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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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Last Week in Payroll: Federal Employment Taxes

ThomsonReuters

Then, in 1935, the Social Security Act was signed into law, which resulted in a tax on both the employer and employee (6.2% In 1965, Medicare was signed into law, which resulted in a tax on both the employer and employee (1.45% each). Credit for Qualified Sick and Family Leave Wages for Leave Taken Before April 1, 2021.

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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. see IRC Sec.

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Last Week in Payroll: Keeping Up with Taxes

ThomsonReuters

For payroll, in particular, there are a number of taxes. A number of those pages will directly affect payroll. It is a resource that offers a sense of security even if the company has its own full payroll department or outsources payroll duties to a third-party provider. Is there interest on the late taxes?

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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. Federal law requires employers to withhold certain taxes from the pay of employees.

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Last Week in Payroll: Localization of Work

ThomsonReuters

The purpose of the UIPL was to update examples of employment situations requiring uniform interpretation of localization of work provisions in state laws and to revise and reissue the interpretation of “ localization of work ” provisions. During the coronavirus (COVID-19) pandemic, many employees began working remotely.

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Last Week in Payroll: The Ides of March

ThomsonReuters

This section was added after the American Jobs Creation Act of 2004 was signed into law and covers compensation arrangements, such as salary and bonus deferral arrangements, severance pay arrangements, taxable reimbursement arrangements, and certain in-kind benefits (i.e., American Rescue Plan Act (ARPA) gets signed into law.

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