Jim Geier, Human Capital Consulting Partners, wants to share some information regarding Employer Refundable Tax Credits under this Act.
Covered employers that are required to offer emergency FMLA or paid sick leave will be eligible for refundable tax credits. Employers with fewer than 50 workers can apply for an exemption from providing paid family and medical leave and paid sick leave if it “would jeopardize the viability of the business.” Gig-workers and other self-employed workers will be eligible for a tax credit to cover the benefits.
REMEMBER AN EMPLOYER MUST APPLY FOR AN EXEMPTION IF LESS THAN 50. YOU MUST APPLY TO THE US DEPARTMENT OF LABOR’S WAGE AND HOUR DIVISION. PHONE NUMBER AT BOTTOM OF THE POSTER.