Tag: federal tax credit

269
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…

973
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.
1464
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…

587
Posted in FMLA/CFRA Paid Family Leave

Updated Guidance on Paid Family Leave Tax Credit Issued by IRS

An updated guidance on a tax credit for employers who provide paid family and medical leave to their employees has been issued by the IRS…