March 27, 2020
To ease the burden and assist small business owners and their employees during the COVID-19 pandemic, emergency legislation has been signed into law. Here are some highlights of the new law. Overview of the Law: The Families First Coronavirus Response Act (FFCRA) is effective as of April 1, 2020. It includes amendments to the current FMLA (Family and Medical Leave Act) and stipulates requirements for paid sick leave. Employers covered by the FFCRA Emergency Paid FMLA (Family and Medical Leave Act) and paid sick leave will be responsible for paying out the costs themselves and will be reimbursed through certain tax credits, which may not happen until 2021. FMLA Provision: FMLA is calculated based on the number of hours the leave-taking employee would normally be scheduled to work. This cannot be less than two-thirds the employee’s regular rate of pay. The amount […]