Pandemic Darlings The pandemic economy, in original documents
Home Source documents U.S. Treasury, Q&A: Payroll Support Program Compliance Obligations (updated Oct. 16, 2020)

U.S. Treasury, Q&A: Payroll Support Program Compliance Obligations (updated Oct. 16, 2020)

Summary

A U.S. Treasury Q&A on Payroll Support Program (PSP) compliance obligations, updated October 16, 2020. It states that filing extensions will not be granted because the PSP agreement requires compliance reports not later than 45 days after the end of each of the first three calendar quarters and 90 days after the end of each calendar or fiscal year. The Q&A states that the agreement does not allow PSP funds to be used for expenditures incurred before the date of the agreement and that questions go to Treasury by email, with a live conversation available on request. It also states that documentation in the CARES Administration Hub can be edited only for the current quarter, and that the primary point of contact can add contacts, who must register in ID.me.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Cite this document

“U.S. Treasury, Q&A: Payroll Support Program Compliance Obligations (updated Oct. 16, 2020).” Original at home.treasury.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/u-s-treasury-q-a-payroll-support-program-compliance-obligations-update-b631d402df/, SHA-256 13c89d8e38042fdf8c75619de2105590e2e48de07ea5c5178d1edb9fddf1bf0c.

Full text

                Q&A: Payroll Support Program Compliance Obligations
                              Updated October 16, 2020


GENERAL QUESTIONS

1. Are filing extensions granted if recipients are unable to meet the quarterly compliance
   reporting deadline?

   No. the Payroll Support Program (PSP) agreement provides specific dates for recipient
   reporting; therefore, filing extensions will not be granted. Under the PSP agreement
   entered into by every participant, the recipient is required to file compliance reports with
   Treasury on a quarterly basis not later than 45 days after the end of each of the first three
   calendar quarters of each calendar year and 90 days after the end of each calendar or
   fiscal year. For information about reporting deadlines, see “Q&A: Payroll Support
   Program Compliance Obligations Updated June 30, 2020,” available at
   https://home.treasury.gov/system/files/136/4112-Compliance-FAQs.pdf.


2. Are recipients allowed to utilize Payroll Support Program funds for wages, salaries
   and benefits prior to the signed date of the agreement?

   No. The Payroll Support Program agreement does not allow recipients to utilize PSP funds
   for expenditures incurred prior to the date of the PSP agreement.

3. How can a recipient have a live conversation with Treasury?

   Recipients should send all questions regarding the Payroll Support Program, via email, to
   CaresActCompliance@Treasury.gov. A request for a live conversation may
   be included, along with the recipient’s phone number. Where feasible, Treasury will call
   the recipient directly or schedule a time to speak.

CARES ADMINISTRATION HUB

4. Can recipients edit and remove documentation uploaded or submitted in the CARES
   Administration Hub (CARES Hub)?

  Yes, but only for the current quarter for which information is being collected. Recipients
  can modify current report information until the specified compliance reporting and
  certification deadline date. Information provided in prior quarters cannot be modified.

5. How do recipients add points of contact to assist with compliance reporting
   requirements in the CARES Hub?

  The primary point of contact for the PSP agreement can add additional points of contact
  (POC) in the CARES Hub for reporting purposes. Please follow below instructions to add
  additional contacts:

       1. Login into https://portal.treasury.gov/cares
       2. Click on “Provide Information” under Required Action Items
       3. Click on “New” under PSP Compliance Contacts
      4. Enter the additional contact information and Click on “Save”
      5. An email will be sent to the contact with a link to
      https://portal.treasury.gov/cares with instructions to register
      6. The additional contact will be able to login after they register with ID.me

Once added, each additional POC will be required to register in ID.me in order to access the
CARES Hub Portal. For information about establishing an ID.me account, see “Creating a
Certified Digital Identity Updated July 9, 2020” available at
https://home.treasury.gov/system/files/136/4112CompliancePortalRegDetailedInstructions.pdf.

File and source

File
Additional-FAQs_PSP_Compliance-Reporting_10-16-20.pdf
Size
95,442 bytes
SHA-256
13c89d8e38042fdf8c75619de2105590e2e48de07ea5c5178d1edb9fddf1bf0c
Our copy
Additional-FAQs_PSP_Compliance-Reporting_10-16-20.pdf
Original
home.treasury.gov
Back to top