What’s in the Covid relief bill: Tax extenders
The Consolidated Appropriations Act of 2021 includes a number of provisions beneficial to individuals and business owners, particularly in light of ongoing economic turmoil in the wake of the coronavirus pandemic. In addition to the extension of the Paycheck Protection Program, direct payments and other tax provisions, the Taxpayer Certainty and Disaster Tax Relief Act […]
A deeper dive into the Families First Coronavirus Response Act
More details have emerged about the Families First Coronavirus Response Act (FFCRA) and how employers need to file for credits related to paying qualified sick and family leave wages or qualified wages. As you know, the FFCRA requires businesses with fewer than 500 employees to provide emergency paid sick and family leave for reasons related […]
Department of Labor resources for FFCRA
The Families First Coronavirus Response Act (FFCRA) provides for emergency sick leave and emergency expansion to the Family and Medical Leave Act. Guidance on this law, as well as the Coronavirus Aid, Relief and Economic Security (CARES) Act continues to evolve. Below are some resources for employers from the U.S. Department of Labor: Click here […]
Families First Coronavirus Response Act provides paid sick and family leave, employer tax credits
President Trump signed today the Families First Coronavirus Response Act (H.R. 6201) to provide affected individuals with paid sick and family leave and create tax credits for affected employers, expand food and nutrition services, allow for emergency state unemployment insurance grants, and increase Medicaid funding to states, among other things. The leave provisions go into […]
Tax reform changes to employee benefits tax breaks: 4 negatives and a positive
The Tax Cuts and Jobs Act (TCJA) includes many changes that affect tax breaks for employee benefits. Among the changes are four negatives and one positive that will impact not only employees but also the businesses providing the benefits. 4 breaks curtailed Beginning with the 2018 tax year, the TCJA reduces or eliminates tax breaks […]
