Employee Tracker Video, Sheet and Walkthrough (updated on 5/5/2020)

We’ve prepared an employee tracking spreadsheet. The goal of this spreadsheet is business owners to track their employee’s employment status. By doing this, it will help communicate with your insurance company to keep your cost down if any incidents or changes of employment status happen during the COVID-19 pandemic. See below for the video walking through the sheet.

Download Worksheet Here

In an effort to support our small business clients and their employees during these uncertain times, we’ve compiled some resources to help you navigate this uncharted territory.

Continue reading to learn more about the latest legislation and benefits you can take advantage of.

We’ll be updating this page periodically as we receive new information that we think would be beneficial for business owners.

We suggest saving this link to your favorites and checking back daily. We’ll also be sending updates via email and social media posts.

Also, feel free to contact us with any questions or concerns. We’re here to help!

CARES Act – Small Business Loans

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law to provide small businesses with emergency loans to stay afloat.

The government has set aside $350 billion for this Paycheck Protection program, which is designed to help keep your employees on payroll.

You can learn more about provisions, eligibility and application instructions by clicking here.

More information can be found here:

Employee Retention Tax Credits

Employers whose business has been financially impacted by COVID-19 might be eligible for an employee retention tax credit.

It’s a fully refundable tax credit equal to 50% of up to $10,000 in wages paid by an eligible employer.

To find out if your business qualifies, how the credit is calculated or how to receive your credit, follow this link.

IRS FAQs: FFCRA Tax Credits

The IRS has issued answers to frequently asked questions about how the Families First Coronavirus Response Act (the FFCRA) tax credits apply to small and midsize businesses.

Signed by the President on March 18, 2020, the FFCRA provides refundable tax credits to small and midsize employers that reimburse them for the cost of providing paid sick and family leave wages to employees for leave related to COVID-19.

Here’s more information on the tax credits provided, how you can claim credits, when you can expect to receive them and who qualifies.

Risk Insights: Force Majeure & Coronavirus

Have you heard of “force majeure”? It’s French for “superior force”. Why is this important for you?

Force majeure describes such uncontrollable events that are not the fault of either party and that make it extremely difficult, or impossible, to carry out normal business.

These clauses allow for a suspension or cancellation of a company’s performance of obligations under the contract due to these uncontrollable events. Factors to consider include the language in your contracts, jurisdiction and facts of the case.

Read more about how it works and how it applies to your business here.

National Coronavirus Guidelines for Americans

Here are some helpful tips to stop the spread of Coronavirus. Simply put, stay home if you don’t need to leave!