Paid Family and Medical Leave Archives - Eubanks Accounting & Advisory

Tax Credits Provided to Small Businesses

By Jennifer Eubanks | March 28, 2020 |

Summary of Keypoints Overview of FFCRA tax credits for small businesses: The Families First Coronavirus Response Act requires small businesses to provide paid sick leave and emergency family and medical leave, while offering refundable payroll tax credits to offset the cost of these required wages. Scope and timing of credits: The FFCRA provides a 100%…