Shreveport, LA, April 13, 2020 — Automatic Payroll Systems, Inc. (APS), a provider of best-in-class workforce management technology, announced the release of its FFCRA and CARES Act offerings. These system enhancements simplify and automate FFCRA and CARES Act compliance processes to reduce the burden placed on businesses.
The passing of the FFCRA and CARES Act challenged organizations to decipher complex and unprecedented pieces of legislation, all while coping with operational difficulties during the COVID-19 pandemic. APS began working to gain a better understanding of the regulations and how this would impact customers. Developed in-house on APS’ proprietary all-in-one platform, these new FFCRA and CARES Act offerings streamline compliance for businesses.
FFCRA Credit Tracking and Management
For qualified sick payments under the FFCRA, APS has developed and released FFCRA Credit Tracking and Management. This new solution includes the following features to help manage FFCRA compliance:
Four new income type options to make it clearer and easier for clients to manage employee paid sick leave. These income types support the payment of wages under the FFCRA that are exempt from Social Security and Medicare taxes. Automated capping of the credit amount based on the maximum aggregate as defined by the FFCRA on
The post APS Releases FFCRA and CARES Act Offerings to Help Businesses During COVID-19 appeared first on HR Tech Feed.