资讯与洞察

Tax Alert: President Signs Stimulus Package with Employee Retention Tax Credit

The $2 trillion stimulus package, referred to as the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), has been signed into law.

As we alerted you to yesterday, the Act includes a refundable employee retention credit of 50% of qualified wages paid during a period of coronavirus impact. Because there are various types of eligible periods of coronavirus impact, and various types of eligible wages (including an employer’s qualified health plan expenses), we look forward to working with our clients to analyze the applicability and utility of this newly enacted tax credit.

Please reach out to your First Advantage Tax Account Consultant, or your company’s tax advisor or legal counsel, to discuss the ongoing tax-related impacts of coronavirus.

About First Advantage

在整个招聘过程中,全球领先的人力资源团队选择首优咨询完成背景调查、身份验证、安全评估和合规审批。我们一贯力求实现技术与人员之间的平衡,以创新助您智慧招聘,迅捷上岗。

全心全意,以人为本

首优咨询致力于环境、社会和公司治理举措优化,以提升工作环境。

现已发布!

2024年趋势报告揭示行业洞察