Colorado voters approved Proposition 118 in November of 2020, paving the way for a state-run Family and Medical Leave Insurance (FAMLI) program. FAMLI will allow small employers in Colorado to facilitate access to paid time off to their employees when they need to care for a family member. This is crucial for small businesses and their employees and a welcomed initiative in Colorado.
Many small businesses struggle to afford benefits like paid family and medical leave on their own. Learn about state-run programs that are helping to facilitate access to paid leave without placing a burden on your bottom line.
The American Rescue Plan provides assistance in the form of tax credits to small employers who provide paid time off to employees for situations related to COVID-19 vaccination or illness. Small business owners may claim these credits on their quarterly taxes, but the deadline to file is just around the corner.