Customers can opt in to defer their employer-paid Social Security taxes and generate Paycheck Protection Program (PPP) loan reports directly in the Justworks platform
Justworks announced the launch of a new tax deferral feature and Paycheck Protection Program (PPP) reporting functionality as part of a dynamic COVID-19 relief center built into its software. The relief center enables customers to opt in to deferring their employer-paid Social Security taxes, thereby granting businesses access to more working capital to pay their people as early as their next payroll cycle. Via the relief center, customers can also navigate to reporting, where they can generate a specialized Paycheck Protection Program report for their PPP loan application, as well as access other recently launched tools to schedule COVID-19-related paid leave for their employees and claim the applicable tax credits.
By building a dynamic relief center in the Justworks platform, customers can more easily understand and navigate the various government relief programs available to them. Importantly, the high-level view it provides gives businesses a clearer picture of how their choice to utilize a specific COVID-19 relief program, like the PPP, may impact their eligibility for other programs.
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While Congress has acted fast and with good intentions, the various relief programs created by the Coronavirus Aid, Relief and Economic Security (CARES) Act and the Families First Coronavirus Response Act (FFCRA)—on top of complex implementation guidance released by the IRS, SBA, and U.S. Treasury—have created a real administrative barrier to access for America’s small businesses. Justworks eliminates this barrier with simple software that empowers businesses to easily understand their options, get access to relief fast and stay compliant—all at a time when they need to focus on their people, not paperwork, more than ever.
“This is why Justworks exists. We build software that makes it easy for small businesses to manage and navigate government complexity,” said Isaac Oates, Founder and CEO of Justworks. “In this challenging time, we have a unique opportunity to use our product architecture and expertise to help customers confidently pursue the government programs that best suit their business and people. The COVID-19 relief center in Justworks does just that.”
