Business
Paylocity Launches Additional Product Features, Resources to Help Businesses Better Manage During the COVID-19 Pandemic
SCHAUMBURG, Ill., May 7, 2020 /PRNewswire/ -- Paylocity (NASDAQ: PCTY), a leading provider of cloud-based HR and payroll software solutions, announces new
About this update from Paylocity Holding Corporation
[{"type":"text","content":"SCHAUMBURG, Ill., May 7, 2020 /PRNewswire/ -- Paylocity (NASDAQ: PCTY), a leading provider of cloud-based HR and payroll software solutions, announces new product features for the automation of the IRS Form 7200 to advance payment of employer credits, along with product mobilization to help clients recruit, rehire and engage their workforce coming out of the COVID-19 crisis.\n\n \n \n \n \n \n \n\n \nEmployers may file a new IRS Form 7200, Advance Payment of Employer Credits due to COVID-19, to receive advances of tax credits earned under the Coronavirus Aid, Relief and Economic Security (CARES) Act and the Families First Coronavirus Response Act (FFCRA). Paylocity launched enhancements to its software to automatically complete and file Form 7200 for its clients. Committed to helping clients stay compliant for the duration of this legislation, additional functionality allowing the automated setup of Paid Sick Leave once employees become eligible is being added. \n\"During this unprecedented time, Paylocity remains committed to our mission of deeply caring for our clients and moving forward together, knowing that returning to work will look very different over the next several months,\" said Steve Beauchamp, CEO of Paylocity. \"We've quickly enhanced our product suite to help our clients easily take action on the new laws and set them up for success as they start to rehire, recruit, engage and leverage a touchless environment.\"\nPaylocity also launched a Form 7200 microkit, which provides step-by-step guidance and information on COVID-related support and automation offered. Several other microkits have been deployed within the last month to provide easy-to-access expertise on the CARES Act and FFCRA, along with latest product enhancements and support for engaging a remote workforce: Community, Learning Management System (LMS), Surveys, Journals, Expenses and more. \n\"The value Paylocity provides has really come to light in the current environment. From step-by-step guides on the new legislation to real-time support and most importantly customized coding and reporting, the Paylocity team has gone above and beyond to make this challenging time less of a burden,\" said Ryan Joukema, Director of Finance & Operations at Precision Gage Company. \"Paylocity has provided an informative, efficient and incredibly valuable process for hel...