeyfarth Shaw LLP about client and candidate procedures and communications
Model Practices to Keep Workers Safe
OSHA Guidance on Preparing Workplaces for COVID-19
COVID-19 - Adjusting Drug Testing Protocols
EEOC Guidance: What You Should Know about the ADA, the Rehabilitation Act, and COVID-19
Department of Labor Guidance: Families First Coronavirus Response Act
(Note: DOL continues to update these implementation regulations without notice)
CDC Interim Guidance for Businesses and Employers to Plan and Respond to COVID-19
COVID-19 Information and Resources for Staffing Companies - American Staffing Association
Sample Letter to Employer Clients – American Staffing Association
Sample Letter to Employees – American Staffing Association
Businesses and nonprofits of any size can defer payment of the employer portion (6.2%) of 2020 Social Security payroll taxes, with the exception of entities that receive loan forgiveness under the Paycheck Protection Program. Half of employers' 2020 Social Security payroll taxes is due on December 31, 2021, and half is due on December 31, 2022.
IRS FAQs: Deferral of employment tax deposits and payments through December 31, 2020
Employee Retention Tax Credits
The CARES Act enacted last March authorizes refundable payroll tax credits for nonprofits and for-profit businesses that lost revenue, furloughed staff or were otherwise impacted by COVID-19. These Employee Retention credits are currently not available to entities that received a PPP loan, but proposed federal legislation to expand and increase the credits is expected to pass in the near future (as of August 24). Contact Rebekah Nuss at Synergi Parnters for a no-obligation consultation to evaluate your eligibility for this credit. Should you then engage them to process this credit, Synergi charges a 12% contingency fee of the final credit amount delivered.
Synergi Partners Fact Sheet - Employee Retention Tax Credits
Businesses and nonprofits with 500 or fewer employees, or staffing businesses with less than $30 million in annual revenues can apply for Paycheck Protection Program (PPP) loans through the Small Business Administration (SBA).
In its PPP FAQs dated April 8, 2020, SBA clarified that a business can qualify if it meets the SBA employee-based or revenue-based size standard corresponding to its primary industry. For temporary help services businesses (NAICS #561320), the annual revenue limit is $30 million. Businesses using the 500 or less employee-based standard should include full-time, part-time and temporary employees, and calculate an average based on each of the pay periods for the 12 preceding calendar months.
Businesses and nonprofits with 500 or fewer employees can also apply for Economic Injury Disaster Loans (EIDLs) through SBA.
Paycheck Protection Program
PPP loans enable qualifying businesses and nonprofits to borrow up to $10 million from an SBA-approved lender, with federal guarantees for 2.5 times the organization's average monthly payroll. Approved borrowers that sustain full-time employment levels over the course of the COVID-19 crisis can receive forgiveness of loan principal equal to the first eight weeks of salary, wages, rent, and other eligible operating expenses. In the event of layoffs, loan forgiveness will be reduced by the percentage decrease in the number of employees.
PPP Loan Application
PPP Loan Forgiveness Application (revised 6-16-20)
PPP Loan Forgiveness FAQs (issued 8-4-20)
Economic Injury Disaster Loans
Entities with 500 or fewer employees may apply to borrow up to $2 million. The loans are low-interest - 3.75% for small businesses and 2.75% for nonprofits - and offer long-term repayment terms, up to 30 years.
COVID-19 EIDL Application