We are monitoring developments in the U.S. Congress regarding an emergency relief stimulus package that includes individual taxpayers and businesses. Today, we received a briefing that laid out some key provisions, but bear in mind that the U.S. House still needs to pass the bill, currently known as the Coronavirus…

The Families First Coronavirus Response Act (FFCRA) is slated to take effect April 1, 2020. We know that it leaves affected employers with many questions regarding their responsibilities to provide paid family and sick leave to employees impacted by COVID-19. Our team at Anglin Reichmann Armstrong has summarized some of…

On March 20th the IRS issued Release IR 2020-57 announcing that small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees. This relief to employees and small…

As coronavirus (COVID-19) continues to spread, rattling financial markets, forcing the closures of businesses and schools, and canceling major public events across the country, the Trump Administration and Congress began taking steps to mitigate the impact on Americans. On March 13, 2020, President Trump declared a national emergency, which frees up $50 billion…