New Tax Credit for Paid Family and Medical Leave
Miles Hutchinson is a CGMA and experienced businessman with over 40 years in the field. He has been an auditor with PriceWaterhouseCoopers and the Chief Financial Officer of a one billion dollar real estate development company. Miles is a professional speaker and consultant who has presented over 2,500 seminars and training sessions on a myriad of business and financial topics, like financial analysis and modeling, accounting, strategic planning, and compliance with the Sarbanes-Oxley Act. He is recognized as an expert in payroll and sales & uses tax as well as financial modeling & analysis, business strategy, and communications. He is the author of several useful accounting and tax tools available at www.soxpolicies.com and www.salestaxadvisors.com. His clients include Abbott Labs, Bank of America, Boston Scientific, Citicorp, Corning, the FBI, the FDA, the Federal Reserve, GE, Pfizer, Siemens, US Marine Corps, and the US Army. Please visit his websites to see how you can further benefit from his expertise.
In this practical webinar, you will learn how the Tax Credits and Jobs Act incentivizes paid Family and Medical Leave. We will also discuss the similarities and differences between the FMLA and the new Section 45S. We will provide you with analysis via examples of when leave qualifies for the credit in your 1st and succeeding years of eligibility.
In 1993 the US Congress enacted the Family and Medical Leave Act. In 2017 the TCJA permitted certain paid leave under FMLA to be available for a tax credit. The guidelines are complicated as to employer and employee eligibility. We have the answers to your questions.
Learning Objectives
Upon course completion, you will be able to:
- Describe the new tax credit for paid FMLA
- Explain the requirements for becoming eligible for the credit
- Explain how state and local government benefits relate to the credit
- Explain the transition rules for taking the credit in 2019
- Identify all qualifying employees
- Navigate implementing the appropriate policies required by Section45S
- Comply with the part-time eligibility rules
- Compute the rate of pay qualifying for the credit
- Compute the amount of credit your company is eligible for
- Explain what will disqualify your paid leave from being eligible for the credit
Course Level - All Level
Who Should Attend
- CFOs
- Controllers
- Compliance Managers
- Compliance Officers
- Accounting Managers
- Information Reporting Officers
- Tax Managers
- Bank Managers
- Risk Managers
- Human Resource Managers
- Internal Auditors
- Manufacturing
- Service Providers
- Government agencies
- NGOs
- Other
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$200.00
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