New 25% Tax Credit for Your Small Business

Take Action Today for Your Tax Credit

Offer full paid sick days to your employees? You are now entitled to a tax credit of up to 25% of the wages paid.

25% Tax Credit on FMLA for Small Business

Sound too good to be true? Yes! But, it is true. As of December 31, 2017, you are now entitled to a tax credit – not a tax deduction – for all PTO days your employees take. It’s called Section 45S Employer Credit for Paid Family and Medical Leave.

Per the IRS, “Internal Revenue Code Section 45S provides a tax credit for employers who provide paid family and medical leave to their employees. Eligible employers may claim the credit, which is equal to a percentage of wages they pay to qualifying employees while they’re on family and medical leave.”

For your tax credit, get all the information you need, how to apply it to your business to receive the credit and two customizable Word documents that you can start using today at your company.

Take Action to Receive Your Tax Credit

 

 

 

Interested in learning more about GetPayroll services? 

Are you shopping for new payroll services? Schedule a demo to see if GetPayroll is right for your business.

If you are a current GetPayroll customer (yay!), take a look at some of our new services that may help streamline your business operations.

 

Charles Read, CPA, USTCP, IRSAC
Charles Read, CPA, USTCP, IRSAC
President/CEO GetPayroll
Find me on LinkedIn

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