Get on the right path to payroll relief

As a business owner, you’ve likely been bombarded with information on how to best manage your business in the wake of the COVID-19 pandemic.

A network of laws under the FFCRA and the CARES Act can help provide you payroll relief and manage your liquidity – but working through the complex requirements and understanding the connections between all these rules can leave your head spinning. Knowing those interactions can work to your advantage. From the complexity of the relief provisions to advising on ways to obtain payroll tax credits, we can help you find the right path for your business.

Don't have a Paycheck Protection Program (PPP) loan? Did you know you could be eligible for the CARES Act employee retention payroll tax credit?

Our technical specialists can guide you through the steps and required substantiation, and our CARES Credit Calculator can determine the credit for each relevant quarter.

Here are the main ways to get payroll relief for your business

You can cross any one or a combination of these paths to create the right financial mix for your needs. Here’s a quick breakdown of each piece of legislation:

CARES Act deferral of payroll taxes

Deferral of deposit of employer 6.2% Social Security tax payment

FFCRA mandated leave payroll tax credit

Refundable, advanceable payroll tax credit based on coronavirus-related mandated sick leave and FMLA wages

CARES Act employee retention payroll tax credit

Refundable, advanceable payroll tax credit for eligible employers on certain wages paid during applicable period

CARES Act PPP loan & forgiveness

Eligible small employers may receive forgivable loans used primarily for payroll costs

CARES Act deferral of payroll taxes

Deferral of deposit of employer 6.2% Social Security tax payment

FFCRA mandated leave payroll tax credit

Refundable, advanceable payroll tax credit based on coronavirus-related mandated sick leave and FMLA wages

CARES Act employee retention payroll tax credit

Refundable, advanceable payroll tax credit for eligible employers on certain wages paid during applicable period

CARES Act PPP loan & forgiveness

Eligible small employers may receive forgivable loans used primarily for payroll costs

How do you know the right path to take?

Some businesses are pivoting to PPP loan forgiveness, while those without loans are pivoting to take advantage of the employee retention payroll tax credit. In both cases, it's essential to get the steps right and provide the correct information.

So how do you understand which options are right for your business and how to maximize the intersections between the legislation and related guidance – all while starting down the path to recovery?

We can answer these questions and more, using our deep knowledge of the legislation and related guidance, combined with our technical and government experience.

We can help you stay on course

At Crowe, our team of tax specialists includes former government officials, who worked in the same offices that created this legislation and the related guidance. Our industry expertise will help you create the best possible path to maintaining and gaining liquidity for your business – and we’re here to help when you may need to change course along the way.

We're dialed in at key levels of government and have the expertise to counsel you in a variety of payroll relief options.

Technical advice

We understand the complex interaction of the various relief provisions and evolving guidance – and how they specifically impact your business. We can help you create and implement a strategy tailored to your needs.

PPP loan forgiveness consulting

We can help you determine the payroll costs and related rules that impact your loan forgiveness amount, as well as the required documentation to submit your loan forgiveness application.
We understand the complex interaction of the various relief provisions and evolving guidance – and how they specifically impact your business. We can help you create and implement a strategy tailored to your needs.
We can help you determine the payroll costs and related rules that impact your loan forgiveness amount, as well as the required documentation to submit your loan forgiveness application.

Policy and procedure suggestions

Get a process in place for gathering the correct documents for your claim. We can help your management team establish procedures and substantiate claims, as well as perform or review calculations.

Payroll tax compliance advice

Guide your team on how to obtain payroll deposit deferrals and claim payroll tax credits, offsets, advances, and refunds. We can assist with reconciliation and interface with payroll providers.
Get a process in place for gathering the correct documents for your claim. We can help your management team establish procedures and substantiate claims, as well as perform or review calculations.
Guide your team on how to obtain payroll deposit deferrals and claim payroll tax credits, offsets, advances, and refunds. We can assist with reconciliation and interface with payroll providers.

Simplify PPP loan forgiveness with the Crowe PPP Tool for borrowers

Our tool can help you manage the loan forgiveness process from start to finish.

Learn more

Our specialists can help you map your path

Working through the network of legislation, complex requirements and constant changes regarding payroll relief can be overwhelming – this is our specialty. Whether you have a PPP loan, are looking for help with loan forgiveness or need help understanding the CARES Act payroll retention credit, our team can help you start mapping your road to recovery.