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Ready to put our adaptation and recovery expertise to work for you? To tap into our help in areas like business sustainability, cashflow forecasting, workforce planning and management and more, please contact your RKL advisor.
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Friday, July 24 at 11 a.m., we welcomed Michelle Rondinelli, Kitchen Kettle Foods Inc. Co-Owner and President, who shared her organization’s recovery journey and provided best practices for adapting to the new normal. Then Ryan Hurst, RKL Consulting Partner, and Bob Pozesky, RKL Operations Consulting Practice Leader, walked through Governor Wolf’s most recent PA COVID-19 response and helped you prepare for the uncertainty of what’s to come. Finally, RKL HR Consultant Tricia Richardson answered commonly asked HR questions and offered tips to track payroll wages and leave correctly to maximize tax benefits.
Yes, per the final bill, the following are employer taxes are included: Section 3111(a) – 6.2% employer portion of social security tax, Section 3221(a) – Railroad retirement payroll taxes, Section 3111(b) – 1.45% Employer portion of Medicare tax.
The legislation is not retroactive. The provisions will apply on April 1 and they will expire on December 31, 2020.
Currently, they are not considered excluded for purposes of qualified employees. The bill does have a section that allows the Secretary of Labor the authority to issue regulations that would exclude this group, however, no such regulations have been issued at this time. Additionally, if regulations are passed, they would allow the employer to elect out, it would not be an automatically exclusion.