Important COVID-19 Updates and Resources for Square Payroll Employers
This time is as unpredictable for you as it is for your employees. This page will serve as your resource for Square Payroll product updates and communication highlighting what you can do today to manage your Square Payroll account. We will be sharing new features as they become available and resources to support business owners as they navigate these unique challenges.
As we work through this together, we encourage you to ask questions, voice your concerns, and provide feedback to Square on the resources you need. The Square Seller Community serves as your forum for these conversations, directly with Square and other Square sellers like yourself. Our Support Center will continue to provide useful information, as well as instructions regarding Square Payroll and other Square products.
Paycheck Protection Program (PPP)
The Paycheck Protection Program (PPP), a part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, provides loans to small businesses to help cover the costs of retaining employees during COVID-19. The money can be used for payroll, rent, mortgage interest, or utilities and can be forgiven if all employees are kept on payroll at their full rate for eight weeks. You are welcome to apply for PPP funds through Square Capital or any other approved PPP lender.
Emergency Leave Pay
The Families First Coronavirus Response Act (FFCRA) helps mitigate the workplace effects of COVID-19 by requiring employers to pay employees for up to 80 hours (two weeks) of emergency paid sick leave and up to 10 weeks of paid family leave. Eligible employers who pay qualifying leave can earn payroll tax credits equal to the amount of leave wages paid.
Square Payroll Settings
Here are some ways you can update your payroll settings to reflect potential changes to your business: