Our recent webinar included the topic of what happens when a business reaches various employee levels. Fifty employees is one of those major thresholds where two major regulations kick in: the Affordable Care Act (ACA) and Applicable Large Employers (ALE), both at 50 full-time equivalent employees and the Family and Medical Leave Act (FMLA), at 50 or more employees for at least 20 weeks per year. This article will delve into the minefield of what FMLA compliance means and how it helps employees balance their work lives with serious family and medical situations. For an employer, FMLA compliance means granting…
Posts tagged as “Medical Leave”
When the Tax Cuts and Jobs Act was signed into law back in December 2017, it included Section 45S to the IRS Code which includes a credit for employers who pay for family and medical leave. The credit is a percentage of the amount of wages paid to a qualifying employee while on leave for up to 12 weeks per taxable year. The minimum percentage is 12.5% and is increased by .25% for each percentage point by which the amount paid to a qualifying employee exceeds 50% of the employee’s wages, with a maximum credit of 25% (for employers that…