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Coronavirus-Related Paid Leave for Workers and Tax Credits for Small & Midsize Businesses

AssuredPartners

{"ops":[{"insert":"IRS and Departments of Treasury and Labor Announce Plan to Implement Coronavirus-Related Paid Leave for Workers and Tax Credits for Small & Midsize Businesses"},{"attributes":{"header":3},"insert":"n"},{"insert":"Over the weekend, the U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S.

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The future of FMLA points to paid leave

Business Management Daily

The COVID-19 pandemic has highlighted the need to keep sick workers out of the workplace. In passing the Families First Coronavirus Response Act (FFCRA), Congress authorized limited paid leave for the rest of 2020. In all likelihood, some form of paid FMLA leave will survive the pandemic. FMLA basics.

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New FAQs from the DOL shed more light on paid leave

Business Management Daily

First order of business: The DOL and the IRS have set the effective date of the Families First Act as April 1, 2020, even though 15 days from the date of enactment is April 2. And, according to the DOL’s FAQs , the circumstances under which employees qualify for emergency paid sick leave or paid FMLA leave are more limited than meets the eye.

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IRS’ tips from the top at 2020 APA Virtual Congress

Business Management Daily

The American Payroll Association’s annual Congress, held during the week of June 2, was anything but typical. At Tuesday’s first workshop, Payroll Changes for 2020 and Beyond , Andrew Garboden, CPP, Director of Payroll Training at the American Payroll Association and Curtis Tatum, Esq.,

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New Federal Law Mandates Paid Sick Leave & Enhanced Unemployment for Workers Affected by COVID-19 Pandemic

AssuredPartners

After the tenth (10"},{"attributes":{"script":"super"},"insert":"th"},{"insert":") day, the employer must provide paid leave in an amount that is not less than two-thirds of an employee’s regular rate of pay, for the number of hours the employee would otherwise regularly be scheduled.

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The American Rescue Plan Act of 2021’s impact on payroll

Business Management Daily

For most people, the centerpiece of this legislation is $1,400 checks to taxpayers whose 2020 adjusted gross income is less than $75,000 (single taxpayers) or $150,000 (marrieds filing jointly). that could impact employers, especially as it relates to payroll and leave. Tax credits for paid sick/ family leave.

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Update: What you need to know about pandemic leave policies in 2021

Business Management Daily

Pandemic leave policies are a hot topic in 2021 after many of the Families First Coronavirus Relief Act’s (FFCRA) federal mandatory provisions expired at the end of 2020. The FFCRA – the first comprehensive federal paid leave law – set the floor for COVID-19 leave. Current federal law on pandemic leave.