Oct 05, 2021
The American Rescue Plan Act (ARPA), passed earlier this year, allowed employers with less than 500 employees to voluntarily provide Emergency Paid Sick Leave (EPSL) and Emergency Family and Medical Leave Expansion Act (FMLEA) leave to eligible employees on terms similar to 2020’s Families First Coronavirus Relief Act (FFCRA). As with the FFCRA, employers providing qualifying leave under ARPA could recover their costs of leave provided through payroll tax credits. This tax credit-eligible leave under ARPA had to be taken between April 1 and September 30 of 2021. Leave taken after September 30 will no longer qualify for payroll tax credits.
Despite the expiration of leave under ARPA and its payroll tax credits, employees will continue to need leave for COVID-related reasons. Employers should consider that time off may be available to employees under an employer’s existing paid leave policies. Employees could also qualify for leave under state or local leave laws. And, in the interest of workplace safety, many employers will allow employees to take unpaid leave if a worker is exposed to COVID-19 or has COVID-19 symptoms.
Nov 22, 2024
In a recent revenue procedure, the IRS announced changes to health savings accounts for 2025. Now is a good time to look at your situation and consider your options. Click through for a review of the changes.
Nov 21, 2024
When a disaster strikes, it's critical to have a payroll continuity plan — a document outlining the steps necessary to manage payroll through disruption. Click through to learn how to create a multitiered plan that prepares your organization for many possibilities.
Nov 20, 2024
Cost-of-living adjustments affect dollar limits for pension and other retirement-related items for tax year 2025—and your contribution to such accounts increases. Click through to see the IRS stipulations regarding specific retirement programs.
Nov 19, 2024
Between changes to current tax law and uncertainty about how a new president will influence future tax law, planning for the 2024 tax season is challenging. Click through for tips on staying on top of current and proposed tax legislation.
Nov 18, 2024
With a November 2024 decision that overturns major employment changes announced in April 2024, a federal court has ruled against the Department of Labor. Click through for a review of the current overtime status in the wake of this decision.
Oct 24, 2024
As an employer, you should be familiar with which employees are eligible for continuation of health insurance benefits under federal law and what events trigger that coverage. You should also know what kinds of communications are required and when. Read through to learn more.
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