Payroll

3 Benefits of Working With a Third-Party Provider for Payroll

For growing companies, payroll services are among the most stressful HR responsibilities. As the source of your employees’ livelihood, payroll must be inputted accurately, but the time-consuming process can eat into other tasks necessary for a business to run successfully. Third-party providers for payroll offer a convenient and cost-effective solution. Here’s how their experts can […]

The Payroll Tax Deferral Explained

What Happened? On August 9, 2020, President Donald Trump issued a handful of executive orders (or memorandums) in an attempt to revive the U.S. economy. One of those executive orders pertains to a “payroll tax deferral”, which provides vital funding for Medicare and Social Security. This has left many people confused, including countless business owners […]

The PPP Was Extended: Expert Advice On Why You Should Apply

The Paycheck Protection Program (PPP) recently received an extension bill July 4th, offering business owners and self-employed individuals an additional 5 weeks to apply for a PPP forgivable loan (ending August 8th). Roughly 5 million businesses have already received funding; however, there are a large number of people who have still not applied. To date, […]

The Ultimate Guide to PPP for the Self-Employed

As the PPP deadline of June 30th looms less than a week away, we felt it was important to provide some context for the self-employed individuals looking to take advantage of the nearly $120B still remaining.  Background: the Paycheck Protection Program (PPP) is a $660 billion dollar loan program. It was implemented by Congress specifically […]

How to Complete the EIDL Application as an Independent Contractor

The SBA announced yesterday, June 15th, that it was reopening the Economic Injury Disaster Loan (EIDL), for both the grant and loan portions. If you are an independent contractor (1099), freelancer, or gig worker, that means that you will be eligible for a $1,000 grant, aka, FREE MONEY – IT DOES NOT HAVE TO BE […]

FFCRA and Family Leave Act signed into law

Last night, President Trump signed the Families First Coronavirus Response Act into legislation. The Act will require certain employers with under 500 employees to provide emergency paid sick leave for their employees. Our team has gone through this new legislation, and our general findings are below. It is important to note that this is not […]

#COVID-19 updates

When it comes to the coronavirus and proposed payroll tax cut changes, #southernpayroll&benefits wanted to be sure to update our clients and partners.  We realize that in many instances, this outbreak has had a negative impact on your business or personal lives, and we are here to help in whichever manner we are able. First […]

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