The IRS has issued W-2 Form-related instructions to employers on how to report the amount of qualified sick leave wages and qualified family leave wages paid to employees under the Families First Coronavirus Response Act. The law generally requires employers with fewer than 500 employees to provide paid leave under certain circumstances. The purpose of IRS Notice 2020-54 is to supply information for self-employed individuals who also receive compensation as employees, however, its requirements apply to all employers. Read the Notice here. Contact us if you need help applying the requirements to your workplace. © 2020
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Jul