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.
Murphy, Hesse, Toomey & Lehane, LLP Partners presented their Labor & Employment Law Update in collaboration with the Cape Cod Human Resources Association. Attorney Nan ONeill presented the first segment titled “Creating Your Tool Kit for Meeting Reasonable Accommodation Obligations”, where she examined reasonable accommodation obligations applicable in the current health crises, including the global pandemic and opioid misuse, and outlined steps to create your own toolkit. Attorney Kier Wachterhauser presented a 2020-2021 Case Law Update, followed by 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.