While COVID-19 has undoubtedly had a huge impact on public health, there is an even bigger impact on the global economy. Trillions of dollars are being lost by businesses of all sizes and shapes. In the U.S., the federal government is moving to address the economic effects of this outbreak by providing relief primarily to employees of small businesses. Read more here: Families First Coronavirus Response Act
Simplified facts regarding new legislation for the Families First Coronavirus Response Act & the Emergency Leave Act (COVID 19 What Employers Should Know PowerPoint Presentation), presented by BenefitMall, one of Phocus Company’s payroll partners, and MyHRConcierge, a human resources business.
Another great resource that reviews payroll tax credits, family leave, and more in an easily digestible format (Focus Benefits, FFCRA, and Navigating COVID-19).