Families First Act Archives - Jackson & Campbell, P.C.

8 Apr 2020 |

Client Alert: Additional Help For Individuals From The Tax Code

The COVID-19 pandemic was designated under the Stafford Act as a national emergency on March 13, 2020. By doing so, the federal government opened a new area for tax-free help to those impacted directly by the disease, or indirectly due to the shelter-in-place directives. Section 139, enacted after 9/11, allows employers, or really anyone so inclined, to provide “qualified disaster relief ... Read More

TAGGED: Tax Law, COVID-19, Families First Act, CARES Act, Stafford Act, Section 139, reimbursements

2 Apr 2020 |

Client Alert: The Families First Act, the CARES Act, and IRS Guidance for Employers

The Families First Coronavirus Response Act (FAMILIES FIRST ACT), Public Law No. 116-127 (March 18, 2020), and the Coronavirus Aid, Relief, and Economic Security Act (CARES ACT), Public Law No. 116-136 (March 27, 2020) provide relief to employees and employers (including nonprofits) during this pandemic. The relief provided by the FAMILIES FIRST ACT is in the form of additional paid ... Read More

TAGGED: Tax Law, Internal Revenue Code, COVID-19, emergency leave, Families First Act, CARES Act, Employee Retention Credit