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What Every Small & Mid-Sized Business Needs to Know in the Era of Coronavirus Webinar - Shared screen with speaker view
Joel Mendez
42:20
Please everybody mute your phone or computer mic.
Paola Suarez
43:23
You can mute all participants that are already in the meeting as well as new participants joining the meeting.Select Manage Participants.Select Mute All.You will be prompted to Allow participants to unmute themselves. Clicking Continue will mute all current and new participants.
Kirstin Rizk
44:00
Thank you Brett. Agreed
Kirstin Rizk
44:38
And Paola! Great instructions
seth
51:57
are there any changes for employers with less than 50 employees?
Betsy Uliss
52:49
Where do you get the summary of rights in a electronic format
pjannis
52:54
Do local governments qualify for the payroll tax credit to reimburse for keeping staff on the payroll?
Vivian Gonzalez
53:21
Are employees need only be employed 30 days to qualify for the FFCRA, am I correct in understanding this is the case?
Claudia
53:25
@Betsy - It's available now on the DOL site
Carly Mulliken
53:34
Who should we email for that template for tracking payments?
Claudia
54:11
@vivian - this would apply for the E-FMLA portion of the FFCRA
MelissaWhipple
54:17
Are furloughed employees eligible for the sick leave or extended FMLA?
Vivian Gonzalez
54:34
Thank you Claudia
MDaz ipad pro
54:41
dkobak@dbllp.com can be point person. we have many written protocols for all CARES benefits, tax credit worksheets, SBA.gov and SBA 7A loan info etc.
Jenny Peterson
55:03
https://www.help.senate.gov/imo/media/doc/CARES%20Section-by-Section%20FINAL.PDF
Claudia
56:08
https://www.dol.gov/sites/dolgov/files/WHD/posters/FFCRA_Poster_WH1422_Federal.pdf
Jenny Peterson
56:22
the link above is pdf of the details
gborchardt
56:39
Brett - Are there any changes for employers with less than 50 employees?
Hector.Ramos
56:39
let's say we are in a quarantine area and we qualify for FFRCA, does this event take precedent over say a staff that needs to take care a children?
Ed Duarte
57:27
https://www.dol.gov/agencies/whd/pandemic/ffcra-questions
Leo Gale
57:52
is this on the agenda? “Paycheck Protection Program”, part of the CARES ACT. Thank you
Roberto Rivas
01:00:47
Would it be considered legal in the current situation for employers to reduce the wages of an exempt employee?
stevenmelzer
01:00:49
For employees separated prior to 4/1, can we bring back some, but not all?
Brett Schneider
01:01:44
you could reduce exempt salaries as long as their salaries remain above the $35k threshold
Brett Schneider
01:02:00
you can bring someone back prior to 4/1 and have them eligible for benefits under FFCRA
stevenmelzer
01:02:22
Must be brought back by 4/1?
Brett Schneider
01:02:30
cold or flu would not qualify under #6 (unless a doctor believes they could have cover)
Brett Schneider
01:02:42
no they could be brought back after 4/1 and still receive benefit
Suchit
01:03:41
For employers less than 50, do we have to follow FFCRA?
Brett Schneider
01:04:15
under 50 yes unless you can get an exmeption from the DOL
Joel.Hoffman
01:04:34
Brett, can we reduce exempt employees salaries in a manner that is proportionate to a salary reduction? If so, do we likely need to keep these employees above the 30-hour threshold to retain medical insurance benefits?
Lora
01:05:05
What is being offered in the care act
Brett Schneider
01:05:49
yes to joel. and most carriers will allow you to keep your employees insured in the current crisis regardless of hours but you should check with your broker/carrier
Galaxy Note10+
01:05:58
if employee hours are cut, but they're still working, can they still get unemployment and the new $600 unemployment supplement
donnamarks
01:06:08
If management is paid via 1099 and/or guaranteed payments will that be eligible for the payroll reimbursement
Brett Schneider
01:06:31
unemployment is possible with significant pay reduction
Brett Schneider
01:06:46
If 1099, generally not eligible for unemployment but the employee could give it a shot
Carly Mulliken
01:07:52
@Brett Schneider. What if we don't have more than 50 employees, but still want to offer paid sick time, does that mean we aren't eligible for reimbursement? Thank you!
MDaz ipad pro
01:07:59
guaranteed payments to partners are subject to self employment taxes so they can try - equivalent to salary for an LLC or partnership structure
Galaxy Note10+
01:08:29
is cares loan same as sba 7a?
donnamarks
01:09:19
so guaranteed payments will be eligible for the small business loan that will convert to grant
dougforand
01:10:28
what exactly can these loans cover?
Erika Sirianos
01:11:01
There was an error in the first version of the poster released on 3/25. When is the new version expected to be out?
donnamarks
01:11:08
so guaranteed payments, in addition to payroll, will be eligible for the small business loans that will convert to grant?
Galaxy Note10+
01:11:33
if employee is furloughed is loan eligible for forgiveness
dgoldweitz
01:11:47
just employer side
controller
01:13:44
If furloughed prior to April 1 then none of this applies. Correct?
sslavik
01:13:46
Earlier regulations stated that the first 10 days of leave may be unpaid. I do not see this in the most recent revision. Assuming that this provision has been removed?
controller
01:15:32
the first 10 days are covered under Emergency Sick Leave
controller
01:17:04
If furloughed prior to April 1 then none of this applies. Correct?
controller
01:17:23
Brett?
sslavik
01:17:34
Does anyone have a template like Brett mentioned regarding EE having their physician certify their medical condition and reason for leave?
gborchardt
01:19:23
What if you already have an existing SBA 7a loan? How does that affect the ability to access a CARE loan for payroll and utilities? Also must lenders refinance an existing SBA 7a loan for a new emergency SBA loan that does not include a personal guarantee and has a lower rate and longer term?
dougforand
01:21:37
On CARES or SBA loans, if salaries over $100K not eligible, does that mean entire salary or just up to $100K?
donnamarks
01:21:58
Will payments to 1099 contractors and guaranteed payments be eligible for reimbursement under the CARE loan?
MDaz ipad pro
01:23:08
calculation of benefits includes “up to” $100k
iPad
01:23:13
My reading is that comp up to $100k (prorated) is eligible/covered
stevenmelzer
01:23:25
Brett, please repeat about benefits paid prior to 4/1 - severance pay before 4/1 not reimbursable??
bdunkiel
01:23:37
We are a healthcare company. Can you define who is classified and eligible for benefits under FFCRA and who are healthcare providers that are not eligible?
vcheung
01:23:48
we have few companies and each one has less than 500 employees, and each company files its own tax returns, but the companies are with the same owners. if adding all companies' number of employees, it would be more than 500. Are we qualified for this?
Paola Suarez
01:25:51
What is the portion of the health insurance expenses that will be reimbursed? Employee paid? Employer paid?
Erika Sirianos
01:26:25
I have an employee that has already taken 12 weeks of FMLA leave this year, are they eligible for an additional 12 weeks of FMLA leave to stay home their children?
Jaedon Harrow
01:26:30
Can a company apply for more than 1 SBA loan at one time and the bridge loan?
MDaz ipad pro
01:27:01
yes, however each loan would have to cover diff expenses. you can do the SBA.gov direct request and do the 7A through your bank.
Mark Rabinovich
01:28:36
How can we claim credits where we have a relationship with PEO?
Lisal
01:28:37
How about cutting the 401k match as the 1st action of cutting benefit?
Julie Hauser
01:28:54
What did he say about reducing those over $100K?
stevenmelzer
01:29:42
For employee over $100k, is there forgiveness up to 100K or that person is excluded?
iPad
01:29:58
There are implications to cutting/reducing 401k matches. The CARES Act doesn’t address that. There may be subsequent legislative relief, but nothing has been formally proposed, yet.
Mark Rabinovich
01:30:08
What rules do we use to determine if a company has less than 50 employees if it’s a member of a larger group of affiliates?
Melinda Earley
01:30:17
Please confirm that the loan forgiveness only applies to the SBA7A loan. Not the other type of SBA emergency loan
MDaz ipad pro
01:30:58
attribution will apply, Mark, for related party companies with common ownership.
sslavik
01:31:34
Many of my EEs are commissioned, wages vary each month. How do we accurately calculate paid sick leave for them?
Julie Hauser
01:32:23
Some under 50 EE's, employers are forcing employees to come to work that can work from home but they're denying it, yet the owners are. They are telling them if they do and don't come to office, they lose their job. Can they do this?
MDaz ipad pro
01:32:34
use “average” labor cost over TTM - last twelve months
gborchardt
01:32:43
What if you have a preexisting SBA 7a loan? How does that affect eligibility for a CARE or EIDL?
dougforand
01:34:28
From stevenmelzer to Everyone: (11:53 AM)
For employee over $100k, is there forgiveness up to 100K or that person is excluded?
Julie Hauser
01:34:47
Yes please the $100K clarification
Mercedes
01:34:56
will you be providing the recording of this session?
Lora
01:35:03
How do you apply for the care loan-online thru SBA or directly through your bank?
Carly Mulliken
01:36:29
Thank you, very helpful!
Julie Hauser
01:36:37
Very helpful
Caite Corripio
01:36:46
thank you!
Vivian Gonzalez
01:36:47
Thank you
Julie Hauser
01:36:47
Thank you!
sslavik
01:36:53
Thank you for your time.
Jaedon Harrow
01:36:57
Thank you!
monicaquarantotto
01:36:58
Thank you!
lana
01:37:01
Thank you!
MONICA
01:37:03
Thank you!
Mercedes
01:37:04
Thank you!
Vincent Megna
01:37:05
Great job today. Thank you
dougforand
01:37:05
thank you!
donnamarks
01:37:05
Thank you
Zaida Aparicio
01:37:16
thank you
Bill Pierce’s IPhone😊
01:37:16
thx!