Thursday, March 19, 2020

More Coronavirus News

Rob Bujan shared with Gossips this information of relevance to Hudson businesses. 
The Family First Coronavirus [Law] has been signed into law by President Trump. It will go into effect 15 days from being signed into law. Please note--we only know what has been released and gathered thus far--the bill was written incredibly quickly, so some of the details on how this will happen and the logistics will be worked out in the coming weeks.
As it stands now, the bill gives some relief to workers and their families by creating emergency paid sick leave and paid family leave in the case of school closures. The bill requires employers with up to 500 employees to provide paid sick leave and paid family leave to their employees. To cover the costs of the leave, the government will give employers a refundable payroll tax credit as well as a refundable income tax credit for self-employed individuals.
What employees are eligible: those who have worked at least thirty calendar days for the employer before they were impacted by COVID-19. Both provisions are set to expire on 12/31/2020. (This doesn't apply to businesses that are closing their operations.)
Click here for more details about the law.

1 comment:

  1. Rob Bujan should be commended for the work he's done this week to bring information and support to our community in a time of crisis. He's displayed leadership and competence. Thank you, Rob.