FFCRA Rules at the Moment

There continues to be confusion on the FFCRA rules. They are still being interpreted and additional guidance continues to be released. We have attached the latest update in a link to Bent Erickson& Associates (our go-to regarding employment compliance). They recently updated their FFCRA How-To-Guide. Please read through it for the updates.


As schools begin opening in your communities, you will need to understand the requirements for paying team members that miss work due to child care.

We also recommend if you have questions that are not answered or are complicated (and what staff issue isn't complicated?) you contact a labor attorney. this is not an area that you want to be caught saying "I didn't know."

For a labor attorney referral, please call our office and we can provide you with contact information for the attorneys we use in SC & NC.
North Carolina Department of Commerce Letters

If your office is in NC, you should have received a letter from the Department of Commerce recently. Please send this letter on to your payroll company as it explains that you will receive a tax credit for your first quarter 2020 state unemployment insurance payment.  
Unclaimed Property Reminder

A few examples of unclaimed property include:
  • Refund checks sent to patients that were never cashed
  • Payroll Checks to employees that were never cashed
  • Credit balance on a patient account that is over 5 years old

Hopefully you have been able to review your accounts receivables to identify any patient credits that remain unclaimed.

We have completed our GL review for voided checks and contacted those clients individually. If you did not hear from us, that means no reportable checks were identified. You will still be required to report any accounts you identified during the accounts receivable review.
 
Due diligence letters should be sent no later than September 1. You can find an example in our Unclaimed Property eblast or by visiting your state’s website. These letters are to inform your patient of money (property) that is owed to them. They will then have until October to contact you for collection. Any unclaimed property should then be reported and paid to the state.

Please keep in mind depending on your state you may be required to file a Negative (zero) Report if you have no unclaimed property.

Review our Unclaimed Property eblast sent on June 18th for more state specific information.
Relief for Retirement Account Owners

Most of you are not retired yet, but we wanted to share this information in case it applies to you or to someone you love. 

As you may be aware, Required Minimum Distributions (RMDs) are not required this year. This includes Inherited IRAs. 

What happens if you (or a loved one) have already taken the RMD for the year? If you decide you do not need it, you have until the end of this month (August 31, 2020) to return it to your retirement account. Please contact your retirement person for more information if you have questions.
ADA Advocacy

You have probably received notifications from the ADA urging you to contact Congress regarding the latest pandemic relief legislation. 

This version will expand on some of the past relief initiatives, as well as other concerns and issues regarding COVID-19.   The ADA has asked Congress to include the following provisions:

  • Providing tax credits to small businesses for purchase of additional personal protective equipment and safety improvements to the office.
  • Increasing funding for Medicaid and protecting adult and child Medicaid dental benefits from cuts.
  • Providing temporary and targeted liability protection to small businesses that follow applicable public health guidelines during the pandemic.
  • Giving additional flexibility for PPP loans by allowing borrowers to:
  • Take advantage of the Employee Retention Tax Credit.
  • Use PPP funds to purchase PPE.
  • Take out additional PPP funds.
  • Deduct expenses paid for with PPP loans. 
  • Incentivizing health care practitioners to work in health disadvantaged communities that have been further undermined by COVID-19 by providing tax credits, federal grants, additional student loan repayment, and other incentives.
  • Ensuring that Provider Relief funding is not included in taxable income.
  • Investing resources in the public health infrastructure including CDC and the Indian Health Service.

If you have not responded to the ADA’s call to action, please click on the link below.
Please be sure to visit our Website for past Eblasts, Webinars & Podcasts:
 
 
As always, we hope you are staying safe and sane and positive. 
We love and appreciate you!
 
Every effort is made to provide accurate and complete information in Coleman, Ureda, Alford & Kaucher, PA publications. This information is being provided as a courtesy to our clients and is based on the best of our knowledge at this time. Please understand the COVID-19 situation and related law/bills are ever evolving. The law/bills are being interpreted and adjusted by various agencies on a frequent basis. Thus, we cannot guarantee that this information remains up-to-date.