The Families First Coronavirus Response Act (FFCRA) provides support to employers and employees affected by COVID-19. The act includes an expansion of Emergency Family and Medical Leave, details around Emergency Paid Sick Leave, and tax credits for Paid Family Leave and Paid Sick Leave.
Effective April 1st, 2020, certain employers must provide paid leave to employees affected by COVID-19. Employers will also be provided with refundable tax credits that reimburse this cost.
Read up on the official changes. The US Department of Labor and the Internal Revenue Service offer resources to help you understand your part in all of this. Make sure you are familiar with what you are required to do for your employees.
Keep an eye out for updates to your program. Soon, we will implement the necessary changes you need to comply with the FFCRA. Your program's release notes will include information on how to apply the correct credits when you run payroll.
Check out the following resources for more details:
Contact your financial advisor for more information on the FFCRA. If you need assistance with your program, call us at 1-800-669-2509.