Learn more about our COVID-19 Solutions.
The novel coronavirus (COVID-19) has created the need for products that can help you track various credits and deferral savings.
The Families First Coronavirus Response Act (FFCRA) was signed on March 18, 2020, and went into effect on April 1, 2020. The act provides paid sick and child care leave to employees who cannot work and allows their employers to claim those leave payments as tax credits. The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020. This act provides a range of benefits to assist employers during these challenging times, including the 50% employee retention credit, the deferral of the payment of employer social security tax, and the Paycheck Protection Program (PPP) administered by the SBA.
We have three goals as it relates to these new laws:
| Help you understand the laws,
| Help you benefit from the provisions, and
| Most importantly, provide you with software that can help you with compliant tracking and reporting!
Our COVID-19 Product Suite is available for free in 2021 to clients who use our payroll product!
The COVID-19 Analytics Dashboard provides an overview of the Families First Coronavirus Response Act (FFCRA) and CARES Act tax credits displayed in real-time.
This report gives you the employee-level payroll costs for your covered period that are eligible for forgiveness. It’s used to complete Table 1 and Table 2 of the PPP Schedule A Worksheet.
This report allows you to see which available tax credits were not applied against your payroll tax deposits so you can populate and fax Form 7200 to the IRS.
There is no better way to learn than to hear directly from the experts when it comes to the latest in changes in COVID-19 compliance laws.
As we all work to navigate through this difficult time, Viventium has compiled the important provisions that your company may be eligible for into one easy-to-read document.
The New Form 941: Understanding the COVID-19 Changes to Your Quarterly Return