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Payroll trends to watch in 2022 (Part 2)

ThomsonReuters

Part 2 of this blogpost explains how prevalent payroll is in our daily lives with a focus on key issues in 2022, including unemployment, disaster relief, paid sick leave, and international. This results in employers paying more in FUTA taxes. Virgin Islands is currently the only tax jurisdiction that is a FUTA credit reduction state.

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How are S corporations taxed? Tips for filing and reducing taxes as a pass-through entity

ThomsonReuters

Jump to: How are S corporations taxed? How can S corporations reduce their taxes? How a corporate tax software can help filing S corporation taxes Setting up your business as an S corporation (S corp) provides several tax advantages that are not available to owners of C corporations (C corp) or Limited Liability Companies (LLCs).

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What Illinois Secure Choice Retirement Means for Your Small Business or Non-Profit

Nancy McClelland, LLC

There have been rumblings in the news for quite some time now about small businesses being required to provide retirement plans for their employees — but most owners seem to be turning a deaf ear, presuming that their small size exempts them from the requirement. What Is Illinois Secure Choice?

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What Illinois Secure Choice Retirement Means for Your Small Business or Non-Profit

Nancy McClelland, LLC

There have been rumblings in the news for quite some time now about small businesses being required to provide retirement plans for their employees — but most owners seem to be turning a deaf ear, presuming that their small size exempts them from the requirement. What Is Illinois Secure Choice?

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Details on the Latest Notice on the Employee Retention Credit

ThomsonReuters

On August 4, 2021, the IRS released Notice 2021-49 that provides additional guidance regarding claiming the Employee Retention Credit (ERC) for employers who pay qualified wages after June 30, 2021, and before January 1, 2022 [IR 2021-165,?Notice The Employee Retention Credit is a refundable tax?credit Notice 2021-49].

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What is the Consumer Price Index, and what does it have to do with payroll?

ThomsonReuters

The Consumer Price Index is involved in payroll topics like minimum wage, benefits, and the federal tax brackets. What is the Consumer Price Index? For the purposes of payroll, the CPI is important for topics such as minimum wage and benefits. Recently, the high rate of inflation is a topic of importance and concern.

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Last Week in Payroll: The List and Legality of Employee Vaccination Requirements

ThomsonReuters

The List and Legality of Employee Vaccination Requirements. has caused some states to take executive or legislative actions regarding the COVID-19 vaccine and masks, specifically for some employees. has caused some states to take executive or legislative actions regarding the COVID-19 vaccine and masks, specifically for some employees.

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