Page 13 - may-june 2020

3 If an eligible employer had greater than lating to liability of payroll processors and certified
100 full-time employees during 2019, qualified professional employer organizations for delaying
wages include those wages paid by an employer payment of the employer’s share of social securi-
with respect to services which the employee is not ty taxes under an employer’s direction
providing due to suspension (as described in (1),
above), or decline in gross receipts (as described Extra Cybersecurity Vigilance
in (2), above) Finally, one other item: Particularly with
4 If an eligible employer employed less more people working remotely, the FBI warns of
than 100 full-time employees during 2019, quali- increased email fraud schemes related to the
fied wages include any wages paid during a sus- COVID-19 pandemic and the stimulus bill Scam-
pension or decline in gross receipts, as described mers are trying to trick you into: 1) clicking a link;
in (1) and (2) above, including circumstances or 2) providing personal/financial information.
where the employee has continued to provide YOU WILL NOT RECEIVE ANY LEGITIMATE, UNSOLIC-
services ITED EMAIL FROM THE GOVERNMENT, YOUR INSUR-
5 Regardless of an employer’s size, “qual- ANCE COMPANY, YOUR HEALTH CARE PROVIDER,
ified health plan expenses” constitute “qualified YOUR FINANCIAL INSTITUTION, OR ANY RELIEF
wages,” at least to the extent those expenses AGENCY ASKING YOU TO DO EITHER OF THESE
are properly allocable to such wages Further, THINGS!
qualified wages do not include wages taken The FBI warns to especially be on the look-
into account under the Families First Coronavi- out for the following:
rus Response Act, P L No 116-127 (“FFCRA”), for Fake CDC, WHO, or Doctor/Hospital Emails.
required paid sick leave (§ 7701) or required paid Watch out for emails claiming to be from
family leave (§ 7703)
Continued on page 14...

Two additional limitations apply:
1 Employers that receive a covered loan WORLD CLASS PERFORMANCE
under the Small Business Act, as amended by the FROM AMERICA’S
CARES Act, are not entitled to the credit INDUSTRY LEADER
2 An employer is not entitled to the § 2301 PRODUCTS:
credit for employees for which the employer is • New TRANSPORT TRAILERS
• New BOBTAILS
allowed a credit under I R C § 51 • New BULK STORAGE TANKS
Ask about availability of
Deferred Payroll Tax Payments used or refurbished
transport trailers and bobtails
Delay of Payment of Employer Payroll Tax- SERVICES:
es – § 2302 • Refurbishing & Repairs
Section 2302 of the CARES Act allows • Blasting & Painting
employers and individuals who are self-employed, • 5-Year Inspections
• Annual Inspections
subject to certain exceptions, to defer the em- • Stress Relieving
ployer’s share of social security taxes through the • Parts
end of the year, until the end of 2021 and 2022
Employers or individuals taking advantage of this PROUDLY MANUFACTURED & ASSEMBLED IN THE USA
delay must pay the deferred employment tax MISSISSIPPI
over the following two years, with 50% due by TANK COMPANY
December 31 of each subsequent year HEADQUARTERS INDIANA DIVISION
1 This provision does not apply to employ- P O Drawer 1391 1301 East Elkhorn Road
Vincennes, IN 47591-8004
Hattiesburg, MS 39403-1391
ers which receive a loan under the Small Business PH: 800-331-8265 ext. 224 PH: 812-886-8265
FAX: 812-886-8979
FAX: 601-264-0769
Act, which is forgiven by the CARES Act www .mstank.com
EMAIL: salesid@mstank.com
EMAIL: sales@mstank.com
2 Further, § 2302 contains special rules re-
13 Alabama Propane Gas Association | May / June 2020