Apr 23, 2021 | Blog Posts
Due to the COVID-19 economic crisis, many employees who lost their jobs or had their hours reduced have also lost their health insurance coverage at a time when access to health services matters the most. As a safety net, the Consolidated Omnibus Budget Reconciliation...
Mar 29, 2021 | Blog Posts
The Consolidated Appropriations Act of 2021 (CAA), signed into law on December 27, 2020, significantly enhanced and extended the Employee Retention Credit (ERC), providing further federal financial relief to businesses impacted by the pandemic. The ERC is a refundable...
Mar 16, 2021 | Articles, Blog Posts, Resources
The Covid-19 pandemic has brought many challenges. Along with those challenges are newly imposed restrictions that have impacted the auditing profession. From reduced in-person interactions and client-site visits, the landscape has shifted dramatically – in how...
Nov 17, 2020 | Blog Posts
With the passing of the October 15th deadline, tax season has finally ended. October 15th is not just the extended deadline for taxes to be filled. It is also the extended deadline for Form 5500 to be filed for retirement plans, and if the plan is a “large plan”, an...
Nov 17, 2020 | Blog Posts
When it comes to the various types of employee compensation, small business employers may find it difficult to determine what to tax and what not to tax on their employees’ paychecks. While everyone knows that compensation in the form of gross wages, commissions, and...
Nov 17, 2020 | Blog Posts
With the election occurring a few weeks ago, there are many aspects that everyone should consider. His new tax plan is likely to come in the wake of Democratic candidate Joe Biden’s win. The proposed changes can be a little difficult to figure out, so we have...
Jun 30, 2020 | Blog Posts
As we round out the second quarter, which has been an interesting quarter to say the least, you or your payroll provider will be looking at a new quarterly Form 941 to report your federal payroll taxes to the IRS. There are 18 added lines + an additional worksheet in...
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