Ascentis has assembled a set of resources to help businesses better understand the legislative updates during the COVID-19 outbreak. We vow to do our best to help you stay informed, provide you and your employees with the resources you need, and continue supporting each other where we need it most.
Legislative Update Webinars
Legislative Update Blog Posts
AICPA-Led Coalition Support for Small Business Funding
Ascentis is proud to partner with a coalition of industry leaders, led by the AICPA, advocating for support and solutions for small business funding as a result of COVID-19 and its economic impacts. The coalition will continue to provide guidance and insight to help small businesses and will get information into your hands as quickly as possible. Here’s some of the latest info from the coalition:
PPP Payroll Calculators for Loan Application (see bottom of page)
Paycheck Protection Program Loans: Frequently Asked Questions (as of April 7, 2020)
Other Helpful Articles
IRS Guidance: Treasury, IRS and Labor announce plan to implement Coronavirus-related paid leave for workers and tax credits for small and midsize businesses to swiftly recover the cost of providing Coronavirus-related leave
How Ascentis Can Help
Ascentis supports its clients with three main parts of the Families First Coronavirus Response Act (FFCRA):
1. Paid sick leave: Ascentis provides you the ability to customize pay codes so that your organization can track the different types of leave that is associated with COVID-19.
2. FMLA: Our products currently support the ability to create the expanded FMLA benefits associated with COVID-19 cases.
3. Employer Payroll Tax Credits: We have been in contact with our partners and the IRS with regard to these changes. At this time we are awaiting regulations from the IRS on how to implement the law. Ascentis payroll will then diligently work on developing a solution for our payroll clients that will address the changes related to the employer payroll tax credits associated with these new leave types.
If you would like to learn more about how Ascentis can help your organization, contact us today to learn more.