Human Resources

Payroll Tax Holiday Starts Today: Here’s What it Means for Employers

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Human resources expert comments on President Trump’s newly implemented tax break 

Tax DeferralStarting today (Sept. 1), employers now have the option to stop withholding payroll taxes for their staff. The Treasury Department announced the option last week, detailing the new guidelines in a statement that offers a temporary deferral of the payroll taxes which employees pay into Social Security.

“Employers can opt to stop withholding payroll tax, provided an employee makes less than $4,000 on a biweekly pay period,” says Rob Wilson, President of Employco USA and human resources expert. “But this is only a deferral. Workers will need to repay the taxes by April 2021.”

Generally, employees and employers each pay 6.2% tax into Social Security, for a total amount of 12.4% per employee. However, under Pres. Trump’s new deferral, employers will have the option of not collecting the employee’s share. As a result, workers could see a bump in their paycheck – but next year, they will have to pay that money back or face financial penalties.

Wilson, who is the president of a national employment solutions firm, says that this will spell a major human resources headache for employers.

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New Survey: More Layoffs Coming Soon as Mental Health in the Workplace Plummets

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Employment expert discusses new findings which show a bleak economic future and increasing despair among employees

COVID-19 SurveyMental health in the workplace has never been so tenuous. New research shows that both employers and employees are under extreme strain due to the coronavirus pandemic.

A recent survey performed by Employco USA found that many employers have a very bleak outlook for their economic future. 85% of employers don’t have a strong outlook on the economic conditions in the U.S. over the next 6 months, and over half of employers say that they are anticipating the need for more layoffs and furloughs in the next 6 months.

“According to our survey, we are seeing that the worst is far from over,” says Rob Wilson, President of Employco USA, an employment solutions firm with locations across the country. “Although many areas of the country are slowly opening up, it’s not going to be enough to help businesses make it to 2021 without laying off more employees.”

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Injured While Teleworking: Are Employers Liable?

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Human resources expert weighs in on employers’ OSHA responsibilities for WFH employees 

TeleworkingWith coronavirus cases spiking across the country, many employers have slowed down or stopped their plans to have employees return to the office. As millions of Americans are now working from home, it’s important for employers to consider their OSHA responsibilities for telecommuting workers.

“Telecommuting injuries are still a bit of a gray area, but you may be held responsible for injuries your employees incur at home if they are performing company duties at the time of the injury, or if they can otherwise prove that their work led to their injury,” says Rob Wilson, President of Employco USA, an employment solutions firm with locations across the country.

Wilson says that OSHA used to take a firmer stance on work-at-home accidents and injuries, but in recent years they have revised their policies to say that an employer is not liable for the condition of an employee’s home office. However, Wilson notes that there have been cases where employers have been responsible for injuries that occurred while an employee was engaged in company business at home.

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How Not to Layoff Employees During a Pandemic

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Chevron criticized for press release touting improved diversity post-layoffs

COVID-19The COVID-19 pandemic has led to massive layoffs across the country. But some people are questioning whether or not these layoffs are being performed in an equitable and legal fashion.

For example, oil magnate Chevron just made headlines due to their press release which said that their mass layoffs will lead to more diversity, as white males lost positions, giving women and minorities the opportunity to claim those leadership roles.

The press release has been criticized and sparked a larger conversation about how employers should handle the layoff process.

“Layoffs and furloughs are really unavoidable right now,” says Rob Wilson, President of Employco USA and employment trends expert. “Especially for those in the travel, hospitality, and event management fields. But that doesn’t mean employers don’t have to be very, very careful when it comes to how they put these layoffs into action.”

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Don’t Celebrate Yet: Here is Why the Latest Jobs Report is Misleading

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Employment expert says latest numbers are a false positive

Jobs ReportLast Thursday the Labor of Department released new figures showing that the United States gained 4.8 million new jobs in June. In addition, the unemployment rate hovered at 11.1%, lower than the predicted 12.4% rate. President Trump heralded the numbers as proof that the economy is “roaring back” after months of economic destruction caused by the COVID-19 pandemic.

“The latest job report seems like a major cause for celebration,” says Rob Wilson, President of Employco USA, a national employment solutions firm with locations across the county. “However, those of us within the employment industry are not celebrating just yet.”

Wilson, an employment expert who has helped hundreds of clients navigate the impact of coronavirus on the workplace, says “These new hire numbers are a false positive. At Employco, over 200 of our clients received PPP. Many then slowly rehired formerly laid-off employees in May and June.”

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COVID-19 in the Workplace: What Employers Need to Know about PPPFA

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Employment expert Rob Wilson shares top tips for leveraging Paycheck Protection Program

COVID-19As the coronavirus pandemic continues to wreak havoc on the national economy, the Paycheck Protection Program Flexibility Act (PPPFA) provides employers with updated options for managing their loans. However, it’s important to know the best way to leverage these options and protect your company during this time of upheaval.

“Under changes to the PPPFA signed on June 5, employers will now be eligible for loan forgiveness equal to the amount the borrower spent on rent, utilities, and mortgages during the 8-week or 24-week covered period or alternative covered period,” says Rob Wilson, President of Employco USA and human resources expert. “Up to 40% of payroll costs can also be covered under these loan terms.”

What is considered a covered payroll cost under the guidelines of the PPPFA?

“Payroll costs can include salary, wages, commissions, or similar compensation, sick leave or medical leave, group insurance, retirement benefits, and cash tips among other possibilities,” says Wilson. “But there are a few exceptions like compensation of an employee whose residence is out the United States.”

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WEBINAR: PPP Update Following the Flexibility Act and Revised Forgiveness Applications

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Webinar 06/26/2020

Join Employco USA to learn about the LATEST UPDATES to the Paycheck Protection Program (PPP) following the enactment of the Flexibility Act and revised forgiveness applications.

During this FREE webinar, we’ll:

  • Summarize the updated regulations and instructions released on June 5th and June 17th
  • Learn the differences available between the 8-week and 24-week forgiveness periods
  • Discuss the new options to setup your measurement period for payroll and non-payroll costs
  • Review the new EZ Forgiveness application
  • Examine the new wage limits if the 24-week option is selected
  • Provide details on how to calculate a FT vs FTE employee
  • Discuss tips to maximize the forgiveness, and talk about the rules for the portion of the loan that is not forgiven
  • Review how the forgiveness evaluation limits owners’ compensation

You’ll also be able to get some clarity on human resource issues including unemployment and payroll. Employco provides HR and payroll solutions to businesses across the country.

There will be a brief presentation to begin the session, but most of the time will be dedicated to answering your specific questions!

FREE REGISTRATION
You’ll be able to join us at 11:00am CT on Friday, June 26th from your computer, tablet, or smartphone (you can also dial-in):

REGISTER HERE

You can also use our registration form to submit questions you’d like to see answered/covered during the webinar.

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