Payroll-Related Relief

Due to the SARS-CoV-2 virus (COVID-19), Washington recently enacted legislation providing various relief measures. In this second episode of a three-part, COVID-19 Response Series, guest Ryan Peterson and host Damien Martin discuss the payroll-related provisions provided under this new relief. They cover items of common confusion, identify areas needing additional guidance, and explain what these newly enacted provisions may mean for you and your business. You'll also hear from Yelena Bosovik and Julia Dengel on the expansion of emergency family and medical leave and employer tax credits. Here’s what’s covered:

• Payroll-specific relief under the Families First Coronavirus Relief Act (FFCRA) @ 2:39
• FAQ on the specifics of the relief provided under the FFCRA @ 6:46
• Employee retention credit under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) @ 15:03 
• A few things should be doing now @ 20:44
• Common misconceptions @ 24:49 
• Delay of payment of employer payroll and self-employment taxes @ 27:48 
• Ryan’s recommended approach to the relief provisions @ 29:50 
• Closing thoughts @ 31:17 

For episode one in this three-part, COVID-19 Series, see Responding to the Unexpected.

For epsiode three in this three-part, COVID-19 Series, see SBA Loans After CARES Act.