The Impact of Families First Coronavirus Response Act (FFCRA)
In an effort to ease financial burdens related to the nation’s response to the COVID-19 outbreak, Congress passed H.R. 6201 – The Families First Coronavirus Response Act (FFCRA). The Act has far-reaching implications for the thousands of small and mid-sized businesses serving as the economic engine for the Nation, as well as the millions of employees who work for such companies.
Our team of payroll and employment compliance experts are working diligently to track the main components of the Act, ensure all relevant policy requirements are well supported by our products, and share this information with you as the details continue to unfold. To help digest the impact of the FFCRA, we have created a flowchart which represents our current understanding of how the different elements of the Act will work, as well as the triggers and actions that need to occur to remain in compliance.
As one of the leading experts in payroll, taxation, and compliance issues, we feel it is our responsibility to help support employers through these challenging times. We have created (and will update) this page in an effort to offer additional resources to our clients. Although the information provided here should not take the place of advice and guidance from your own personal legal and financial teams, we hope this will demystify the legislation and help you better support the needs of your employees.
In addition, Greenshades will be hosting a weekly interactive webinar series where we’ll delve into these evolving workplace issues, as well as take your questions “live” online. Click here for more information and to register for these events.
Please consider this page to be a “living document,” meaning we’ll continue to update and revise as necessary. As such, note the day, date, and time of the last update so you can ensure you’re always referring to the latest version. Last updated 03/25/20 9:46AM EDT