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COVID-19 Paid Sick Leave Provisions

This page was last updated 3/30/2020 at 12:15 p.m. and will be updated as new information becomes available. CARES Act Our overview of the CARES Act signed 3/27/20 can be found by clicking here. DOL Notice and Reference Guides The Department of Labor issued fact sheets for employers, employees, and Q&A, which can be accessed by clicking here. Affected employers…

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2020 Numbers to Know

Each year, the IRS updates numbers based on inflation that affect payroll, retirement plans, and employee benefits. Here are some key figures for 2020: Payroll Social Security Taxable Wage Base - $137,700 Social Security Withholding Percentage - 6.2% Medicare Taxable Wage Base - unlimited Medicare Withholding Percentage up to earnings of $200,000 - 1.45% Medicare Withholding Percentage for earnings above…

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