FFCRA and CARES Act Program Comparison

The past several weeks have been a whirlwind of information related to the COVID-19 pandemic, and it is challenging to keep it all straight. Our partners at Execupay have developed a helpful comparison chart for the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). This chart provides information about who is eligible, how to take advantage of these programs, what the maximum amounts and applicable periods are, and where to learn more. Visit our Coronavirus Resource Center for more information or contact your local Kemper office.
As a client of Kemper 1st Choice Payroll, you have access to resources such as these. Contact your local office to learn more about our payroll services.
FFCRA Credit (EPSL & EFMLA) |
Paycheck Protection Program (PPP) Loan | Economic Injury Disaster Loan (EIDL) | Employee Retention Credit (ERC) | Payroll Tax Deferral (PDT) | |
---|---|---|---|---|---|
Who is Eligible? |
|
|
|
|
|
Where can you learn more? | bit.ly/3bZSQoR | bit.ly/3bRecVs | bit.ly/2Xlf00H | bit.ly/2RhNf5x | bit.ly/3bV5uW0 |
To Utilize | Pay COVID- 19-eligible sick time and family leave wages paid via new earning codes:
|
|
Apply at online through the SBA at: bit.ly/2xYHt1C |
|
bit.ly/3bV5uW0 |
Maximum Amounts |
|
|
$2 Million | 50% of up to $10,000 of wages per Employee. Max of $5,000 per employee. | Only applied to Employer Social Security |
Applicable Periods | 4/1/2020 to 12/31/2020 | 2/15/2020 to 6/30/2020 | 1/31/2020 to 12/31/2020 | Wages paid after March 12, 2020 and before Jan. 1, 2021 | Deposits due for the period beginning March 27, 2020 to Dec. 31, 2020 |
Purpose | Help pay sick employees and employees home caring for child out of school due to closure. |
|
Provide quick financial help to businesses that have been impacted. | Reduce payroll taxes for businesses that do not fall under other programs. | Help cashflow by postponing employer tax payments. |
Combining Programs | EPSL and EFMLA amounts cannot be used or forgiven with PPP Loan dollars. | Cannot combine with:
|
Businesses can apply for PPP and EIDL, but some restrictions apply on how funds are used. |
|
|
FFCRA and CARES Act Program Comparison (Click to view or save this PDF) ![]() |