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They share any information that’s available concerning our business or things that might affect our business. And I think they also are very effective in helping you understand why you need to look at things differently if you’re not looking at them the right way.
- Tanya Henry, Executive Director, Milwaukee Careers Cooperative

 

We are constantly on the alert for all the latest industry news, legislative updates, trends and more that could possibly impact your staffing business. Our president and CEO, Julie Ann Bittner, also shares her insights on the staffing industry in her message (link below). And when we don’t see information about a topic we feel is critical for you to know, we create it ourselves to share in our monthly email.

Press Room

New information, clarifications, and updates continue to be released regarding COVID-19 relief programs, and specifically for the CARES Act, PPP Loans, and Families First Coronavirus Response Act.

Following is an overview of some of the most important updates and reminders for staffing company owners, including expenses that are forgivable under a PPP loan.

Important Updates & Reminders:

As of May 14, 2020 the US Treasury and SBA have not released the Interim Final Guidance on the PPP Loan Forgiveness. This is what we do know as of today:

Updates

April 24, 2020: An additional $310 billion in funding added to PPP.

April 15, 2020: Update to Deferral of Employer Social Security Taxes (CARES Sec. 2302)


Employers who have received a PPP loan, but whose loan has not yet been forgiven, may defer deposit and payment of the employer's share of social security tax that otherwise would be required to be made beginning on March 27, 2020 through the date the lender issues a decision to forgive the loan in accordance with paragraph (g) of section 1106 of the CARES Act.


Part of the sweeping COVID-19 relief legislation passed by Congress includes the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). This act provides more than $2 trillion in relief packages for both companies and families affected by COVID-19 pandemic. Below are a few highlighted provisions for the staffing industry:

The U.S. Department of Labor issued its first round of guidance on the provisions of FFCRA last week. Although many questions remain to be answered, here's what we know so far:

• FFCRA went into effect on April 1, 2020

• The paid leave provisions apply only to business that, at the time an employee's leave is taken, have fewer than 500 full-time and part-time employees, including temporary employees.

**ASA will propose that firms who have fluctuating headcounts be permitted to use a fixed prior period for making the determination. For example, its average weekly headcount in the immediately preceding calendar year**

• Temporary employees who are jointly employed by a staffing firm and its client must be counted by both employers in determining their respective size for purpose of FFCRA. The Family and Medical Leave Act typically views staffing firms and clients as joint employers. Further guidance is needed to determine precisely how temporary employees will be counted.

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