Regulatory Roundup: August 2020

Though federal and state government responses to the coronavirus pandemic applicable to employers have largely slowed down, a few minor updates of note did occur during the month of August.

On August 8, an executive order from President Trump suspended Social Security Tax collection from employees, effective September 1, 2020, through December 31, 2020, for individuals making less than $4,000 on a bi-weekly basis. The order also expanded unemployment benefits, extended eviction protections, and suspended student loan payments.

In state-specific legislation, the United States District Court for the Southern District of New York struck down multiple key regulations of the Families First Coronavirus Act (FFCRA). In Pennsylvania, House Bill 1170, the Construction Industry Employee Verification Act (Act 75), was passed and goes into effect October 7, 2020. This act requires Pennsylvania employers in the construction industry to use E-verify.

Check out this month’s compliance and tax alerts below:

• Executive Orders to Suspend Payroll Taxes, Expand Unemployment Benefits, and more
• FFCRA Leave – Federal Court Rule Changes in New York
• Pennsylvania Construction Employers Must Use E-Verify

Visit our Return to Work page to browse our resources to help you engage, rehire, and recruit in this new environment. You can also check out our Legislative Updates Related to Coronavirus (COVID-19) for a comprehensive summary of legislative changes and how Paylocity has responded with updates to our product to help you stay compliant. For the latest information and resources related to the coronavirus, check our COVID-19 Resources page often. 

Be sure to bookmark our resource library and come back monthly for Regulatory Roundups of tax and compliance alerts you need to know. Don't forget to also follow us on Facebook, LinkedIn, and Twitter for urgent updates. 

This information is provided as a courtesy, may change, and is not intended as legal or tax guidance. Employers with questions or concerns outside the scope of a Payroll Service Provider are encouraged to seek the advice of a qualified CPA, Tax Attorney, or Advisor.