We want to affirm our support for you all during this difficult time. Please let us know if there are resources we can provide.
What's in the CARES Act?
On Friday, March 27, 2020, the President signed into law the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act. The CARES Act contains a number of relief provisions—including tax provisions—designed to sustain Americans during the COVID-19 health and economic crisis. We have written two posts reviewing the individual and business tax provisions within the law:
The Department of Labor has created a website devoted to the Families First Coronavirus Response Act, the new law requiring most private employers with fewer than 500 employees to provide emergency paid sick leave and emergency paid family and medical leave to their employees for coronavirus-related absences. The also creates a corresponding refundable paid sick leave credit and paid child care leave credit for these employers. The webpage contains a helpful series of Questions and Answers. For more information about this law, read our post.
