The “American Rescue Plan”—What Does It Mean for Staffing Firms?
Recorded On: 04/30/2021
Staffing firms could face major cost increases under the sweeping $1.9 trillion economic stimulus package which President Biden signed into law March 11. The plan re-enacts the Families First Coronavirus Response Act, expands the reasons for FFCRA paid sick leave, extends its related tax credits, and increases the length of paid family and medical leave. It also extends federal unemployment insurance benefits and expands eligibility for premium tax subsidies under the Affordable Care Act, which could increase tax penalties for some staffing firms. Find out what’s at stake for your company.
Presenter: Brandon C. Roman, Esq., senior associate, Squire Patton Boggs
Brandon C. Román, Esq.
Squire Patton Boggs
Román advises a wide array of domestic and international clients, including banks, nonbank financial institutions, financial market utilities, trade associations, and multinational corporations, on a variety of financial services and tax issues. He assists clients in developing comprehensive strategies to further their legislative and regulatory interests before Congress, relevant congressional committees, and various regulatory agencies. He also assists various nonprofit organizations with their corporate formation, including assistance with obtaining tax-exempt status with the Internal Revenue Service and state-level tax regulators, as well as advises nonprofit organizations on corporate governance and compliance issues. Román is a member of the advisory committee of the Squire Patton Boggs Foundation, which promotes the role of public service and pro-bono work in the practice of law and the development of public policy.