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Top 20 Searches of 2021 on Payroll on Checkpoint

ThomsonReuters

The top payroll related searches for 2021. Payroll practitioners and employers alike continue to be challenged by the unique issues that COVID-19 has imposed on payroll administration. Payroll on Checkpoint has analyzed the searches of our subscribers to create this Top 20 list of topics in the forefront in 2021.

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Congress Passes ARPA With Many COVID-19 Payroll-Related Provisions

ThomsonReuters

The American Rescue Plan Act of 2021 (ARPA) extends and expands provisions found in the Families First Coronavirus Relief Act (FFCRA), Coronavirus Aid, Relief and Economic Security (CARES) Act, and the Consolidated Appropriations Act, 2021 (CAA, 2021). Background. Paid Sick and Family Leave Credits.

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What is IRS Form 941?

ThomsonReuters

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. When do businesses need to file Form 941? What is the IRS Form 941?

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Advising clients to file Form 941-X for missed COVID-19 relief credits.

ThomsonReuters

Looking back at the last two years and the sprinter’s pace at which COVID-19 payroll tax credit relief was enacted, payroll accountants have earned a well-deserved pat on the back! But as the dust settles on those prior 2020–2021 Form 941 payroll tax returns, undoubtedly credits were missed, and mistakes were made.

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Details on the Latest Notice on the Employee Retention Credit

ThomsonReuters

Established under the Coronavirus Aid, Relief and Economic Security (CARES) Act , the ERC was due to expire on December 31, 2020. . The Consolidated Appropriations Act (CAA) of 2021, extended the ERC through June 30, 2021.?The The American Rescue Plan Act (ARPA) extends the ERC from June 30, 2021,? ARPA also:

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How CAA affects 2020 returns

ThomsonReuters

The Consolidated Appropriations Act, 2021 (CAA; PL 116-260), contained numerous tax provisions. Here’s a rundown of what you need to know about the CAA as you prepare 2020 business and individual tax returns. Amendments to CARES Act Economic Impact Payment Rules. Amendments to CARES Act Economic Impact Payment Rules.

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Last Week in Payroll: Summertime Tax Tips

ThomsonReuters

On June 3, 2021, White House Coronavirus Response Coordinator Jeffery Zients noted that some 63% of adult Americans have received at least one coronavirus (COVID-19) vaccine and 52% of the nation’s adults are fully vaccinated. Let’s go over a few summertime tax tips for payroll professionals this season: 1) Interns.

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