The March passage of the "Families Frst Coronavirus Response Act", which included the "Emergency Paid Sick Leave Act" and "Emergency Family and Medical Leave Expansion Act", requires small businesses to pay sick leave and family leave (to provide child care for children whose schools are closed) to employees who are unable to work because of COVID-19.
This recorded seminar will give you the information you need to help your clients comply with these new laws and provide as many benefits as possible to employees at no cost to the business. The entire text is cited so you can act with confidence, knowing that the information you are using is correct and based on authoritative guidance, and so you will know where you can go to get more information.
· Determine who is eligible for these benefits
· Calculate what amount of benefits should be paid (with a simple worksheet)
· Find out when benefits should be paid
· Identify where in the country employees are eligible for these benefits
· Understand why paying these benefits does not cost your business anything
· Learn how to get the money reimbursed by the federal government – Quickly!
We’ll answer common questions like these.
· What if my business is shut down?
· Can employees who are working, but working less hours, get benefits?
· How do I determine how much to pay workers with schedules that vary?
· Do employees have to be sick to collect sick pay?
· Do household employees qualify for sick and family leave pay?
· Are these payments subject to social security and Medicare tax?
· Can self-employed taxpayers get these payments?
· What documentation do I need?
· And if we don’t answer your question, e-mail it to us and we will do our best to answer it.
And receive free updates as forms and additional guidance are issued!
Lisa Ihm, EA became an Enrolled Agent in 1986 and has been teaching seminars nationwide since that time. Rather than simply reciting the rules, she breaks them down and uses a methodical, step-by-step approach to help you understand how tax laws will apply to taxpayers in the "real world". Then she digs below the surface to make you think about how tax laws affect your clients and how you can use those laws to your clients’ benefits. Her fast-paced, engaging style will help you understand these complex new laws!
This seminar has been designed to meet the requirements for 1 Federal Tax Law Update continuing education hour for EAs, CRTPs, and CPAs. We have entered into an agreement with the Office of the Director of Practice, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, Section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors and length of class hours. This agreement does not constitute an endorsement by the Director of Practice as to the quality of the program or its contribution to the professional competence of the enrolled individual.
IRS UD2VU-U-00089-20-S Self-study
This seminar has been designed to meet the requirements for 1 hour of Federal Tax Law Update for the California Tax Education Council. This does not constitute endorsement by the CTEC as to the quality of the course or its contribution to the professional competence of the preparer.
For more information regarding administrative policies such as complaints or refunds, contact Brass Tax at (858) 487-2553.
CTEC 1008-CE-1117 Self-study