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Notices from the IRS are enough to stop you in your tracks. If you receive what is known as a lock-in letter, you need to take action. Don’t panic, though. Lock-in letters are easy to resolve and prevent in the future. Keep reading to learn more about lock-in letters, what they mean, and what you […]
Read More You Received a Lock-in Letter—Now What?
New York began offering coronavirus paid leave in response to the COVID-19 pandemic in 2020. The New York State Department of Labor (NYS DOL) updated and expanded New York COVID leave guidelines in January 2021. If you’re an employer in New York, read on to learn more about the state’s COVID leave expansion.
Read More The Rundown on New York COVID Leave for Employers
The U.S. Department of Labor (DOL) ended its Payroll Audit Independent Determination (PAID) program on January 29, 2021. And if you participated in the program, you may have a lot of questions. So, what does the end of the PAID program mean for you and your business?
Read More Department of Labor Ends PAID Program: What This Means for Your Small Business
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
Coronavirus payroll tax credits are no longer in effect. Congress passed the Infrastructure Investment and Jobs Act, which President Biden signed on November 15, 2021. The new expiration date of the ERTC is September 30, 2021 for most businesses. Paid leave credits expired on September 30, 2021. One of the coronavirus small business relief measures […]
Read More Coronavirus Payroll Tax Credits for Employers
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
Businesses could apply for a Paycheck Protection Program loan through May 31, 2021. As of June 1, 2021, the SBA is no longer accepting PPP loan applications. And, Congress passed the Infrastructure Investment and Jobs Act, which President Biden signed on November 15, 2021. The new expiration date of the ERTC is September 30, 2021 […]
Read More PPP Loan vs. Employee Retention Credit: Why Not Both?
As an employer, you know you have to pay certain taxes, like unemployment taxes. But you may be wondering, Do employees pay into unemployment insurance? Get the scoop on whether or not your employees need to pay into unemployment.
Read More Do Employees Pay Into Unemployment?
As an employer, it’s your responsibility to collect, file, and deposit payroll taxes with the proper agencies (e.g., IRS). Depending on your payroll and tax liability amount, you may need to deposit taxes more frequently. If you tend to have a heftier payroll, you need to learn about the Next-Day Deposit Rule.
Read More Do You Have to Follow the IRS Next-Day Deposit Rule?
