COVID-19 Resource Center

The Latest from Resourcing Edge

Resources

PPP Loan Forgiveness Resources

 

Return to Work Guides & Resources

General Information

Families First Coronavirus Response Act

CARES Act – Payroll Assistance Plans and Eligibility Requirements

US Small Business Administration (SBA) Resources

State-Specific Legislature


Updates

May 11, 2020

Resourcing Edge knows the health and safety of your employees is a top priority. We understand states are relaxing the restrictions on the stay at home orders, and employers are considering the return of employees to their physical work locations. Resourcing Edge is here to help you navigate this process. We have developed a return to work guide to help with this transition. Included, you will find sample policies and informational documents, linked below.

Helpful Documents

 


April 3, 2020

The Paycheck Protection Program (PPP) is a cornerstone provision of the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was recently passed to provide relief to small businesses and their employees affected by the COVID-19 pandemic.
 
The PPP, administered by the Small Business Administration (SBA), is a lending program providing up to $349 billion total in forgivable loans to small businesses to pay their employees during this crisis. Loans will be forgiven as long as:
 
  • The loan proceeds are used to cover payroll costs, and most mortgage interest, rent, and utility costs over the 8-week period after the loan is made; and
  • Employee and compensation levels are maintained.
  • All loan terms will be the same for everyone that applies. Loans can be for up to two months of your average monthly payroll costs from the last year plus an additional 25% of that amount. That amount is subject to a $10 million cap.
 
These loans can be used on your:
 
  • Payroll costs, including benefits;
    • Salary, wages, commissions, or tips (capped at $100,000 on an annualized basis for each employee);
    • Employee benefits including costs for vacation, parental, family, medical, or sick leave; allowance for separation or dismissal; payments required for the provisions of group health care benefits including insurance premiums; and payment of any retirement benefit;
    • State and local taxes assessed on compensation; and
    • For a sole proprietor or independent contractor: wages, commissions, income, or net earnings from self-employment, capped at $100,000 on an annualized basis for each employee.
  • Interest on mortgage obligations, incurred before February 15, 2020;
  • Rent, under lease agreements in force before February 15, 2020; and
  • Utilities, for which service began before February 15, 2020.
 
Starting April 3, 2020, small businesses and sole proprietorships can apply for and receive loans to cover their payroll and other certain expenses through existing SBA lenders.
 
Starting April 10, 2020, independent contractors and self-employed individuals can apply for and receive loans to cover their payroll and other certain expenses through existing SBA lenders.
 
Other regulated lenders will be available to make these loans as soon as they are approved and enrolled in the program.
 
Visit www.sba.gov for a list of SBA lenders.
 
For more information, including a full summary and eligibility requirements of the PPP under the CARES Act, please review the links above.
 
If you have any further questions, please reach out to your Client Account Manager or Support Representative.

 
March 31, 2020
 

The President recently signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The Act addresses multiple ways for employers impacted by COVID-19 to seek federal support. Resourcing Edge believes it is important to note the services we provide to clients do not interfere with a client’s ability to qualify for a CARES Act loan, including the Paycheck Protection Program. We continue to be here for our clients to support you through this pandemic. To view the information, we have compiled about the Act, please review the helpful links above. We will continue to keep you informed on the Act through our resource center as more information is expected to come soon.

We ask that you contact your Client Account Manager to discuss any further questions you may have.


 
March 26, 2020

 

The Centers for Disease Control and Prevention (CDC) has updated its guidance to businesses and employers in relation to COVID-19. The changes include details about when employees should return to work after being out due to illness during the pandemic. The guidance now states that “[s]ick employees should follow CDC-recommended steps . . . [and] [e]mployees should not return to work until the criteria to discontinue home isolation are met, in consultation with healthcare providers and state and local health departments.”

Should you have any further questions, we ask that you please contact your Client Account Manager.


 
March 25, 2020

 

The Department of Labor (DOL) just issued new rules regarding the Families First Coronavirus Response Act (the Act). Among these rules, Resourcing Edge has a few updates to share with you now.

  • The Act will now be effective April 1, 2020
  • Employers must post a notice of the Act in highly visible place on its premises. For employers on shelter or telework, the posting requirements can be satisfied by sending the notice in an email or placing the notice on an internal website. Click here to download.

For more information from the DOL about the Act, please click here. Should you have any further questions, we ask that you please contact your Client Account Manager.


 
 
March 24, 2020
 

President Trump has signed the Families First Coronavirus Response Act (The Act), enabling provisions for employees affected by COVID-19. Resourcing Edge is here to support you in these unfamiliar times. Please see our highlights of The Act, here.

The Act goes into effect April 1, 2020 (amended 3/24/2020) and ceases December 31, 2020. Rest assured, we are taking the necessary steps to administer The Act during this trying time. We will continue to monitor the situation and provide updates as they become available.

We ask that you please contact your Client Account Manager with any questions you may have at this time.


 
March 13, 2020
 
As concerns over the COVID-19 virus deepen, Resourcing Edge is dedicated to the safety of our clients and employees. Understanding the potential impact of the virus to your business, we are here to assist you in navigating the policy and process questions you may have.
 
To best serve you, we have enhanced our continuity and contingency plans designed for safety during this outbreak:
  • Remote Workforce: Resourcing Edge is prepared to support a remote workforce internally, to ensure the safety of our team. Resourcing Edge staff have been provided with the necessary infrastructure to provide uninterrupted service to our clients.
  • Secure Client Data: Resourcing Edge hosts our client platform on redundant data servers, ensuring our team has easy access to our software wherever they may be.
  • Remote Payroll Processing: Resourcing Edge understands how crucial timely and accurate payroll is for our clients and their employees. You can rest assured knowing we are prepared with payroll processing continuity plans in place. In the event COVID-19 has an impact on distribution channels, employees receiving paper checks may be at risk of delayed payments. We suggest utilizing our technology options to receive paychecks electronically via direct deposit or pay card. If you or your employees are not receiving an electronic check and wish to do so, please contact your payroll administrator.
Additionally , Resourcing Edge’s master medical partner, UnitedHealthcare, will cover the costs of any COVID-19 tests for its members at approved locations in accordance with CDC guidelines. For up to date information on approved CDC testing locations and other virus facts, please click here.
 
We will continue to assess the situation as directed by the CDC and provide updates when necessary. We ask that you reach out to your Client Account Manager with any questions or concerns.
 
 

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