The American Rescue Plan Act changed the rules for small businesses paying sick leave and/or family leave to employees impacted by COVID-19. The IRS has extensive FAQs to help figure the benefits for employees and the employment tax credits they may claim to cover their cost. Note: Self-employed individuals may also qualify for equivalent income tax credits. #IdeaoftheDay
Barbara Weltman
Big Ideas for Small Business, Inc.
Subscribe and download our eBook, "150+ Tax Deductions for Small Business A to Z."
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