Click here to download an Excel file to help you better understand the financial impact upon your practice.
(NOTE: the message board links in the file require a VIN Membership to access. Nonmembers, send feedback.)
There is much confusion and concern about employers needing to pay for COVID related employee leave.
The NEW LAW provides 100% reimbursement via tax credits and IRS direct payments for all the leave expenses you incur.
The attached EXCEL file will help you better understand the financial impact upon your practice.
BEFORE considering laying off their staff to avoid a possible cash flow crunch, run your numbers. You may be very pleasantly surprised.
It's simple to use. All you need to know is:
- Your total monthly W2 payroll for ALL EMPLOYEES (the total, not any individual employee's wages)
- The salary or hourly wage of any employee who may claim the paid leave benefit.