Select Page

COVID-19 Credits under the FFCRA and CARES Acts

Talk to an expert

Andy Starnes
Andy StarnesPartner
Steven Murphy
Steven MurphyPartner
Chris Arnone
Chris ArnonePartner

COVID-19 Credits under the FFCRA and CARES Acts

Under the new law, if an employee you are continuing to keep on payroll qualifies due to the various reasons set forth in the law during the Coronavirus crisis, then a calculation must be done to reduce your payroll tax payment based upon the amount of payroll that is being paid to those qualifying employees. In short, for both the employer and the employee portions of payroll tax that would normally be remitted, you, the employer, can reduce the remittance and keep the money, if you qualify. These credits are also refundable if your employment tax isn’t enough to cover the total recovery.

We can help you with these calculations and can identify all credits you might be eligible for under the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

Contact our team for assistance.

Contact Us

How did you hear about us?

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.