Integrity Small Business Services and Coronavirus (COVID-19)
Despite everything going on in the world in regards to COVID-19, Integrity Small Business Services (including Integrity Payroll Services and Integrity Accounting Solutions) is still committed to being the expert solution for your small business needs.
Below are some of the changes that may be impacting your business. Call us today to get more information on anything here or on anything you're hearing/reading about in the news!
If your business is shut down or partially shut down, your employees are probably eligible for unemployment. There is a special seeking Work Waiver that needs to be filed properly for both you and your employees. Click below to find out more - you'll be linked to our Payroll webpage with more information.
What about Self-Employed Contractors, Freelancers, and other Small Business Owners that are not normally eligible for unemployment? You can now apply for unemployment on the State of Michigan's website. For more information on how to apply, visit our Payroll webpage above.
Employers with fewer than 500 employees must immediately make available 80 hours of paid sick leave for full-time employees (or the equivalent of the average number of hours over two weeks for part time employees) if Employee is unable to work (or unable to telework) due to a need for leave because the employee:
is subject to a Federal, State, or local quarantine or isolation order related to COVID-19 (Michigan’s current Executive Order is not a quarantine or isolation);
has been advised by a health care provider to self-quarantine related to COVID-19;
is experiencing COVID-19 symptoms and is seeking a medical diagnosis;
is caring for an individual subject to an order described in (1) or self-quarantine as described in (2);
is caring for a child whose school or place of care is closed (or child care provider is unavailable) for reasons related to COVID-19; or
is experiencing any other substantially-similar condition specified by the Secretary of Health and Human Services, in consultation with the Secretaries of Labor and Treasury.
Employers have 30 days to comply.
Small businesses with fewer than 50 workers may opt out if the sick leave payments “would jeopardize the viability of the business as a going concern” (would be a hardship on the business).
If we are your Payroll Provider, we will file this credit for you. We encourage you to keep good records as employees fall under these circumstances. Doctor notes are encouraged.
This credit is also available to Self-Employed Individuals. Currently, this credit is set to be filed with your 2020 tax return. So take advantage now; this may be able to lower your estimated payments - pay yourself instead of the IRS.
Loans previously available to Businesses have been
suspended as the loan funding is currently exhausted.
Loans that were available (and MAY come back if more government funding is made available) are listed below.
Economic Injury Disaster Loan & Loan Advance.
To check funding status on these loans: https://covid19relief.sba.gov/#/
Paycheck Protection Program
To check funding status on this loan:
To find local resources, click here:
Find out what's going on in the Tax World:
Click the image to go to www.integritytaxgroup.com/coronavirus
Find out what's going on in the Payroll World:
Click the image to go to www.integritypayhub.com/coronavirus