On Thursday, March 11th, President Biden signed the American Rescue Plan Act into law. The newly enacted law includes credit updates to Employee Retention Credit, FFCRA and COBRA.
On Sunday, December 27, President Trump signed the COVID Relief and Government Funding Bill. This bill impacts employers’ ability to utilize the Families First Coronavirus Relief Act (FFCRA), employee retention credits, and defer employee payroll taxes. PayNorthwest can help you address each of these areas according to your organization’s specific needs.
With the wave of announcements over the last few weeks that school will be largely conducted online due to ongoing concerns about the coronavirus, a collective cry of despair went out from many working parents. What seemed like a moderate burden that we could all be good sports about and get through in the spring now feels like an impossible burden for the fall and, god forbid, winter.
The Department of Labor issued further guidance for workers and employers on how the protections and requirements of the FLSA, the FMLA, and the Families First Coronavirus Response Act (FFCRA) affect workplaces as they reopen during the COVID-19 pandemic.
What it is: Credits to be applied to offset the employer’s payroll tax in the amount equal to the amount paid for FFCRA Sick Leave.