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Use Our Online Tool to Better Understand Government Funding Programs
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Access vital funding to help your business remain open, continue paying your employees, and recover from unplanned circumstances due to the COVID-19 pandemic.

Paychex has created an easy-to-use online tool that details the specific federal relief programs and refundable credits available through the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security Act (CARES). The tool includes helpful links to applications and a comparison chart of loan programs (Paycheck Protection Program and the Economic Injury Disaster Loan program) to help you address what would best meet the needs of your current circumstances.

Access the Tool

We recommend discussing these options with your accountant or trusted advisor to determine the best course of action to leverage the incentives available.

Paychex is actively working to help make the PPP loan application process simpler. If you’re a Paychex client, we’re creating a report and ensuring it reflects changes introduced April 2 by the federal government. To utilize the report, your business or your clients’ business must have run payroll with Paychex in 2019.

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What are the Top Small Business Priorities for the Trump Administration?

Management
Article
01/05/2017

President-elect Trump is taking oath of office on January 20, 2017, and small business owners are weighing in on what priorities they’d most like to see tackled. Paychex recently ran a survey polling more than 400 small business owners that suggested the Affordable Care Act (20%), immigration (17%), and tax reform (16%) are the top three issues they’d like to see the Trump Administration address first.

An image showing the top priorities for the new administration, according to small business owners. Affordable Care Act, Immigration Reform, and Tax Reform round out the top responses.

Affordable Care Act

President-elect Donald Trump made the “repeal and replacement” of the ACA a central tenet of his campaign. The President-elect has said he’d pursue ACA alternatives such as various market-based reforms. The possibilities include:

  • More flexible use of health savings accounts;
  • Sale of insurance across state lines;
  • Making Medicaid a program funded by block grants for the states; and
  • Allowing people to deduct the cost of health insurance premiums on their personal income tax returns.

 For more information, read Repealing the Affordable Care Act: Potential Business Implications.

Immigration

Trump has detailed a proposal to put Americans to work building a wall along the Mexican border to stop illegal immigration. He has said he plans to deport all 11 million undocumented immigrants living illegally in the U.S. upon becoming president. He also favors increasing wages for H1-B visas and placing new restrictions for up to six years. He has favored a plan to that would require Americans be hired before such visas would be made available to work skilled immigrants.

Trump has also thrown his support toward a broader mandate for E-verify. Currently, only certain federal contractors are mandated to utilize the otherwise voluntary federal verification system.

Tax Reform

The new approached could blend the measures Trump outlined during his campaign to:

  • Cuts to business and individual tax rates
  • Capping the capital gains rate at 20 percent
  • Eliminating the estate tax
  • Immediate capital expenses write-off

For more information, read Is Tax Reform Achievable Under Trump’s Administration.

For full survey results, be sure to check out Paychex Small Business Snapshot: Top Priorities for Small Business Owners Under Trump Administration.

 

This website contains articles posted for informational and educational value. Paychex is not responsible for information contained within any of these materials. Any opinions expressed within materials are not necessarily the opinion of, or supported by, Paychex. The information in these materials should not be considered legal or accounting advice, and it should not substitute for legal, accounting, and other professional advice where the facts and circumstances warrant.