Work With Your Payroll Provider to Pay Deferred Taxes
Many of the relief measures passed by the federal government in the beginning of the COVID-19 pandemic are still relevant to employers. For example, under the Coronavirus, Aid, Relief, &
Many of the relief measures passed by the federal government in the beginning of the COVID-19 pandemic are still relevant to employers. For example, under the Coronavirus, Aid, Relief, &
Many people are more concerned about their 2020 tax bills right now than they are about their 2021 tax situations. That is understandable because your 2020 individual tax return is
A number of tax-related limits that affect businesses are annually indexed for inflation and many have increased for 2021. Some stayed the same due to low inflation, and the deduction
In response to the COVID-19 pandemic, the federal government enacted legislation that includes deferral of the employer’s portion of Social Security tax. The IRS then significantly revised Form 941-X, ‘Adjusted
If your small business is planning for payroll next year, be aware that the ‘Social Security wage base’ is increasing. The Social Security Administration recently announced that the maximum earnings
As you are probably aware, President Trump signed an executive memorandum on August 8 creating a payroll tax deferral. The development has brought with it much uncertainty regarding administrative compliance
The IRS has provided guidance to employers regarding the recent presidential action to allow employers to defer the withholding, deposit, and payment of certain payroll tax obligations. The three-page guidance
On August 8, President Trump signed four executive actions, including a Presidential Memorandum to defer the employee’s portion of Social Security taxes for some people. These actions were taken in