March 28, 2020

2020 – 03/25

Are you a business owner with employees unable to work due to coronavirus (COVID-19)? As you may have heard, employers can begin taking advantage of two new refundable payroll tax credits created by the Families First Coronavirus Response Act. The Act was signed into law on March 18, 2020. The IRS also announced that it will release guidance on how eligible employers who pay qualifying sick or childcare leave under the new law will be able to file a request for an accelerated payment from the IRS. 

For more information from the IRS: