- health insurance provider
- lending institutions
The below is intended for informational purposes only, and shall not be construed as legal advice or the legal opinion of Jerry L. Broekhuis CPA, LLC.
**IMPORTANT** Prior to laying off employees, contact your health insurance provider to understand the provisions of your policy and the impact temporary layoffs will have on covered employees.
1) Online (Preferred.The best time to apply is during non-peak hours 8:00 PM – 8:00 AM)
2) Call 1-866-500-0017
Michigan Unemployment Insurance Tax — currently, still due April 25th
Families First Corona Virus Response Act
Applies to businesses with fewer than 500 employees. There is an exemption for employers with less than 50 employees that can prove compliance to the FFCRA would jeopardize the viability of the business. NOTE: This is not an automatic exemption. The burden of proof is on you as the employer. You will need to document and
- Two weeks (up to 80 hours) of paid sick leave at the employee’s regular rate of pay where the employee is unable to work because the employee is quarantined (pursuant to Federal, State, or local government order or advice of a health care provider), and/or experiencing COVID-19 symptoms and seeking a medical diagnosis; or
- Two weeks (up to 80 hours) of paid sick leave at two-thirds the employee’s regular rate of pay because the employee is unable to work because of a bona fide need to care for an individual subject to quarantine (pursuant to Federal, State, or local government order or advice of a health care provider), or to care for a child (under 18 years of age) whose school or child care provider is closed or unavailable for reasons related to COVID-19, and/or the employee is experiencing a substantially similar condition as specified by the Secretary of Health and Human Services, in consultation with the Secretaries of the Treasury and Labor; and
- Up to an additional 10 weeks of paid expanded family and medical leave at two-thirds the employee’s regular rate of pay where an employee, who has been employed for at least 30 calendar days, is unable to work due to a bona fide need for leave to care for a child whose school or child care provider is closed or unavailable for reasons related to COVID-19.
The CARES Act passed the Senate and House of Representatives. The Act has some of the following highlights (taken from The Tax Adviser)
- Payroll Tax Credit Refunds – advanced refunding from FFCRA.
- Employee Retention Credit for employers that close to due COVID-19
- Payroll Tax Delay: Delays payment of 50% of 2020 employer payroll taxes until 12/31/21 and 50% due 12/31/22