By Mike O’Brien bio COVID-19 has ushered in a variety of new, and fast-evolving employment law changes, from the Families First Coronavirus Response Act (FFCRA) to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). EMPLOYEE RETENTION TAX CREDIT:  The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes a tax credit for employers that retain employees during the COVID-19 crisis.  The credit generally provides relief to employers of all sizes in the form of a refundable payroll tax credit of 50% of all “qualified wages” paid (up to $10,000 per employee) during the COVID-19 crisis if (i) operations were fully or partially suspended or subject to a shut-down order; or (ii) gross receipts declined more than 50% compared to the same quarter in the prior year.  Note that for employers with fewer than 100 full-time employees in 2019, all employee wages are “qualified wages,” whether or not the employer’s operations were suspended or subject to a shut-down order or whether gross receipts declined by more than 50%.  For additional details see our legal alert by following this link:  JW Legal Alert: Accessing Tax Credits Under the FFCRA and Cares Act.  Additionally, the IRS has published FAQs, available here:  IRS Tax Credit […]