Employer Tax Credits for Retention and Leave Payments under the FFCRA and CARES Act
The Families First Coronavirus Relief Act (FFCRA) as well as the Coronavirus Aid, Relief, and Economic Security Act (CARES) have delivered some much needed relief to employers hit hard by the COVID-19 virus and associated work stoppages. These Acts allow employers to obtain relief from wage payments against the payroll taxes they otherwise owe.
Kathryn Murphy, a Partner at Murphy, Hesse, Toomey & Lehane, LLP presented a training session last month titled “Discriminatory Harassment Prevention Training for Managers”. Ms. Murphy began the training session with an introduction to legal basics where she emphasizes that discrimination is prohibited in any aspect of employment, and that the law prohibits discrimination against an individual based on race, color, religion, sex, pregnancy, gender identity, sexual orientation, age, etc. The second section of the training outlined specific policies Read More
On March 11, 2021, President Biden signed the American Rescue Plan Act (“ARPA”) which provides for a $1.9 trillion economic stimulus package. State and local governments, and also many educational entities, will receive substantial funding. Having endured the last year of the global COVID-19 pandemic, both states and local governments, as well as schools, have experienced unexpected expenses, losses in revenues, and budgetary burdens. The purpose of this Client Alert is to explain generally how funds from the ARPA relief aid have been designated to alleviate those COVID-19-related challenges.