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…
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…
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…
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…
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…
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…
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…
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…
Every employer, both for profit and non-profit, should determine if they are eligible for “employee retention tax credits” (ERC). AccuPay has been working with employers and their CPA/consulting firms to…