Three Key Changes HR Needs to Know About the New COVID-19 Relief Bill

More pandemic relief is officially on the way. In late December 2020, then-President Donald Trump signed a new, $900 billion COVID-19 stimulus package known as the 2021 Consolidated Appropriations Act (CAA). In this episode, we cover three key changes introduced by this bill that HR parties of one need to know right now. Payroll + HR + Benefits in an all-in-one solution. Request a BerniePortal demo today! https://offer.bernieportal.com/bernieportal-employer-demo-hrpo1/Find us at https://www.bernieportal.com/hr-party-of-one/BerniePortal: The all-in-one HRIS that makes building a business & managing its people easy. http://bit.ly/2NEQ5QbWhat is an HRIS?https://bit.ly/what-is-an-hrisBernieU: Your free one-stop shop for compelling, convenient, and comprehensive HR training and courses that will keep you up-to-date on all things human resources. Approved for SHRM & HRCI recertification credit hours. Enroll today!https://bernieu.bernieportal.com/Join the HR Party of One Community!https://www.bernieportal.com/community/▬ Contents of this video ▬▬▬▬▬▬▬▬▬▬00:00 Signing the 2021 Consolidated Appropriations Act (CAA)00:33 What is the Consolidated Appropriations Act? 02:03 New FSA and Dependent Care Updates04:28 How HR can take advantage of this new FSA flexibility05:02 FFCRA Leave Tax Credit Extended05:34 Why Congress Made Changes to the FFCRA06:51 Paycheck Protection Program Funds- Replenished & Restructured 07:40 PPP First-Draw Participants08:10 PPP Second-Draw Participants08:45 PPP Eligibility & Cost Updates09:14 PPP Funding for Minority, Veteran, and Women-owned Businesses09:25 New PPP Deadlines09:56 Homework10:19 Final Notes ▬ Episode Resources & Links ▬▬▬▬▬▬▬▬▬▬U.S. Small Business Administration: Coronavirus Relief Optionshttps://www.sba.gov/funding-programs/loans/coronavirus-relief-optionsRelated Episode: CARES Act Summary: How to Prepare for the Coronavirus Stimulus Packagehttps://youtu.be/y1GH3bZMgkMRelated Episode: Emergency Sick Leave: Families First Coronavirus Response Acthttps://youtu.be/zoCH4MM9hxkRelated Episode: How to Apply for the Paycheck Protection Programhttps://youtu.be/tg4Rd5vRiGcHR Glossary: FFCRA- Families First Coronavirus Response Acthttps://www.bernieportal.com/hr-glossary/families-first-coronavirus-response-act-ffcra/ HR Glossary: CARES Acthttps://www.bernieportal.com/hr-glossary/cares-act/ National Law Review: Congress Extends FFCRA Tax Credit into 2021https://www.natlawreview.com/article/congress-extends-ffcra-tax-credit-2021-declines-to-extend-ffcra-leaveNational Law Review: PPP Update: Guidance for New and Existing Borrowershttps://www.natlawreview.com/article/ppp-update-guidance-new-and-existing-borrowers National Law Review: Additional Relief for FSA Benefitshttps://www.natlawreview.com/article/additional-relief-fsa-benefits ▬ Social Media ▬▬▬▬▬▬▬▬▬▬▬► LinkedIn: https://www.linkedin.com/company/bernieportal▬ Podcast▬▬▬▬▬▬▬▬▬▬▬▬► Apple Podcasts: https://podcasts.apple.com/us/podcast/hr-party-of-one/id1495233115► Spotify: https://open.spotify.com/show/5ViQkKdatT40DPLJkY2pgA► Amazon Music: https://music.amazon.com/podcasts/1874beb8-2a68-4310-8816-e704e6850995/HR-Party-of-One► iHeartRadio:...