As we navigate these troubling times, be assured that we are here to help you in any way we can. To help you better manage your business through the current crisis, we’ve developed a COVID-19 Toolkit, along with our parent company, Deluxe. It is filled with resources you can use to navigate the day-to-day changes that your business faces as well as information to help your business move towards recover.
Today, we are highlighting the new Families First Coronavirus Response Act which went into effect on April 1, 2020. If this does not pertain to your business, please share with other businesses that this could help and be sure to check back often for new, helpful resources.
At a high-level, the FFCRA act requires certain employers to provide:
- Up to 80 hours of paid sick leave to full-time employees;
- Part time employees the number of hours of leave that the employee works on average over a two-week period; and,
- Up to an additional 10 weeks of paid expanded family and medical leave at two-thirds the regular rate of pay for employees caring for children (under 18) whose schools or child-care facilities closed due to the virus outbreak.
This act applies to all private businesses with fewer than 500 employees.
NOTE: If your business has fewer than 50 employees, you may be exempt from the requirement if you can show that granting leave would jeopardize the viability of the business.
In addition, if you are using a Payroll Service, you may qualify for dollar-for-dollar reimbursement through tax credits for all qualifying wages paid under the FFCRA. For more information on a tax credit for your business, visit the Department of the Treasury.
In addition to this information, here is a great infographic that can help explain everything in a more visual way. https://www.deluxe.com/blog/infographic-FFCRA/
Services to Help You Navigate COVID-19
Finally, we know that your to-do list is long. To help you tackle one area, we wanted to let you know that Deluxe offers many payroll and check solutions to help you pay your employees. If you have been looking into a Payroll Service, Deluxe is offer 2 months* free for new customers. Get more information on Payroll solutions.
*First two months free. Processing cost will be waived for the customer’s first two months. Cannot be combined with other offers. Offer available to new customers only. Deluxe reserves the right, exercisable in its sole discretion, to change or cancel this promotion at any time, without prior notice.