The Families First Coronavirus Response Act provides a series of refundable tax credits for employers who are required to provide Emergency Paid Sick Leave and Emergency Paid Family and Medical Leave. These tax credits are allowed against the employer's portion of Social Security taxes. While this limits application of the tax credit, employers will be reimbursed if their costs for qualified sick leave or qualified family leave wages exceed the taxes they would owe.
How Will Employers Pay For PSL and FMLA Under The Families First Coronavirus Response Act?
About Swier Law Firm's Business & Corporate Practice Group
Swier Law Firm's Business & Corporate Practice Group handles the following types of cases:
- Cyber Law and Cyber Security
- Limited Liability Companies (LLCs)
- General Partnerships and Limited Liability Partnerships
- Joint Ventures and Strategic Alliances
- C Corporations and S Corporations
- Trademarks and Copyrights
- Real Estate
- Wind Energy Transactions
- Corporate Governance
- Corporate Dissolution
- Conducting Internal Investigations for Boards, Board Committees and General Counsel
- Preparing, Revising and Updating Governance and Compliance Materials, including Bylaws,
Committee Charters, and Compliance Policies.
To learn more about business and corporate legal issues in South Dakota, contact Swier Law Firm.
