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March 23, 2020
On Friday, March 20, 2020, the Internal Revenue Service (IRS) issued a News Release regarding the tax credits available for small and midsized businesses to recover the cost of providing Coronavirus-related leave. The key takeaways, as identified by the IRS, are:
Also on Friday, the Department of Labor issued the following guidance regarding the Families First Coronavirus Response Act, which essentially outlines the Act in non-legalese (see our article here regarding the Act):
Call or email us if you need assistance in interpreting this guidance or to address questions regarding COVID-19 in your workplace