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The COVID-19 Acts tab of the Clients screen contains options relevant to the various Coronavirus-related acts put into place for 2020 and 2021.

Choose Setup > Clients and click the COVID-19 tab.

Fields & buttons

CARES Act

• Defer payment of ERFICA-SS to the end of 2021 and 2022. Mark this checkbox to specify that you want to defer the ERFICA-SS amount. Accounting CS will split the amount into two, and specify new due dates for the end of years 2021 (for 50% of the amount) and 2022 (for the remaining 50%).

  Note: If you are impounding payments - The deferred payment transactions are hidden by default in the Funding dialog. To display those transactions in the grid, mark the Include payments deferred per COVID-19 Acts checkbox.

• Specify the quarters in which to claim the Employee Retention Credit for all employees. Mark the checkboxes to select the quarters in 2020 and/or 2021 in which the client will claim the credit.

  Accounting CS can automate the credits for clients that had 500 or fewer employees in 2019. Because Accounting CS can't accurately calculate automated liability adjustments for only those employees who are being paid for work not performed, we cannot support automatic liability adjustments for clients that had 501 or more employees in 2019. See the COVID-19 - Employee Retention Credit article for more information.

• Enter the periods and amounts of the advance payments that were requested with each Form 7200. Choose the year and quarter to enter the requested advance payment amount.

  Note: You can enter multiple advance payment amounts for each year/quarter combination.

• Enter the credit amount and the number of individuals provided COBRA premium assistance. This is available for quarters in 2021 only.
• Enter the qualified health plan expense amounts to allocate to special type ARPA related wages. This is available for quarters in 2021 only.
• Enter the amounts under collectively bargained agreements to allocate to special type ARPA related wages. This is available for quarters in 2021 only.
• Enter the qualified health plan expense amounts to allocate to special type COVID-19 related wages. This is available for quarters in 2020 and 2021.

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