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Nannies and Household Employers EXCLUDED from Payroll Protection Program

Posted by HomeWork Solutions on Apr 3, 2020 3:17:03 PM
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PAYROLL PROTECTION PROGRAM EXCLUDES HOUSEHOLD EMPLOYERS

HomeWork Solutions has received many calls about the CARES Act stimulus bill and the Payroll Protection Program offering forgivable loans to employers who retain their employees.   Unfortunately, the US Small Business Association (SBA) has just issued final terms of the program which specifically exclude household employers from eligibility. The document notes that, “The Administrator, in consultation with the Secretary of the Treasury (the Secretary), determined that household employers are ineligible because they are not businesses.”

Household Employer Ineligible

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Topics: nanny, agency, senior, CPA

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