Many small to mid-sized businesses are eligible under the existing employee retention credit (ERC) for a 70% tax credit for wages paid to employees through the end of 2021. However,
Continue Reading Possible Early End to Employee Retention Tax Credit Could Mean Trouble for Businesses Monetizing Credit Before End of 4th Quarter
The Coronavirus Disease 2019 (COVID-19) stimulus package signed into law by President Trump on Dec. 27 contains significant enhancements to the employee retention tax credit enacted under the CARES Act.
Continue Reading Employee Retention Tax Credit Enhanced and Extended by COVID-19 Stimulus Package
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which was signed into law on March 27, 2020, contains a tax credit to encourage companies to continue paying employees
Continue Reading Employee Retention Tax Credit for Employers Under the CARES Act
A provision in the Tax Cuts and Jobs Tax Act will increase the “after-tax cost” for companies to settle “sexual harassment” or “sexual abuse” claims if they wish to maintain
A bill that would simplify state income tax compliance for employers when they send employees on temporary assignment to another state passed the House on Sept. 21. Many state government
Continue Reading Bill to Simplify State Tax Withholding on Mobile Workers Passes House
The IRS has recently made it easier for businesses to participate in its worker classification voluntary compliance program, which allows a company that has been misclassifying workers as independent contractors
Continue Reading IRS Expands Voluntary Worker Classification Compliance Program
The Second Circuit recently ruled that the fraudulent acts of an employer’s accountant in filing payroll tax returns resulted in an open-ended statute of limitations, which allowed the IRS to
Continue Reading Payroll Tax Fraud by Accountant Keeps Employer’s Statute of Limitations Open