COVID-19 Employee Retention Credit comes to an end for most employers.
The Infrastructure Investment and Jobs Act, signed into law on November 15, 2021, has upended the the Employee Retention Credit (ERC) for the entire fourth quarter of 2021 for most employers.
COVID-19 Employee Retention Credit comes to an end for most employers. Read More »
New Stimulus Bill in the Works
Senate Republicans just unveiled the initial draft of a trillion dollar stimulus bill. While the bill will require negotiation with Senate Democrats and is expected to undergo significant modification, there are several components that are positive, particularly for employers. Therefore, we want to share what we know about the bill so far and give you an idea of where things seem to be headed.
New WOTC Target Group
Legislative Update – July 29, 2020 Read More »
On Wednesday, April 21, 2021, President Joe Biden announced a refundable tax credit available for select businesses that pay employees that need to take time off to get vaccinated for Covid-19. This is part of the administration’s effort to involve employers to promote vaccination.
New Covid-19 Vaccine Tax Credit for Select Employers Read More »
It’s hard to imagine that already a year has passed and the world is still dealing with a devastating pandemic. The disruptive effects the pandemic has had in the business world continues to take its course seemingly without end. One of the most impactful changes employers are facing is the future of the workplace as we know it, especially for businesses that have had to make the remote working experience a reality over the last year.
The Challenges of Managing a Remote Workforce Read More »
With millions of Californians out of work, on Wednesday, September 9, Gov. Gavin Newsom signed a law giving tax breaks to small businesses that hire employees over the next three months.
The incentive program will offer businesses of 100 employees or less a tax credit of $1,000 on their state tax bills for each new employee hired by December 1, 2020.
California Unveils New Hiring Credit Targeting Small Business Read More »
On April 17, the Internal Revenue Service (IRS) posted new Frequently Asked Questions (FAQ) regarding COVID-19-related tax credits for required paid leave provided by small and midsize — sick leave and family leave.
IRS Issues FAQs for Families First Coronavirus Response Act Read More »
On Friday, March 27, President Donald Trump signed the “Coronavirus and Economic Security Act” (also known as the CARES Act) into law, after a voice-vote approval earlier that day by the U.S. House of Representatives and an unanimous vote by the U.S. Senate on Wednesday of last week. The CARES Act, estimated at $2.2T is the largest economic stimulus ever approved in the history of our country. The stimulus bill delivers extraordinary spending to confront the country’s disruption due to the COVID-19 pandemic, including cash payments to individual citizens, enhancements and expansions to unemployment benefits, a broad lending program for small businesses and targeted relief for hard-hit industries.
CARES Act – Signed into Law Read More »
Paid Sick Leave for Workers
For COVID-19 related reasons, employees receive up to 80 hours of paid sick leave and expanded paid child-care leave when employee’s children’s schools are closed or child-care providers are unavailable. The Act will help the United States combat the financial strain employers are incurring as a result of the COVID-19 pandemic.
Update: Worker Paid Leave & COVID-19 Tax Credits for Select Employers Read More »
H.R. 6201 — Enacted this Week
The “Families First Coronavirus Response Act” (H.R. 6201) was signed into law by President Donald Trump on March 18, 2020. The bill is intended to provide immediate relief to Americans financially impacted by the COVID-19 crisis.
Families First Coronavirus Response Act — Signed into Law Read More »
H.R. 6201 — Expected soon
The COVID-19 crisis has sparked an unprecedented response and action from Congress, urging lawmakers to work together and act swiftly to respond to economic crises looming over the country. As a result, Congress is expected to enact H.R. 6201 “Families First Coronavirus Response Act” as early as this week. Things are moving fast in Congress. Yesterday, at a lunch event, Senate Majority Leader Mitch McConnell (AL-R) said, “The Senate will not leave town until we have passed another bill to address this emergency.
Legislative Update: Congressional Action to Covid-19 Read More »
