FFCRA - Sick/Family Leave
Find information on your options as an employer to provide paid time off to those who are sick, quarantined and/or caregivers due to COVID-19. Employer is reimbursed via 941 taxes withheld. Max. allowable days have been reset. May now be used to pay employee for time off to get vaccinated and for illness related to the vaccination.
MANDATORY through 12/31/2020
VOLUNTARY through 09/30/2021
Employee Retention Tax Credit
Refundable credit up to $28,000 ($7k/qtr.) per employee taken against payroll tax deposits or advanced by IRS. Sales must be down at least 20% from same quarter in 2019. Can be used with PPP2 but not for the same wages.
Economic Injury Disaster Loan
"Targeted" forgivable emergency advance of up to $10k being offered in 2021. Can be applied for w/ PPP2 if used for different expenses. SBA will contact those who are in the low-income targeted areas who previously received advances or had applied and funds were no longer available. Must prove 30% reduction in sales for 8-week period that began 3/2/2020, or later.