Knowing Your Payroll Responsibilities During The Pandemic

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Knowing Your Payroll Responsibilities During The
Pandemic
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• More and more businesses are being forced to
  close temporarily, or have their employees work
  from home due to the current health crisis. There
  are fraudulent scams and phishing emails to watch
  out for, not to mention employee uncertainty and
  having to strictly adhere to the FLSA (Fair Labor
  Standards Act). The Families First Coronavirus
  Response Act has also been introduced on March
  18th, and all these things combined have created
  a lot of pressure on payroll departments all over
  the country.
• The FLSA and what payroll need to know
• If you have a payroll department, theyll need to
  understand exactly what the FLSA is saying about
  payments for employees when faced with such
  issues as partial workweeks,

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• workers with no paid time off available or left,
  and expenses incurred for home office supplies.
• If you arent already outsourcing your payroll,
  perhaps this might be a good time to consider
  doing so. When you outsource payroll, youre
  giving yourself and your company access to a
  group of professionals who understand payroll
  from every angle, and who keep themselves abreast
  of all changes to relevant laws, not to mention
  being able to give you the best advice during
  these difficult and unprecedented times.

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• Understanding the Families First Coronavirus
  Response Act
• It was on March 18th that the Senate passed this
  act and it was signed into law by the president.
  Containing provisions that will have a
  significant impact upon small business and
  employers with less than 500 staff, its
  important to know whether this applies to you and
  your company. If it does, then any obligations
  youre required to meet have now come into effect
  and will expire automatically on the 31st
  December 2020. If this Act is applicable to you,
  you should have posted a notice for your
  employees informing them of their rights under
  this law by now.

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• As mentioned previously, if you dont already
  outsource your payroll requirements, now might be
  the time to do so as they can help you with any
  issues you might have related to the above act,
  or any other recent changes to the law regarding
  the payment of your employees.
• Other payroll responsibilities during Covid-19
• There are several other responsibilities that as
  a business owner or manager, youll need to
  ensure you understand and comply with, such as
• The duration and amount of pay as determined by
  the box each employee checks

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• Keeping your employees informed if your payroll
  team understand the new laws, that doesnt mean
  that your employees do, but its important that
  they are kept informed of their rights and any
  changes to laws that might apply to them.
• Expenses incurred for those employees working
  from home
• Its vital that for the success of your business,
  you not only understand all the new rules and
  regulations that have come into effect due to the
  pandemic, but that you adhere to them.
  Outsourcing payroll is perhaps the best way of
  ensuring that you remain compliant at all times,
  and that when restrictions are reduced, your
  business can bounce back and become healthy again.

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• At Heyer Associates, we proactively assist our
  individual and small business clients in meeting
  their goals. Our key area of focus is ensuring
  that our clients remain compliant with federal
  and state tax laws by providing them with high
  quality accounting and tax service Coral Gables.
  If you are looking for individual tax preparation
  in Miami, Heyer Associates would be a right
  option.