Employers Reporting 2021 FFCRA Leave

On September 7th, 2021, the IRS issued Notice 2021-53 which provided guidance for employers on how to report sick and family leave wages for leave taken under the Families First Coronavirus Relief Act (FFCRA). Employers who claim tax credits for leave wages under relevant legislation need to report qualified 2021 …

PPE Equipment Treated as Deductible Medical Expenses

A recent announcement from the Internal Revenue Service (IRS) clarifies that amounts paid for personal protective equipment (PPE) by taxpayers, such as face masks, hand sanitizer and sanitizing wipes used for the primary purpose of preventing the spread of COVID-19, are to be treated as deductible medical expenses. Therefore, amounts …