Some common paid time off (PTO) policy features cause taxable income to unexpected parties at unexpected times. Learn more here.
Bipartisan infrastructure bill passes House with bipartisan vote. President Biden expected to sign by end of next week.
Several provisions would tighten IRA rules for high-income individuals, and some other changes apply regardless of income level.
IRS provides guidance on dependent care assistance program enhancements made due to COVID-19-related legislation.
Notice 2021-20 clarifies retroactive changes made to ERTC and PPP interaction and incorporates several previous frequently asked questions.
The Employee Retention Credit provides liquidity benefits for many businesses and was significantly expanded for 2020 and 2021.
Employers can add flexibility to their health flexible spending accounts and dependent care assistance programs per Notice 2021-15.
Taxpayers should familiarize with Biden’s plan, remain vigilant for developments and position themselves to act at the appropriate times.
The Employee Retention Tax Credit was significantly expanded by the federal relief and stimulus package finalized Dec. 27, 2020.
Paycheck Protection Program (PPP) loan recipients may now qualify for the employee retention tax credit based on new legislation signed.
The Act does not lengthen CARES Act COVID plan relief, but offers relief for non-COVID disasters, partial terminations and pension plans.
Last minute negotiations pave way for Congress to pass second major COVID-19 stimulus package with tax law changes and tax extenders.
IRS guidance on the 15% maximum on automatic contributions, 401(k) and 403(b) plan safe harbor requirements, and plan loan offset rollovers.
Employers may wish to pay Social Security taxes deferred under the CARES Act before the due date and should consider certain items.