On Wednesday, March 18, 2020, Congress passed and President Trump signed into law the Families First Coronavirus Response Act (FFCRA), requiring employers to provide certain sick pay and family medical leave benefits to eligible employees affected by the coronavirus pandemic. The FFCRA requires the federal government to cover the cost of the required benefits on an almost real-time basis via refundable payroll tax credits. While there are still some areas of the new law that lack clarity, we have summarized the currently available guidance regarding required payments and the related payroll tax credits below, along with Q&A and Examples to help your organization digest the technical provisions therein.
On March 18, 2020, the President signed the Families First Coronavirus Response Act (FFCRA) into law. The legislation delivers widespread changes for all employers with less than 500 employees and government employers. Effective Thursday, April 2, and continuing until December 31, 2020, such employers must now provide their employees with certain relief related to the exigencies caused by COVID-19. Relief measures include the following:
Amidst the coronavirus pandemic’s continually developing implications for individuals, nonprofits, and businesses, now is the time to ensure that employees can perform key financial operations functions working remotely… e.g., from their homes. It is also the time for nonprofit organizational leaders to ensure that their online giving operations are fully functional and working well.