With the focus on the PPP and EIDL options, a tax credit afforded by the Families First Coronavirus Response Act (“FFCRA”) has been mostly ignored by funeral home and cemetery owners. Recently, a Foresight accounting client reached out to our team when one of their funeral directors tested positive for COVID-19. In addition to the protocols and processes well publicized by the CDC and OSHA, we recommended that this firm continue to pay this employee wages under the provisions provided by the FFCRA. The following considerations led us to this conclusion:
Is the business considered a Covered Employer as defined by FFCRA – Yes
Has the employee been employed for at least 30 days – Yes
Does the employee have a qualifying reason for leaving – Yes
Under the FFCRA, an employee qualifies for paid sick time if the employee is unable to work (or unable to telework) because:
What must our client, provide?
Why should our client elect do this?
In summary, our client can retain a valued employee while protecting his staff and minimizing the risk of spreading the virus in the community. For more detailed information including decision flow charts, please see the Department of the Treasury or SHRM websites.
As we navigate through these times of uncertainty and live out our new normal, we here are at The Foresight Companies want to be your source for all topics related to your business operations.
Please visit our COVID-19 new Business Operations Resource Center frequently as we continue to update as changes are occurring.
If you have any questions or concerns, please do not hesitate to pick up the phone and give one of us a call at 1-800-426-0165.
*Please note that as information is updated and modified, terms and conditions are subject to change.