Gross Receipts Safe Harbor for Employers Claiming the Employee Retention Credit
By Admin September 14, 2021 Category: Business Law
The Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued a safe harbor allowing employers to exclude certain items from their gross receipts solely for determining eligibility for the Employee Retention Credit (ERC). The ERC is a refundable payroll tax credit available to eligible employers whose operations were fully or partially suspended due to a COVID-19 shutdown. Employers may be eligible for the ERC if its gross receipts for a calendar quarter decline by a certain percentage when compared to a prior calendar quarter. This safe harbor permits employers to exclude certain stimulus proceeds from gross receipts... READ MORE
Eligible Employers Can Claim Paid Leave Credit For Employees Providing COVID-19 Immunization Care & Recovery
By Admin September 14, 2021 Category: Business Law
Paid sick and family leave tax credits under the American Rescue Plan Act of 2021 (ARP) are available to eligible employers for providing leave to employees to accompany a family member, household member or certain other individuals to obtain or recover from the COVID-19 immunization. Eligible employers can tax credits for the cost of providing paid sick and family leave for reasons related to COVID-19 including qualified leave wages and certain other wage-related expenses (such as health plan expenses and certain collectively bargained benefits). The ARP tax credits are available to eligible employers that pay sick and family leave for... READ MORE
California’s New Covid-19 Supplemental Paid Sick Leave: What you need to know
By Admin April 08, 2021 Category: Business Law
On March 19, 2021, Governor Gavin Newsome signed a new Covid-19 Supplemental Paid Leave (“SPSL”) into law. The new SPSL is similar to the prior Covid-19 Supplemental Paid Sick Leave law that expired on December 31, 2020. The new law came into effect on March 29, 2021 and applies retroactively to January 1, 2021. The key and important issues to understand are as follows: Covered Employers: All employers with 26 or more employees are covered by the new SPSL. Covered Employees: The new law added 5 additional types of coverages that did not exist in the prior laws. The covered... READ MORE
City Of Los Angeles Passes Paid Sick Leave Ordinances
By DeAnn Chase December 15, 2016 Category: Business Law
Due to apparent dissatisfaction with paid sick leave as provided at the California state level, the cities of Los Angeles and San Diego have passed ordinances granting sick leave to qualified employees. Employers should note that the permissible uses under both ordinances are broader than California law. As of July 1, 2016, many employees within the City of Los Angeles will be entitled to accrue 48 hours of paid sick leave per year. Los Angeles Ordinance The state paid sick leave law does not supersede local ordinances, and employers must comply with both the state and the local laws, whichever... READ MORE