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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.

Coverage Adequacy Services - Paychex ESR Video Series

Health Care

The Paychex "Employer Shared Responsibility" video series continues with our Coverage Adequacy Service. Our data analysis will tell you if your coverage is adequate and affordable. Paychex has helped you determine if ESR provisions apply to your business and how many full-time employees you have in your chosen measurement period.

That should satisfy the ESR requirements, right?

Unfortunately, you're only halfway there.

The next big step in the process is determining if the coverage you offer meets the quality and affordability standards in the law. But don't worry, Paychex is here to help you with that as well. If you offer group coverage to your employees, you may think that satisfies your obligations under the ESR provisions. However, your plans may not meet minimum standards for coverage quality and affordability.

The calculations to determine this are extremely complex and require you to coordinate both employee wage data and benefits information if you have multiple vendors for these services.

Paychex is able to leverage its ESR services across a number of employee administration categories. It gives our clients who have their insurance service through us a big assist in coverage adequacy.

The monthly report that clients on our Paychex Insurance Agency, Paychex PEO, or Benetrac Service Received, is unique to Paychex because only we can coordinate the payroll and benefits systems we manage to track your coverage by employee. Paychex ESR services can evaluate coverage adequacy, value of coverage, and affordability of coverage offered.

Once again, there's no need to feel overwhelmed. Paychex can help you determine if your coverage meets the standards set by the law. You've had to together a lot of information up to this point.

Let's look at the next step in ESR are compliance, reporting that information to the IRS.

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.