Employers, this one’s for you. After withholding payroll taxes from your employees’ wages (and contributing the employer share), you need to deposit the taxes with the IRS. But that’s not all—you must also report the taxes on either Form 944 or 941. So, what’s the difference between Form 944 vs. 941?Read More Form 944 vs. 941: Which Should You Use to Report Payroll Taxes?
As a small business owner, you may have a lot of questions about FMLA, starting with, What is FMLA? To help you better understand FMLA and your roles and responsibilities as an employer, here are the basics of the law, eligibility requirements, and how to remain compliant as an employer.Read More What Is FMLA? The Rundown You Need to Know as a Small Business Owner
The American Rescue Plan, signed into law March 11, 2021, extends paid leave tax credits to employers who voluntarily choose to provide COVID-19 paid sick and family leave. FFCRA paid leave benefits are no longer mandatory. But, employers who voluntarily continue providing the paid leave to employees can claim the FFCRA tax credit until September […]Read More Coronavirus Payroll Tax Credits for Employers
The American Rescue Plan was signed into law on March 11, 2021. This article was updated to include information about EITC changes under the new plan. If you have a low- or moderate-income worker, they may be eligible for the earned income tax credit (EITC). Read on to learn all about the earned income credit, […]Read More What Is the Earned Income Tax Credit, and How Does it Work?
Businesses big and small have changed up operations due to federal and state coronavirus-related mandates. One thing small businesses can do is offer paid leave to employees impacted by the coronavirus disease (COVID-19).Read More Coronavirus Paid Leave: Q&A for Employers
ERC extension alert! The American Rescue Plan (signed into law on March 11, 2021) expands and extends the Employee Retention Credit. This article was updated to include information about ERC changes under the new plan. Due to the coronavirus negatively affecting businesses nationwide, there are a number of coronavirus payroll tax credits available to help […]Read More What Is the Employee Retention Credit, and How Does It Work for Employers?
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?Read More The Scoop on the California Paid Sick Leave Law
Want to avoid breaking labor laws? Then you need to pay employees according to federal, state, or local minimum wage law. But if you have tipped employees, you might be able to pay a lower, tipped minimum wage.Read More Can You Pay That?! Federal and State Tipped Minimum Wage Rates
Employees have money on their minds. Only 19% of employees are comfortable with their rate of pay. And, 54% say they would leave their job to make more money elsewhere. To avoid losing your top employees, you might consider offering pay raises. Learn about criteria for raises, when to give salary raises, and how to […]Read More Want to Show Employees the Money? Here’s How to Calculate a Raise
With loan forgiveness on the line, you probably didn’t apply for a Paycheck Protection Program (PPP) loan for the low-interest rate of 1%. So, you got the loan. Now, you want to know how to get your PPP loan forgiveness.Read More PPP Loan Forgiveness: How to Get Your PPP Loan Forgiven