Personal Use of Company Car
AccuPay has assisted our clients for many years with calculating and reporting “personal use of a company vehicle” taxable compensation to employees. We believe that employers should calculate and report…
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Quarterbacking Your 401K Plan
401K plans are complex and require that all the various service providers to the plan be “on the same page”. These “qualified” plans, along with 403b and 457 government plans,…
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New Hire Tax Credits – WOTC Quiz
Recent federal tax law extended the Work Opportunity Tax Credit (WOTC) through the end of 2025. This is great news for businesses which generally hire low wage/high turnover positions to…
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Start 2022 Off Right – Check Your Withholdings!
One way your employees can get the new tax year off to a good start is by checking their federal income tax withholding. They can do this using the Tax…
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S-CORP’S DON’T BLOW THIS!
Special rules must be followed so that 2% or more “S” corporation shareholder-employees can deduct health insurance premiums covering the shareholder, his/her spouse and dependents. IRS Notice 2008-1 permits tax…
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Heads Up – Deferred FICA Tax Due Soon
Section 2302 of the March 2020 CARES Act provided many stimulus opportunities to employers, one of which was the option for all employers to defer/postpone the payment of the employer…
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IRS Refunds for New Employers 2020/2021
A little known component of the Employee Retention Tax credit provisions, as modified by the American Rescue Plan Act, is that “recovery startup businesses” qualify for employee tax credits during…
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Review Your 2021 Tax Targets
Now is an excellent time for both employees and employers to make sure they will reach their payroll, tax and financial objectives for calendar year 2021. The following items should…
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ERC Tax Credit Money – Take this Quick Quiz!
We have talked to many employers who are not aware that they qualify for the employee retention tax credit (ERC). The original CARES Act legislation provided that an employer could…
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Tax Credits – Vaccine, Tests and COVID PTO
The American Rescue Plan Act (ARPA), signed by President Biden on March 11, 2021, extended the previous FFCRA tax credits for COVID sick/leave paid time off, and also added some…
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