Explanation of the Changes to The Employee Retention Tax Credit in The New COVID Relief BillThe Employee Retention Credit (ERC) of 2020 has been extended to 2021. This article gives a concise explanation of those changes to The Employee Retention Tax Credit in the new COVID Relief Bill. ...
Federal Stimulus Package and the New PPP ChangesNews of a Federal Stimulus Package and changes to the PPP is now official, offering some new financial relief tools to business, individuals, and specific sectors.The State of California also offered new information and gateways to financial resources through the State. ...
According to Gallup, the number of days employees are working remotely has doubled during the pandemic. Some companies are even considering making a remote work arrangement permanent. While there are no laws that exclusively apply to remote workplaces, remote work does come with additional compliance risks. Below is our ...
What do the codes in Box 12 on my W-2 mean?This article focuses on what the codes in Box 12 on Form W-2 mean. Reading your Form W-2 can be tricky and knowing what these Box 12 codes on the W-2 mean is very important. This article is ...
How to read your W-2 Form This is a guide on how to read your W-2 form. Preparing W-2 forms for filing with the Social Security Administration can be tricky. This article will help: Employer seeking to fill out the forms correctly. Employees trying to understand the numbers ...
Temporary Employee Tax Deferral The temporary employee tax deferral program is as a result of a Presidential memorandum. On August 8th, President Trump directed the Treasury Secretary to use his authority to defer the withholding, deposit and payment of employees’ portions of Social Security taxes from September 1 ...
​Statutory Employees ​vs. ​Statutory Non-Employees?: Know the Difference ​In the workforce, classifications are important — especially when it comes to taxes. But not all classifications are easily identified. For instance, as an employer you may be wondering ​​how to identify statutory employees ​vs statutory non-employees. ​ Unfortunately, the ...
California Minimum Wage and Employment Law Changes for 2019 As usual, the California legislature and various city councils had a busy year regulating the world’s fifth largest economy. Included below are both state and city minimum wage increases as well as summaries of the laws that impact the ...
Payroll Services for the Beauty Industry GuideThis comprehensive guide to payroll services for the beauty industry is designed to help owners of barbershops, nail studios, hair salons, spas and massage parlors understand the ins-and-outs of payroll requirements.Additionally, you can also turn to this guide for insights on setting ...
​2018 Withholding Tables Now AvailableTaxpayers Could See Paycheck Changes by FebruaryThis article first appeared on the IRS website: www.irs.gov.The updated 2018 withholding tables now available. Net pay will change.WASHINGTON — The Internal Revenue Service has released Notice 1036, which updates the income-tax withholding tables for 2018 reflecting changes ...
California eFile and ePay MandateIn August 2015 California Governor Jerry Brown signed Assembly Bill 1245, for the California efile and epay mandate. This bill mandates the electronic submission of employment tax returns, wage reports, and payroll tax deposits with the Employment Development Department (EDD). It is expected to ...
How to make payroll profitable [for CPA firms]Ever wonder how to make payroll profitable? Well if you're the proud owner of a CPA firm, that's probably crossed your mind more than once. And to be fair, payroll, to many CPA firms is a complementary product that just happens to ...