The “Families First Coronavirus Response Act” (HR 6201) passed the Senate on Thursday, March 19th, extending greater protections to both employees and employers.
HR 6201 tackles 3 critical areas for businesses with under 50 employees:
1. Requires:
- Paid Sick Leave
- Paid FMLA Leave (to care for children)
2. Expands:
- Unemployment Insurance Eligibility
3. Promises:
- Tax Credits to Employers (to help offset benefits costs)
Need help? Don’t hesitate to ask. Biznis Resource has your back!
OTHER BUSINESS CAPITAL / FINANCE OPTIONS – CLICK HERE!
IMPORTANT TIPS: 1) Document all payroll costs, and 2) Create line items for each Covid-19-related expense (i.e., time spent on extra meetings, additional supplies purchased, increased cost of benefits. technology-related coping expenditures, etc.). Doing so will make it clean and easy to request / receive loan forgiveness and tax exemptions down the road!
The Consultation is FREE, so there’s absolutely no risk!
Re-source today with Biznis Resource… the better, easier way!