Georgia partial UI
BKI is assisting those GA payroll clients who are in need of filing partial claims due to reduced hours or layoff of employees.
As the steps of this process evolve, know that we’re doing everything we can to assist your employees with getting paid. Due to the GA DOL’s phone system being unmanned, we’re not able to obtain answers to a lot of questions at this time.
A form is required to be completed by hourly employees affected in order to begin the process. Contact BKI staff if one has not been sent to you in preparation of this event.
Alabama partial UI
AL DOL has a separate system for filing partial claims. (Not the egov system.) If you have never had to file a partial claim, you will need to setup access.
Call: (334) 956-7481 to obtain the forms necessary to complete this step or EMAIL: UCPartials.LABOR@labor.alabama.gov
CLICK HERE - GUIDE ON HOW TO DO IT YOURSELF
You can read the entire Bill here. Essentially, here’s the down and dirty:
Various benefits:
Get cash back on 2018, 2019, 2020 NOLs.
Payroll Tax deferment
Payroll Tax Credit for the sick
Withdraw from retirement penalty free
350 Million in loans
There are two main loans:
Click here for a side-by-side comparision
Disaster Loan
Available now through www.sba.gov/disaster
You’ll need PFSs, Income Statements, and Balance Sheet to complete.
You can request a $10,000 grant during the loan application, and you’ll get to keep it regardless of your approval. (The system is not ready to take applications for this yet! They’re thinking no earlier than 4/6/20, but maybe even May before the right systems are in place.)
Can be used for any business expenses.
No portion is forgivable.
Forgivable Loan
Available through your local bank (we’re working with a few local bankers to get some details soon, and we’ll list them on our dream team page).
They are backed by the SBA, issued from your local bank, and you are allowed 2.5 times your average monthly payroll x 12.
Can be used for payroll, utilities, rent/mortgage, and the first 8 weeks from issuance can be forgiven, however you’ll have to be able to submit documentation regarding these costs. (there are caveats to how much payroll you can add, or keeping current staff in place. As we know the specifics, we’ll keep you posted).
The Families First Coronavirus Response Act (“FFCRA”) enacted March 18, 2020 has among its emergency supplemental appropriations, 3 tax credit provisions aimed at helping business owners provide paid medical leave for employees, owner-employees and self-employed individuals.
The three tax credits are calculated and implemented in a similar way, however, there are differences. They are broken down by the Emergency Paid Sick Leave Tax Credit, the Emergency Family and Medical Leave Tax Credit, the Health Insurance Tax Credit Portion and the Paid Sick Leave or Family Medical Leave Tax Credit for Self-Employed.