Congress recently passed coronavirus tax relief bills (CARES Act) to help businesses deal with the COVID-19 pandemic. The 2020 Form 941, through our Aatrix tax forms software, is now available. If you have been using our recommended CARES Act COVID-19 paid leave setup process with the ability to select Retention Credit pay runs outlined in the document below, the 2020 Form 941 will automatically perform the new required calculations. If you did not follow the CenterPoint COVID paid leave setup process, the COVID-19 information will need to be manually entered on the 941 form in Aatrix (Retention Credit pay runs can still be selected). CenterPoint Payroll also has access to Form 7200 - Advance Payment of Employer Credits Due to COVID-19, and other CARES Act COVID-19 reports including PPP Payroll Cost reports to assist in completing the PPP Loan Forgiveness Application. |