There’s a new tax credit for employers who have employees that take paid time off in accordance with the Tax Cuts and Jobs Act. Employers may claim the credit—which is a percentage of the wages (12.5 to 25%) paid to the employees while they are on leave—when the employees are absent for the birth of a child, a serious injury or illness, or other family or medical events.
The credit is only around for a few years, from now until tax year 2019, so claim it while you can, or talk to us for more specific information.