We would like to make you aware of tax credits that are available to eligible employers that pay sick and family leave to their employees for COVID-19 vaccinations. The tax credit could be worth $511 per day for COVID-19 vaccines and or recovery from any side effects of the shot. The total credit is up to $5110 for eligible employers. The credit is available for a limited time between April 1st and September 30th 2021. We have provided some helpful links below with details about the tax credit from the IRS and the White House.
The Basics of PTO Explained
PTO or Paid Time Off is a system of allocating time off benefits under a single type. Instead of having a program that incorporates different leave types such as Vacation, Sick Time or Personal Time there is a single type called PTO that an employee can use at their discretion. For example, in a traditional program an employee might get 10 vacation days, 5 sick days and 3 personal days. In a combined PTO program, the employee would get 18 days that could be used for vacation, sick or personal.
First and foremost, we hope that everyone is staying safe and healthy during the COVID-19 pandemic.
We are excited to share some of the new features that we recently added to Time Off Cloud! The features are all based on the great feedback that you have provided.
Time Off Cloud is offering assistance to companies impacted by COVID-19
The CDC has advised that people who are sick and showing COVID-19 symptoms should stay home from work to avoid potentially spreading COVID-19 to others.
We are pleased to announce a major release of Time Off Cloud is now available! Firstly, this update includes a Visual Org Chart Builder with Simplified Position and Shift Management. In addition, the new Leave Program Editor has been enhanced.
Over the past few weeks, we have been rolling out new functionality to select customers. Two examples are significant Accrual Year Enhancements (Rollover Modes) and a new Payroll Export Report. Today, we made this new functionality available for all customers.