New Developments – 2/7/22
IRS letters reporting payments received for Advanced Child Credit may not be accurate
Governor Newsom wants to reinstate mandatory paid COVID sick leave for California employers effective Jan 1, 2022. Unlike 2020 and 2021, when a federal tax credit was available to employers to pay for this leave, a federal credit is not available in 2022. Governor Newsom proposes to help employers pay for this program with various “tax benefits”