On March 13, 2020, President Trump declared a national emergency under the Robert T. Stafford Disaster Relief and Emergency Assistance Act (the “Declaration”) due to extraordinary circumstances resulting from Coronavirus. This Declaration opens up new methods for employers to provide tax-favored financial assistance to employees who are affected, directly or indirectly, by the virus.
Coronavirus National Emergency Declaration Permits Employers to Offer Tax-Favored Financial Assistance to Employees
By Erika Mayshar and Robert C. Louthian, III on March 16, 2020
Posted In Employee Benefits, Employment, Health and Welfare Plans