Worldwide ERC® Advocates on Paycheck Protection Program

Worldwide ERC is working to address the impact of COVID-19 on its membership group. While containment efforts are necessary, the governmental restrictions related to the coronavirus have impacted the ability of corporations to relocate employees, which has had a significant effect on relocation management companies, household goods movers, and other industry service providers.

Worldwide ERC is a relocation services industry trade association, with a membership of 12,000 relocation and global workforce professionals. On April 20, 2020, Worldwide ERC® sent letters to congressional leaders requesting upcoming economic stimulus packages to provide relief since the industry has been directly impacted by the pandemic. The letter requested three provisions related to the Paycheck Protection Program to help Worldwide ERC® members address the impact of the coronavirus:

• Appropriate additional funding for the PPP of no less than $250 billion. Worldwide ERC® will advocate for more funding to the program in the future as necessary to ensure that all eligible members have access to funds.
• Allow businesses that secure a loan under PPP that is forgiven to also continue to defer payments of payroll taxes. Currently, a business cannot continue to defer payroll tax payments if their loan is forgiven.
• Provide household goods moving businesses with fewer than 500 employees but affiliated with a company with more than 500 employees to be eligible for the PPP.

The full article is available here: https://www.worldwideerc.org/news/worldwide-erc-advocates-on-paycheck-protection-program