One of the key provisions under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides relief to eligible employers in the form of a fully refundable credit against employment taxes.
Eligible employers, including tax-exempt organizations, will be granted a tax credit against employment taxes equal to 50% of qualified wages paid after March 12, ... Read More ›
On March 18, 2020, the Families First Coronavirus Response Act (FFCRA) was enacted. FFCRA addresses paid sick and family leave, including tax credits for employers. Legacy Professionals LLP has prepared a summary of the key provisions related to FFCRA: FFCRA Chart
Please contact your Legacy representative if you need assistance or have questions.