Helping create and submit accurate CARES PPP Payroll reports has been a focus of our Support team as they work with customers to ensure compliance.
Paycheck Protection Program and In-House Payroll Software
The Paycheck Protection Program was established by the CARES Act and is being implemented by the Small Business Administration (SBA). The program provides small businesses with funds to pay up to eight weeks of their payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.
SBA will forgive loans if all employee retention criteria are met, and the funds are used for eligible expenses. Get official information at Loan Details and Forgiveness.
The SBS Payroll HR software support team has worked closely with customers to produce the payroll reports necessary to meet PPP requirements. They’re always available to help customers understand and work with them to meet new or changing payroll requirements.
If you’d like knowledgeable and personalized support for your in-house payroll software contact us.Continue reading