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News Release

March 23, 2020

The U.S. Treasury Department, Internal Revenue Service and the U.S. Department of Labor announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to their employees. The News Release also answers or clarifies some questions regarding the Families First Coronavirus Response Act. See link below:

If you need further assistance in this area, including its implementation or application to employers in Puerto Rico, please contact any of the following members of our firm:

Angel Berberena [email protected] 787.759.4143
Howard Pravda [email protected] 787.759.4101
Vicente Antonetti [email protected] 787.759.4112
Romel Meléndez [email protected] 787.759.4115
Luis Ortiz Abreu [email protected] 787.759.4110
Gabriel Quintero [email protected] 787.759.4130
Javier Vazquez [email protected] 787.759.4113

Disclaimer: Although the information included in this document may concern legal issues, it is not a legal opinion or professional advice and clients shall not use it as such. We assume no responsibility or liability of any kind for any information contained herein, and we expressly disclaim all liability for any claim for damages arising from the use, reference to, or reliance on, such information. If legal or other expert assistance is required, the services of a competent professional should be sought.

Goldman Antonetti & Cordóva, LLC | 787-759-8000 |