Inflection HR has taken measures to ensure business continuity for ourselves and our clients during this COVID-19 pandemic. We are sharing our resources with every business who needs it, as coming together is the best way to face the current situation.
We highly recommend that employers to take advantage of direct deposit, and any other electronic measures. If you are a client who is looking to set up direct deposit for your employees, reach out to your Client Service Representative.
If your workforce has been effected by the FFCRA leave, give us a call today. Inflection HR can help set up your new earning codes for your payroll to ensure compliance.
The following forms are what you need to either defer employer payroll tax under the CARES Act or gain tax credits for FFCRA.
This form is for companies that want to receive a credit back from the government immediately rather than wait for Quarter End and have already reduced their FFCRA credits down to zero.
If you'd like to Defer Employer Tax Payments to manage cash flow better as allowed under the CARES Act Sec 2302, contact us to get started.
For the most up-to-date and detailed information on the Families First Coronavirus Response Act regulations, we urge you to read the DOL’s continuously developing Families First Coronavirus Response Act: Questions and Answers
April 15 – The IRS made clarifications to the employment tax deferral under the CARES Act for businesses looking to take advantage of the PPP Loan.
April 15 – The IRS created an FAQ for the Employee Retention Credit under the CARES Act.
April 10 - Inflection HR releases their guide on the Payroll Protection Program.
April 3 – IRS added a note to the Form 941 for Employee Retention Credit.
March 30 - Inflection HR releases the checklist and guide for Coronavirus Emergency Loans.
March 25 – The DOL released the model posters that are required to be posted or distributed by employers with fewer than 500 employees under the FFCRA regulations.
April 15 – The IRS made clarifications to the employment tax deferral under the CARES Act. This is for businesses looking to take advantage of the PPP Loan. READ MORE
April 15 – The IRS created an FAQ for the Employee Retention Credit. READ MORE
April 10 – There is now a User Guide available for electing the Employer FICA Deferral under the CARES ACT READ MORE
March 29 – Forbes put together a summary of the CARES Act. READ MORE
March 28 – You can read the Act in its entirety here. READ MORE
March 25 – The posters required for employers with less than 500 employees that can be found on the DOL website under the section labeled Posters READ MORE
March 18 – President Trump passes the Families First Coronavirus Response Act. READ MORE
March 17 – Forbes put together a summary of the bill READ MORE
For more information about the Families First Coronavirus Response Act, you can read the bill in its entirety here. READ MORE
April 1 - The IRS released Form 7200 and Instructions for Form 7200 for the Advanced Payment of Employers Credits for COVID-19.
March 20 – The IRS has temporarily closed all Taxpayer Assistance Centers and discontinued face-to-face service throughout the country until further notice. READ MORE
The IRS has put together a page focused on taxpayers and businesses as it relates to COVID-19. READ MORE
