By Robert Swider
The US Department of the Treasury has provided guidance concerning the relief to employees and small and midsize businesses provided under the Families First Coronavirus Response Act, signed by President Trump on March 18, 2020.
We recommend you review the information at the following links.
News Release: U.S. Department of the Treasury, IRS and The U.S. Department of Labor Announce Plan to Implement Coronavirus-Related Paid Leave for Workers and Tax Credits for Small and Midsize Businesses to Swiftly Recover the Cost of Providing Coronavirus-Related Leave
Our firm may be able to provide some information concerning compliance, but we also recommend you contact your accountant. We are planning on doing the same for our firm.