Coronavirus Impact Updates

Showing 1 post by Manori de Silva.

Employers Can Still Get a Tax Credit for Paid Sick Leave in 2021

Posted In Coronavirus

Coronavirus

The Families First Coronavirus Response Act (FFCRA) became law on April 1, 2020, as a measure to try to address the effect of the pandemic on businesses and employees. It required certain employers (generally those with fewer than 500 employees) to provide their employees with paid sick leave for a number of reasons related to COVID-19. Employers could seek payroll tax credits to offset, dollar-for-dollar, the cost of providing the sick leave. The obligation on the employer to provide that sick leave ends today, December 31, 2020.

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