As employees begin returning to the workplace from an extended period of home isolation, it is quite possible that we'll see a short-term bump in accidents and Workers' Compensation claims. It's going to take some time to restore old routines and form new ones in the offices, warehouses, and work spaces that have been quiet over the past few months. Mistakes are going to happen, and some of those mistakes are going to cause accidents that result in Workers' Compensation cases. How much time will you waste juggling all the different tools you use to manage those cases? With an integrated Human Capital Management solution like People Savvy HCM, the answer might be, "Not much."
With everything that has happened this year, does anyone else feel like we are in some strange time warp? Anyone know what month it is? Oh that is right, it's June. Crazy to think that we are halfway through 2020 already! So July is just next month, and it brings with it some important deadlines and potential changes for payroll and accounting departments. Here are some critical dates in July that you don't want to lose track of.
Many counties are working through the required phases to get people back to work, and that leaves employers trying to figure out how to safely return to the new normal. Employee safety is generally a number one priority for employers. As businesses face post-COVID-19 reopening, following are some key factors to consider:
Join us for our Bennett/Porter IT and Hosted Services free webinar series! We’ll focus on services and features that will enhance your work productivity, prepare you for the unexpected, and ensure your data is protected. With many employees working remote, businesses have had to change the way important company data is managed. This series will cover common scenarios and what you can do to ensure every base is covered.
On May 16, 2019, House Bill 3427 was signed into law creating the Corporate Activity Tax (CAT). This new tax doesn’t replace the corporate income tax. It is in addition to that longstanding tax. The CAT became effective January 1, 2020, and it applies to all types of businesses with Oregon commercial activity that generate revenue in excess of $1 million (although businesses with $750,000+ in revenue are required to register with the Department of Revenue). Very few businesses are exempt from the CAT (e.g. nonprofit organizations, farmers, school districts, hospitals, long-term care facilities). This gross receipts tax is expected to raise at least $1 billion in annual revenues, intended to fund state investments in education.
** This article was originally sent to our Bennett/Porter clients via email on 4/17/2020 **
It's Friday, and the end of another fast-changing week for businesses and their employees. To help you keep up with and respond to events that impact your business, we've put together some helpful notes and notifications.
CAT Tax Webinar
Figuring out how much you owe to the State of Oregon for the new Corporate Activity Tax is not straightforward. And every company who has revenue of more than $1,000,000 per year is required to make estimated tax payments for the new tax that Governor Brown mandated last summer.
More help brings more questions and new confusion. On March 27, 2020, Congress passed a second round of economic stimulus in response to the COVID-19 pandemic: the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Some of the relief elements contained within this latest act include:
- Paycheck Protection Program Loans
- Additional Unemployment Benefits
- Student Loan Payments Suspension
- Funding for Hospitals, Airlines/Airports, and Food Assistance Programs
- Government Checks to Individuals
- Small Business Debt Relief
- Economic Injury Disaster Loans & Emergency Economic Injury Grants
Here is a closer look at some key aspects.
** This article was originally sent to our Bennett/Porter clients via email on 4/9/2020 **
There has been no shortage of information in the last couple of weeks regarding COVID-19 and the Federal mandate about paying employees who are sick with the virus, have been ordered to stay home to self-quarantine, or have a family member who is affected by the virus and who the employee must take care of. Despite all of the information, there are still many outstanding questions employers are encountering as they administer the processes around this mandate.
** This article was sent to all of our Bennett/Porter clients via email on 4/3/2020 **
As an employer, there is so much information to try to review and absorb right now in regards to the administration of the new regulations around COVID-19. We hope you are looking to us to be your trusted advisor as we continue to provide comprehensive and easy to understand Payroll and HR guidance during this challenging time.The most common questions we are getting right now are around the obligations to offer Emergency Sick Leave and Emergency Family and Medical Leave (FFCRA) benefits and how to claim the credits for paying those benefits. Following is a summary:
Well, actually we’re working remotely for the safety of our employees and families. But we’re also concerned about you, our customer, and we want you to know that we are here and ready to support you. So how are things going? How can we help? Let us know what you need.
Our team is ready to assist with your company’s accounting software, information technology systems, and human resources software needs. If you require assistance setting up your employees to work from home with as little interruption to business as possible, give us a call at (503) 620-3484, or send us your support requests at firstname.lastname@example.org.
Topics: Customer Success