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The Consolidated Appropriations Act, including the Taxpayer Certainty and Disaster Relief Act 2020 (collectively, the “Act”) was signed into law on December 27, 2020. The Act expands prior COVID-19 relief and includes new assistance for employers and employees coping with the ongoing crisis.
Paid Sick and Family Leave Mandate and Credits Extension. The Families First Coronavirus Response Act (“FFCRA”) requires employers to provide paid Family and Medical Leave Act leave and sick leave to certain employees who are unable to work due to the COVID-19 pandemic. Employers who provide FFCRA paid leave are eligible for refundable credits against employment taxes. The FFCRA mandate and credits were to expire at the end of 2020. The Act extends the paid leave credits through March 31, 2021, but not the mandate.
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Blackburn Supports Governor’s Disaster Declaration for Christmas Day Bombing
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Politics |
Nashville, TN – U.S. Senator Marsha Blackburn (R-Tenn.) has urged support of Tennessee Governor Bill Lee’s request for a major disaster declaration as a result of the intentional explosion in Nashville.
“Tennesseans are so grateful for the tremendous law enforcement resources dedicated to solving this horrendous and cowardly attack. This has been a trying year for Nashville, but we are strong and we will recover,” said Senator Blackburn. “I am urging President Trump to declare a major disaster declaration to provide all necessary federal resources to help Nashville’s recovery and support the small business owners that have already been hurting from the pandemic.”
Blackburn Supports Governor’s Disaster Declaration for Christmas Day Bombing
Nashville, TN – U.S. Senator Marsha Blackburn (R-Tenn.) has urged support of Tennessee Governor Bill Lee’s request for a major disaster declaration as a result of the intentional explosion in Nashville.
“Tennesseans are so grateful for the tremendous law enforcement resources dedicated to solving this horrendous and cowardly attack. This has been a trying year for Nashville, but we are strong and we will recover,” said Senator Blackburn. “I am urging President Trump to declare a major disaster declaration to provide all necessary federal resources to help Nashville’s recovery and support the small business owners that have already been hurting from the pandemic.”
Congress unveils 2020 energy tax extenders lexology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lexology.com Daily Mail and Mail on Sunday newspapers.
A small section of Tuesday s spending bill will help some employers avoid partial plan terminations
December 22, 2020 2 MINS
Small businesses that have laid off or furloughed workers this year may have one less worry, at least when it comes to their retirement plans, thanks to an emergency measure approved Monday by Congress.
Retirement savings provisions are scant in the Taxpayer Certainty and Disaster Relief Act, which is attached to the 2021 appropriations bill. But a short section of the legislation gives plan sponsors an extra three months of breathing room to avoid the consequences of partial plan terminations.
Normally, a reduction of 20% or more in a firm’s head count in a year can trigger partial plan terminations. In such cases, an employer must pay the full amount of any matching contributions in the separated employees’ 401(k) accounts, even if those employees were not fully vested at the time they were laid off or furloughed. That can mean