Many payroll-related forms of relief to employers in response to the coronavirus outbreak were enacted through the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which President Donald Trump signed into law March 27.
The payroll provisions of the CARES Act followed up on payroll provisions enacted by another coronavirus-related stimulus bill, the Families First Coronavirus Response Act (FFCRA), which President Trump signed March 18.
The CARES Act established a program for qualifying employers to acquire a forgivable loan to cover payroll costs, established a payroll tax credit for retaining employees and continuing to pay them compensation, delayed the due ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.