Hey Compliance Warriors!
Today the U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor) announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees. This relief to employees and small and midsize businesses is provided under the Families First Coronavirus Response Act (Act), signed by President Trump on March 18, 2020.The Act will help the United States combat and defeat COVID-19 by giving all American businesses with fewer than 500 employees funds to provide employees with paid leave, either for the employee's own health needs or to care for family members. The legislation will enable employers to keep their workers on their payrolls, while at the same time ensuring that workers are not forced to choose between their paychecks and the public health measures needed to combat the virus. Read on...
UH OH, IT LOOKS LIKE YOU DON’T HAVE ACCESS TO THIS CONTENT!
If you’re not yet a member of the HelpDeskforHR.com then you should definitely check that out here – you’ll get access to this content and oh so much more, including courses, resources, and a community of Compliance Warriors.
If you are already a member then it looks like you’re not logged in, so just enter your details in the login form below or click here to login and access this content. Having problems logging in? Contact us! We will be happy to confirm your level of access.
