At West Center, we’re always on the lookout for ways to help our small business community. So we were excited to read the following article that was published on the Society for Human Resource Management website in April 2021. As the state reopens, getting our communities fully vaccinated is top of mind!

Learn more from the IRS or…. call us at 707.964.7571 if you need assistance with this tax credit program.

Small Businesses Can Get a Tax Credit for Providing Vaccination Paid Leave
By Allen Smith, J.D., and Lisa Nagele-Piazza, J.D., SHRM-SCP; April 21, 2021

 To encourage more widespread vaccinations, President Joe Biden highlighted a paid-leave tax credit for employers that provide full pay for employees who take time off to get and recover from a COVID-19 vaccination. The tax credit is available to organizations with fewer than 500 employees, covers up to $511 per day for each vaccinated employee.

The tax credit is funded through an existing program under the American Rescue Plan that provides tax credits to eligible employers that voluntarily provide paid leave for certain COVID-19-related reasons through Sept. 30.

Administration officials cited talks with businesses along with polling that showed employees would be highly persuaded to get vaccinated if their employers provided access to a shot, reported Axios.

According to recent Society for Human Resource Management (SHRM) research, 11 percent of employed Americans say they would consider getting the vaccine if their employer offered up to $150, and 21 percent would consider getting the vaccine if offered more than $150.

“Tens of thousands of lives saved so far,” tweeted Andy Slavitt, the White House’s senior advisor for COVID-19 response. “Now we must reach everyone 16 and over.”

The White House created this form and is asking employers, including SHRM members, to share how they are stepping up to support COVID-19 vaccinations. 

“As businesses navigate how to safely reopen physical worksites, COVID-19 vaccinations are top of mind for employers and HR professionals across the country. SHRM looks forward to partnering with the administration to reach HR professionals and employers in this important work. We encourage HR professionals to share how you are supporting your workforce and workplace in this vaccination process,” said Emily M. Dickens, chief of staff, head of government affairs and corporate secretary.  

Call us at 707.964.7571 if you need assistance with this tax credit program.