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.
On March 6, 2020, the Department of Labor’s (DOL) Office of Labor-Management Standards published a final rule establishing a Form T-1, Trust Annual Report, which requires annual reporting on financial information pertinent to “trusts in which a labor organization is interested.” The DOL believes this information has largely gone unreported despite the significant impact such ... Read More ›
Legacy Professionals Partners Bob Cann and Eileen Brassil and Manager Tim Fagan attended the AICPA Employee Benefits Conference May 6-8 in New Orleans, LA. The agenda covered updates on employee benefit plan audit and tax quality and more.