Wed.Mar 10, 2021

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

ThomsonReuters

Background. 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). Paid Sick and Family Leave Credits. Changes under ARPA apply to amounts paid with respect to calendar quarters beginning after March 31, 2021.

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National Debt Amount

Withum

According to the National Debt Clock, the total debt as of March 7, 2021 was $28,024,870,801,925.00. You can get the current number by going to [link].

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The Scoop on the California Paid Sick Leave Law

Patriot Software

Some states, like California, require mandatory paid sick leave. The majority of California’s employers must offer paid sick leave to their employees. So, what is the California sick leave law? What is the California paid sick leave law? Paid sick leave is paid time off given to employees for health-related reasons. Through paid sick leave, […] READ MORE.

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Why The Most Successful Businesses Run On Operating Frameworks

GrowthForceBlog

5 min read. If running a business was easy, every business would succeed. Fortunately for your market share, but unfortunately for those aspiring to be successful business leaders, running a business isn't easy. It's an enormous challenge that requires limitless energy, passion, creativity, stamina, and flexibility.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Calculating your Indirect Cost Rate and Its Importance

AccountingDepartment

Identifying, calculating, and managing the numerous costs incurred by a company is a tough task. Most of the attention is put on direct costs. But, it is the indirect cost that can improve management, data tracking, and analysis. Using the right tools and methods, businesses can take control and allocate direct costs the right way for more savings.

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Top 5 Tax Penalties & Interest Payments 2021 (Avoid These)

LyfeAccounting

Avoid Paying Tax Penalties: Here’s How. Delay taxes for a stimulus check? You work hard for your money, s o why would you want to give it away for free? Well, if you want to put yourself at risk of IRS tax penalties in 2021, then you’re doing exactly that. And we’ve been surprised at the number of people who have no idea how tax penalties and tax interest actually work.

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What are CPA Services? And What Kind of Business Needs a CPA?

LyfeAccounting

In this post, we want to provide you with some more clarity on CPA services. Now, CPAs can provide a number of services to small businesses. But no other professional can provide all of the services that CPAs provide. So then… what are CPA services? And what makes them so complicated? Today, we’re going to break this all the way down. What are CPA Services?

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PPP Loan Forgiveness Impact on Overhead Rate

Withum

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Steve Padgett’s Third Stimulus Package Update

SkagitCountyTaxServices

Well, it doesn’t look as if the minimum wage increase is happening. But all kinds of other interesting nuggets are inside the Senate version of the third stimulus package, the “American Rescue Plan” (i.e. the Biden stimulus). Now, portions of unemployment are NOT taxable (when previously they had been); the actual stimulus payments have a very steep phaseout (between 150 and 160 K per year in a married filing joint returns situation) and lots of other goodies in there.