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:
https://www.dol.gov/newsroom/releases/osec/osec20200320

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:

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