Department of Labor
Yesterday the Department of Labor published the attached fact sheet and Q&A that explains in layman’s terms the new required sick and leave pay laws and refundable tax credits. We also expect a bill to be enacted this week providing even further relief, including tax credits for individuals, deferral of 50% of payroll taxes for employers, and SBA disaster loans for small businesses affected by COVID.
As always, we will keep you posted on the facts as they evolve.
IRS BACKS OFF ON ENFORCEMENT ACTIVITIES DURING THE PERIOD