ThomsonReuters

MAY 19, 2022

QUESTION: We understand there is a small employer exception to COBRA for employers with fewer than 20 employees. ANSWER: A group health plan is not subject to COBRA for any year if all employers maintaining the plan together employed fewer than 20 employees on a typical business day during the preceding year.

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ThomsonReuters

JULY 7, 2021

In general, the federal income tax, Social Security tax, FUTA tax, Medicare tax, and Additional Medicare tax are considered employment or payroll taxes. These two federal laws contained payroll-related provisions aimed at helping employers and employees during the pandemic. COBRA Premium Assistance Credit. Payroll tax relief.

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ThomsonReuters

FEBRUARY 28, 2022

Highlight: The IRS Form 941 is one of the most important payroll-related tax returns used by businesses to report employment taxes, including federal income tax withholding, Social Security tax, Medicare tax, and Additional Medicare tax. Stay up to date on Form 941 changes with a payroll resource guide. What is the IRS Form 941?

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ThomsonReuters

JUNE 14, 2021

The IRS has posted a June 2021 draft version of the Form 941 , Employer’s Quarterly Federal Tax Return, instructions that take into account the amended and expanded coronavirus (COVID-19) pandemic tax credits and the new COBRA premium assistance credit from the American Rescue Plan Act (ARPA). Cap reached for H-1B visas.

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ThomsonReuters

MARCH 15, 2021

Now, let’s take a look at this past week in payroll and go over a few of the more interesting stories buzzing about in the industry. The legislation comes with another stimulus payment and a number of other provisions that are payroll-related. The first quarter of 2021 is nearly finished. Federal News. On March 11, 2021, the U.S.

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ThomsonReuters

JUNE 28, 2021

Although it is possible to automate payroll systems to account for these minimum wage increases, it is a good idea for payroll professionals to be aware of these changes to avoid the possibility of underpaying employees. Now let’s go over some federal and state payroll stories from the past week. Federal News.

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ThomsonReuters

AUGUST 2, 2021

Now let’s go over some of the more important payroll stories from the past week. . Another round of guidance for COBRA premium credit. The IRS has issued a second round of guidance on the COBRA premium credit from the American Rescue Plan Act (ARPA) provision. Federal News . DOL to rescind 2020 joint employer rule.

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