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Sick Pay and Family Leave Update

The IRS released some new questions and answers information regarding paid sick, medical, and family leave.  Please see the link below for this information. One important update we want to point out is covered in Question 6 in the link. Employees’ checks should have FICA and Medicare withholding. Employers should match the Medicare that they […]

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Coronavirus Aid, Relief and Economic Security Act (CARES Act) Summary

A new law was recently put into place called the Coronavirus Aid, Relief and Economic Security Act (CARES Act). The CARES Act has both personal and business tax provisions that will affect our clients. Click the link below to read our summary of the CARES Act.   BRSW Summary: Coronavirus Aid, Relief and Economic Security

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Conflicting Guidance

The Internal Revenue Service announced on March 20, 2020 with IR-2020-57 that employers could immediately start claiming the credit for sick leave paid. See additional information regarding paid sick leave here. The Department of Labor (DOL) just released the following statement, “The FFCRA’s paid leave provisions are effective on April 1, 2020, and apply to leave taken

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