Navigating the Impact of COVID-19 Part 1: The FFCRA – Recording
We know life is a little chaotic right now; we’re here to help.
If you didn’t have a chance to tune in for our webinar this morning, detailing the recently passed Families First Coronavirus Response Act, we’re supplying a recording for all Diversified clients.
In the part one of our ongoing Navigating the Impact of COVID-19 webinar series, Compliance Director, Stacy Barrow—Partner at Marathas Barrow Weatherhead Lent LLP—covers the specifics from the Families First Coronavirus Response Act (FFCRA) and how the bill will affect employees and businesses alike.
Why Families First Coronavirus Response Act (FFCRA) is important to you:
- It “requires certain employers to provide their employees with paid sick leave or expanded family and medical leave for specified reasons related to COVID-19.” 
- Covered employers qualify for dollar-for-dollar reimbursement through tax credits for all qualifying wages paid under the FFCRA.
- There will be penalties and enforcement for employers in violation of this Act.
- The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) amends FFCRA and will be addressed in our Part 2 webinar.
As businesses everywhere try to plan around the dramatically shifting economy, this bill can help us weather the storm. Please join us in this opportunity to learn how to plan around this information.