IRS FAQs on 2021 Paid Sick Leave and Paid Family Leave

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