Tag: federal tax credit

4242
Posted in COVID-19 (Coronavirus) Time Off

New Federal COVID Law Includes Option to Offer Paid Sick Leave

I remember reading that the Families First Coronavirus Response Act (FFCRA) was scheduled to expire on December 31, 2020. Do I need to pay anything…

5389
Posted in COVID-19 (Coronavirus) Time Off

Congress Declines to Extend FFCRA Mandate

On December 27, 2020, President Donald Trump signed a second stimulus package addressing the economy and the COVID-19 pandemic. Among the many issues resolved in…

Employers need to maintain proper documentation to claim the new tax credits from the IRS.
5506
Posted in COVID-19 (Coronavirus) Time Off

Reminder: Properly Document FFCRA Leave to Claim Tax Credits

Employers are becoming familiar with the new Families First Coronavirus Response Act (FFCRA), which provides new COVID-19-related federal emergency paid sick leave and emergency family…