payroll - Accountant Advocate

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

ThomsonReuters

MARCH 10, 2021

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. Unemployment Provisions.

payroll

payroll payroll tax Tax Non-Profits

Treasury’s On-Demand Pay Proposal Shows IRS’s Concern with Constructive Receipt, Says Tax Services Director

ThomsonReuters

MAY 3, 2023

In the payroll industry, such arrangements are generally referred to as earned wage access or EWA. For more than a decade, this type of early pay program has become a more popular benefit offering by employers to their workers as a financial wellbeing tool.

Construction

Construction tax services Tax payroll

Webinars

Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

MORE WEBINARS

Last Week in Payroll: Keeping Up with Taxes

ThomsonReuters

MARCH 22, 2021

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?

payroll

payroll Tax Arkansas Texas

What Is the Employee Retention Tax Credit and Who Can Apply for It?

inDinero Tax Tips

JANUARY 3, 2023

The purpose of the employee retention tax credit (ERC) was to encourage employers to keep employees on the payroll due to the effects of the coronavirus outbreak. Even if your business qualified for the Paycheck Protection Program (PPP) first or second draw loans, your business may still qualify for the employee retention tax credit.

Tax

Tax payroll tax tax return payroll

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

ThomsonReuters

APRIL 12, 2022

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.

payroll tax

payroll tax payroll tax return Tax

What Is the Employee Retention Tax Credit and Who Can Apply for It?

inDinero Tax Tips

JANUARY 3, 2023

The purpose of the employee retention tax credit (ERC) was to encourage employers to keep employees on the payroll due to the effects of the coronavirus outbreak. Even if your business qualified for the Paycheck Protection Program (PPP) first or second draw loans, your business may still qualify for the employee retention tax credit.

Tax

Tax payroll tax tax return payroll

Last Week in Payroll: The Ides of March

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. Paycheck Protection Program (PPP) modifications allocating an additional $7.25

payroll

payroll Connecticut Massachusetts income tax

Last Week in Payroll: Localization of Work

ThomsonReuters

JUNE 14, 2021

Department of Labor (DOL) issued Unemployment Insurance Program Letter (UIPL) 20-04 to state workforce agencies regarding the localization of work provisions. During the coronavirus (COVID-19) pandemic, many employees began working remotely. The H-2B temporary non-agricultural worker program is designed to serve U.S.

payroll

payroll Missouri Virginia Delaware

Last Week in Payroll: Summertime Tax Tips

ThomsonReuters

JUNE 10, 2021

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.

payroll

payroll Vermont Tax Connecticut

How CAA affects 2020 returns

ThomsonReuters

FEBRUARY 10, 2021

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act, PL 116-136), enacted in the spring of 2020, provided for direct payments/rebates to certain individual taxpayers. In addition, the payments are protected from bank garnishment or levy by private creditors or debt collectors. Paycheck Protection Program (PPP).

Tax

Tax tax return payroll Education

A Run Through of the Payroll-Related Provisions of the Latest COVID-19 Law

ThomsonReuters

DECEMBER 29, 2020

The law includes a number of payroll-related provisions aimed at helping employers and workers close out 2020 and begin 2021. The editors of the Thomson Reuters Checkpoint payroll news team feel it would not be too bold to write that 2020 has been a challenging one. Extension of Certain Deferred Payroll Taxes.

payroll

payroll Non-Profits Agriculture payroll tax

SBA’s PPP Direct Forgiveness Portal for Small Borrowers Opens August 4; Releases Related Rules

ThomsonReuters

JULY 28, 2021

Small Business Administration (SBA) has released details on a Direct Forgiveness portal that allows borrowers with Paycheck Protection Program (PPP) loans of $150,000 and under to submit their forgiveness applications on the SBA’s web portal. 21-58, 7/28/2021 ]. . 21-58, 7/28/2021 ]. . Interim final rules.

payroll

payroll Tax Account accountant

Thomson Reuters Relaunches Employee Retention Credit Tool

ThomsonReuters

JANUARY 20, 2021

Under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the Employee Retention Credit (ERC) provides a refundable payroll tax credit for 50% of qualified wages of up to $10,000 per employee for a maximum credit of $5,000 per employee. Background. Employee retention tool.

payroll tax

payroll tax payroll Tax Government

Restaurants, Cybersecurity And Government Stimulus Top This Week’s News

PYMNTS

OCTOBER 9, 2020

6) that he would be in favor of another round of $1,200 direct checks to Americans, billions to meet the payroll of air carriers up to March and a Paycheck Protection Program extension. President Donald Trump wrote in a pair of tweets on Tuesday (Oct. Square Capital Chief to Step Down .

Government

Government payroll Gaming Retail

Last Week in Payroll: Payroll in a Pandemic

ThomsonReuters

FEBRUARY 22, 2021

The first recorded use of the word “payroll” appeared around 1740 A.D. Over time, payroll has become much more than just paying wages to employees. Benefits and pensions are payroll-related and some human-resource-related duties also involve payroll. Payroll in a Pandemic.

payroll

payroll Montana Wisconsin Tax

The New Year Brings Fresh Uncertainty for U.S. Business Tax Professionals

ThomsonReuters

DECEMBER 14, 2020

Three COVID-19 relief bills enacted in 2020 had wide-ranging tax implications for companies, Oaks noted—the CARES Act, the Families First Coronavirus Response Act, and the Paycheck Protection Program Flexibility Act. Business Tax Professionals appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

business tax

business tax Tax Montana New Hampshire

Last Week in Payroll: In Like a Lion; Out Like a Lamb

ThomsonReuters

MARCH 1, 2021

This makes a business’s payroll department very important since it is typically an employer’s greatest expense. And arguably the most important (and challenging) time to be a payroll professional, is during the period known as “year-end.” This can make March an interesting month for payroll professionals. Federal News.

payroll

payroll Tax Virginia Texas

Accountant Advocate

Top 20 Searches of 2021 on Payroll on Checkpoint

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

Webinars

Trending Sources

Treasury’s On-Demand Pay Proposal Shows IRS’s Concern with Constructive Receipt, Says Tax Services Director

Webinars

Last Week in Payroll: Keeping Up with Taxes

What Is the Employee Retention Tax Credit and Who Can Apply for It?

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

What Is the Employee Retention Tax Credit and Who Can Apply for It?

Last Week in Payroll: The Ides of March

Last Week in Payroll: Localization of Work

Last Week in Payroll: Summertime Tax Tips

How CAA affects 2020 returns

A Run Through of the Payroll-Related Provisions of the Latest COVID-19 Law

SBA’s PPP Direct Forgiveness Portal for Small Borrowers Opens August 4; Releases Related Rules

Thomson Reuters Relaunches Employee Retention Credit Tool

Restaurants, Cybersecurity And Government Stimulus Top This Week’s News

Last Week in Payroll: Payroll in a Pandemic

The New Year Brings Fresh Uncertainty for U.S. Business Tax Professionals

Last Week in Payroll: In Like a Lion; Out Like a Lamb

Stay Connected