Employer Resources: 2021 New Laws, Tax Credits, PPP Forgiveness and More
New Laws for 2021
Be sure to read up on the laws that will apply to employers and small businesses including the California Family Care Act, Leaves of Absence, Workers Comp and more. Read more about these laws at the CalChamber website.
Mandatory Sexual Harassment Training
By January 1, 2021, employers with five or more employees must provide one hour of sexual harassment prevention training to nonsupervisory employees and two hours of such training to supervisors. These new requirements expand the prior harassment training law, which required employers with 50 or more employees to provide sexual harassment prevention training to all supervisors in California. The mandatory sexual harassment prevention training can be purchased on the CalChamber Store.
PPP Forgiveness Simplified Application
The SBA has released a 1-page forgiveness application for borrowers to apply for loan forgiveness for loans $50K or less. For loans larger than $50K here’s a link to the PPP EZ Application. Borrowers need to apply within 10 months after the last day of the borrower’s loan forgiveness covered period. For more info visit the SBA PPP Forgiveness FAQs.
California’s $100 Million Main Street Hiring Tax Credit
Qualified California small businesses that employed 100 or fewer employees as of December 31, 2019, and suffered a 50 percent decrease or more in income tax gross receipts can apply. Learn more about this credit.
CA Work Sharing Program Offers Employers Temporary Alternative to Layoffs
Employers can apply for the Unemployment Insurance (UI) Work Sharing program as a temporary alternative to layoffs if the business’s production or services have been reduced. (The program is optional.) Visit the EDD website here.
Please contact the Lomita Chamber of Commerce if you need assistance with any of these areas. We’re happy to connect you with a resource to help answer your questions.