Treasury, IRS and Labor announce plan to implement Coronavirus-related paid leave for workers and tax credits for small and midsize businesses to swiftly recover the cost of providing Coronavirus-related leave
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 […]
Families First Coronavirus Response Act Expands Employees’ FMLA Rights and Mandates Paid Sick Leave
Families First Coronavirus Response Act In response to COVID-19, H.R. 6201 was signed into law by President Trump on March 18, 2020. The bill expands the Family Medical Leave Act of 1993, requires covered employers to provide paid sick leave to qualified employees, and offers new tax credits to employers providing sick and medical leave. […]