VCG has created an on-demand webcast about the recent legislation that provides small businesses with working capital loans that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
The FFCRA provides workers with paid leave for reasons related to COVID-19. The FFCRA covers the costs of this paid leave by providing small businesses with refundable tax credits. Certain self-employed individuals in similar circumstances are entitled to similar credits. This Compliance Bulletin provides the FAQs issued by the IRS on how the FFCRA tax …
The Families First Coronavirus Response Act (FFCRA) requires certain employers to provide eligible employees with paid leave for specified reasons related to COVID-19. Small businesses and employers of health care providers or emergency responders may qualify for exemptions to these leave requirements. This Compliance Bulletin includes the Department of Labor’s FAQs on these exemptions.
Employers impacted by COVID-19 have a variety of questions regarding the Act’s effect on their business and employees. While there are still many questions left unanswered, the Department of Labor (DOL) is continuing to release guidance and resources often to help employers. This Bulletin provides an update on the recent releases from the DOL.
On the evening of March 18, 2020, the President signed the Families First Coronavirus Response Act (the “Act”). It will go into effect on April 1, 2020*, and remain in effect until December 31, 2020. This is a change from the original expected effective date of April 2, 2020*. While the Act covers several programs,
This flowchart explains the recently passed Families First Coronavirus Response Act.