IRS Form 1099-NEC Is Back
This summer, the IRS made a change to 1099 miscellaneous income reporting for 2020, reactivating Form 1099-NEC while retaining 1099-MISC. Employers who pay independent contractors $600 or more in 2020 will associate wages with one [...]
DOL Guidance for Tracking Remote Employees Hours
To guide an increasing number of employers transitioning to remote or telework due to the COVID-19 pandemic, the U.S Department of Labor's Wage and Hour Division issued Field Assistance Bulletin No. 2020-5 on Aug. 24, [...]
Employee Payroll Tax Deferral
On Saturday, August 8, 2020, the president signed a memorandum directing the secretary of the treasury to defer withholding, deposit, and payment of employee Social Security payroll tax obligations for certain wages or compensation paid [...]
CDC Guidance for Reopening Offices
The Centers for Disease Control and Prevention (CDC) issued two recent guidelines to better prepare employers for reopening offices during COVID-19. The CDC suggests reviewing their detailed interim guidance as the first set of guidelines, [...]
Catastrophic Cash Flow Strain Act Provides Relief for Nonprofits
On August 3, 2020, President Donald Trump signed into law the Protecting Nonprofits from Catastrophic Cash Flow Strain Act of 2020. The bill eases cash flow challenges by granting nonprofits a reprieve from unemployment tax [...]
Tennessee Enacts Pregnant Workers Fairness Act
After years of work by women's rights advocates, the state of Tennessee provided stronger legal protections for pregnant women by enacting the Tennessee Pregnant Workers Fairness Act (Senate Bill 2520). The law, which goes into [...]
IRS Issues Guidance on CARES Act Retirement Plan Withdrawals
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, enacted on March 27, 2020, provided economic assistance to Americans experiencing financial hardships from the COVID-19 outbreak. Among its stipulations, the CARES Act temporarily waived the [...]
State Minimum Wage Increases Taking Effect July 1, 2020
A handful of states across the country and some major cities will increase their minimum wage rates effective July 1, 2020. Below is a summary of the states and some cities that will be impacted [...]
Flexibility Act Modifies PPP Loan Terms for Borrowers
Congress passed the Paycheck Protection Program Flexibility Act of 2020, (“PPP Flexibility Act”) on June 5, 2020, to give employers more flexibility relating to the forgiveness of loans under the Paycheck Protection Program (“PPP”). Fundamental [...]
Workers’ Comp Pay-As-You-Go: Cash Relief for Employers During COVID-19
In most states, workers’ compensation insurance is required by law. This type of coverage protects your employees from the lost wages and medical costs of job-related accidents or illnesses, and protects your business from legal [...]
