Always stay up-to-date with the latest events in Hawaii
This employee tax DEFERRAL is applicable from September 1 to December 31. Employees can opt to participate in this deferral which allows taxpayers to bring home a larger net BUT, it is important to remember this is a DEFERRAL and not a forgiveness. The deferred tax must be paid by April 30, 2021. What does this mean for employers and employees? Employers are responsible for collecting and paying this deferred tax starting January 1, 2021. Participating Employees should expect smaller paychecks at the beginning of the year 2021. Any deferred taxes not paid by April 30, 2021 will be subject to penalties, interest and additional taxes. To discuss further please contact a Aegis Team member.
We are also expanding our HR resources. If you are interested in integrating your onboarding processing, please contact your Aegis Team. New features to include W-9, direct deposit, I-9 and more. Especially because of the current pandemic and everyone working remotely! Stay complaint and make sure you have all your employment documents in one place.
Effective Thursday, August 27th, midnight the state of Hawaii Stay at home order begins. This is scheduled for 2 weeks and may possibly extend beyond the 2-weeks effort to combat the significant increase of positive COVID cases. Governor Ige has approved the request of Mayor Caldwell to shut Hawaii down as the Oahu alone puts the state of Hawaii in the Red zone. Non-essential workers are to remain at home. Employers with essential workers, please assure your employees are equipped with proper identification to avoid violating the order and receiving a fine of up to $5,000. (source: https://governor.hawaii.gov/wp-content/uploads/2020/08/2008106-CCH_Emergency-Order-No.-2020-25-distribution-signed.pdf)
As of Thursday, March 19, 2020 the state of Hawaii has advised. Gov. Ige is directing the following:
To read more detail please click on the following link https://governor.hawaii.gov/newsroom/latest-news/proper-use-of-covid-19-tests-imperative-there-is-a-current-shortage-of-hand-sanitizers-and-toilet-paper-in-hawaii-in-part-because-of-the-publics-over-reaction-to-covid-19-the-hawai/
For more information please click on this link https://hawaiicovid19.com/ to read more about how the COVID-19 can impact you and your business.
The Governor of Hawaii has waived the mandatory one week waiting period for benefits, if you are affected please visit the following website to apply for unemployment benefits: https://huiclaims.hawaii.gov/#/. If you need assistance in setting up an online account please feel free to contact our office (808) 593-0076 or email [email protected] and one of our team members can assist you with navigating the State of Hawaii Department of Labor Website ( https://huiclaims.hawaii.gov/#/).
If you are an employer to “non-essential” workers and are not sure how to coordinate the temporary unemployment benefits for your employees...we can help. Please visit the State of Hawaii online employer website at https://huiclaims.hawaii.gov/#/. If you need further assistance with navigating through the new State of Hawaii Department of Labor website ( https://huiclaims.hawaii.gov/#/) please contact our office (808) 593-0076 or email [email protected] and one of our team members can assist you.
On March 18, 2020 President Trump put the Families First Coronavirus Response Act (Act) into play for small to medium size businesses with 50 employees or less. In a snapshot, this Act will allow employers to receive a 100% reimbursement through various tax credits to the employer taxes filed on form 941. Employers can participate in the Paid Sick leave or Child care leave credit . To participating employers, the credit received from the Act increases the company’s gross by the amount equal to the relief credit to avoid “double dipping” and excluding the credit from being eligible for expense.
Paid Sick leave Credit: Employers can apply this credit if they have an employee who is unable to work because of Coronavirus quarantine and or presenting symptoms. For a total of 10-days, employers are able to be reimbursed for employee’s regular paid sick leave up to $511/day and $5110 total. For employees who need to care for their children because of Coronavirus, employers are eligible to claim ⅔ of the employee’s regular wage up to $200/ day and total of $2,000.
Child Care leave Credit: In addition to the Paid Sick leave Credit, employers may be able to be reimbursed for ⅔ of the employee’s regular wage up to $200/ day and total of $10,000. A maximum of 10 weeks can be applied towards the Child Care leave Credit.
For more information, please click on this link to read the original article by the IRS. irs.gov/newsroom/treasury-irs-and-labor-announce-plan-to-implement-coronaviru s-related-paid-leave-for-workers-and-tax-credits-for-small-and-midsize-businesse s-to-swiftly-recover-the-cost-of-providing-coronavirus
Employers: If you are in need of administrative assistance during this pandemic we will be glad to help assist in the coordination Federal and State of Hawaii reliefs.
Effective Jan 1, 2020 Hawaii employers are mandated to use the new website, https://huiclaims.hawaii.gov/#/. For additional reading please visit the following link to read the original release by state. http://labor.hawaii.gov/ui/main/new-employer-website/.