Are you a business owner with employees unable to work due to coronavirus? You can take advantage of two new refundable payroll tax credits.
March 25, 2020
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. Contact us for assistance.
For more information from the IRS: https://bit.ly/2wzSc2c