The federal government and the states have established numerous new requirements and procedures in response to the coronavirus pandemic.
Congress passed new legislation aimed at keeping the country operating as businesses temporarily closed and most employees were required to telework. The two major new laws containing payroll requirements, signed by President Donald Trump, were the Coronavirus Aid, Relief, and Economic Security (CARES) Act and the Families First Coronavirus Response Act.
This strategic white paper is a compilation of payroll-related news articles and perspective pieces recently published by Bloomberg Tax & Accounting. The topics covered include new legislation, paid-leave laws, FMLA expansion, assistance to employers and employees (including the Paycheck Protection Program), and payroll processing during the crisis.
Visit Coronavirus Tax Resources to access related tax developments and resources on the coronavirus.