• COVID-19 • Intrust CPA

Implications of COVID-19 & Stay Home, Stay Safe

This webinar was designed for business owners and key management individuals. Even if you are self-employed or the company’s only employee, the discussion centers on an employer perspective and a key principle: do what is right for the long-term success of the business.

Topics covered:

  • Employer obligations under COVID-19 stay-home orders
  • Sick leave and payroll implications
  • Family First Coronavirus Response Act (FFCRA) updates
  • Tax credits available for employers providing paid leave
  • Practical guidance for keeping your business viable during the shutdown

Updates incorporated:

  • The credit on family sick leave appears to not limit to employers with fewer than 50 employees — businesses with more than 50 employees may also qualify.
  • The IRS indicated there would be an expedited process for recovering over-payments through payroll taxes, with details to follow.

Please note: The information provided was accurate as of the recording date and may have been superseded by subsequent legislation or guidance. Always verify current rules with your accountant or attorney.

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