COVID-19

H.R. 6201: Families First Coronavirus Response Act
in COVID-19

H.R. 6201: Families First Coronavirus Response Act

H.R. 6201: Families First Coronavirus Response Act This legislation has now passed both the House and the Senate and has been enacted into law by the President. The effective date is 15 days after enactment: April 2, 2020. Executive Summary This legislation applies only to employers who employ less than 500 employees. This legislation is not retroactive; its provisions will apply beginning 15 days after...

Read More

0
23 Mar 2020
Employers Can Immediately Provide Tax-Free Qualified Disaster Payments to Employees in Connection With COVID-19
in COVID-19

Employers Can Immediately Provide Tax-Free Qualified Disaster Payments to Employees in Connection With COVID-19

Employers Can Immediately Provide Tax-Free Qualified Disaster Payments to Employees in Connection With COVID-19 Employers are scrambling to find ways to help their employees who are impacted by the novel coronavirus (COVID-19). Help is available. Now that the COVID-19 has been declared a national emergency, Internal Revenue Code Section 139 can be used to allow employers to make tax-free payments or reimbursements to employees as...

Read More

0
19 Mar 2020
Federal Aid Package Helps Individuals Affected By COVID-19
in COVID-19

Federal Aid Package Helps Individuals Affected By COVID-19

Federal Aid Package Helps Individuals Affected By COVID-19  The Families First Coronavirus Response Act (H.R. 6201),  became law on March 18, 2020. The Act guarantees free testing for the novel coronavirus (COVID-19), establishes emergency paid sick leave, expands family and medical leave, enhances unemployment insurance, expands food security initiatives, and increases federal Medicaid funding. The Act includes up to 80 hours of emergency paid sick...

Read More

0
19 Mar 2020
Tax Payments Have Been Deferred
in COVID-19

Tax Payments Have Been Deferred

Tax Payments Have Been Deferred As the COVID-19 situation continues to change on a daily basis, abip would like to take some time to inform clients of the relief that the federal government has passed thus far. Below are some common questions we have been receiving and the answers to those questions – as of today’s date. Are Tax Filings Delayed This Year? The individual...

Read More

0
18 Mar 2020