Published On Sep 9, 2022
#payroll #taxcredit #cpa #businesstips
Are you a business owner? Do you offer full Paid Sick Days to your employees? If the answer is “yes” then you’re eligible to get free money from the IRS! Yes, you heard that right! Under Section 45S of the Internal Revenue Code, if you provide time off for FMLA-type reasons but are not subject to the Family Medical Leave Act itself, you are eligible to claim a tax credit, which is equal to up to 25% of the wages you pay to the qualifying employees while they are on leave.
If you would like to learn more about IRC Section 45S as well as other payroll information visit our website at GetPayroll.com and check out our blog. Thanks for listening.
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IRC Section 45S
https://www.law.cornell.edu/uscode/te...
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