Tax Relief Available For Small Businesses Providing Paid Leave During Pandemic

The coronavirus pandemic has created a challenging climate for small businesses. Financial concerns are butting up against public health interests. With that challenge in mind, the federal government earlier this year enacted the Families First Coronavirus Response Act. The act applies to businesses with fewer than 500 employees. It allows for employees to receive paid sick leave, while giving employers the means to handle that paid leave through tax credits. Here’s a breakdown of how it works according to information from the U.S. Department of Labor and the Internal Revenue Service. For employees Employees can receive up to 80 hours of