Covid-19: Employer payroll changes
The US government has introduced legislative changes to respond to the devastating economic impact of COVID-19. These changes affect employers, employees, and payroll professionals. A range of temporary measures have been signed into law as the US economy looks to responds to the urgent needs of the labour force. Here, you can find a summary of some of the key measures in the US and links to further information.
Economic Impact Payments
The majority of U.S. residents – under certain income levels – can apply for the Economic Impact Payment if they meet eligibility criteria.
- Qualifying individuals may receive up to $1,200. Married couples may receive up to $2,400.
- Qualifying individuals may receive up to $500 for each eligible child
- Eligible individuals must have a Social Security number.
The Coronavirus Aid, Relief, and Economic Security Act was signed into law on March 27, 2020. This scheme offers financial relief to companies, small businesses, and individuals struggling to meet financial obligations due to the COVID-19 crisis.
For full details on these initiatives and other policies related to Covid-19, click HERE.
Disclaimer: Payslip is an automation and integration technology partner to global payroll. We are not a government agency. All payroll information relating to COVID-19 is subject to change and updates. You are encouraged to visit official government websites for the latest information.
Using Payslip, we can manage all our payrolls across nine in-country vendors on one platform. When the global Covid-19 pandemic arose, it was not an issue from a payroll perspective, and critically getting everyone paid. The Payslip platform enabled continuity for our international payroll service including the fast and seamless implementation of the Payslip Employment Self Service during this time.
Payroll Manager, LogMeIn
With business and employee growth rates of above 50%, we rely on our vendors to deliver on time, every time. Payslip’s workflow automation, enables Phorest to manage our payroll provider process – data driven, real time and transparent. Payslip saves us time so we can focus on our business growth.
International Payroll Manager, Phorest