PPP and ERC Updates and Planning
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PPP loans and Employee Retention Credits have both had numerous changes since they were originally enacted into law by the CARES Act on March 27, 2020. The purpose of this…
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HOW TO READ YOUR 2020 W-2
Years ago, W-2 forms were fairly straight-forward, reporting wages paid to your employees along with tax withholdings. The days of simple W-2’s are long gone! Wages reported in boxes 1, 3…
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PPP/Tax Credits – Practical Advice for You
We recently wrote a PayDay with our first observations on the new pandemic stimulus law. We suggest that you read our previous PayDay for some basic information about PPP loans,…
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More PPP Cash – Less Tax
The COVID relief stimulus bill, titled “Consolidated Appropriations Act 2021 (hereafter CAA), was signed into law the evening of Sunday, December 27, 2020. The CAA contains several provisions which will…
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Unemployment – Taxes, Fraud and Merit Rates
The purpose of this PayDay is to alert our clients and readers to various developments, letters and procedures which are “new in 2020” pertaining to employers subject to the Indiana…
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1099-NEC Form for Contractors/Freelancers
The Internal Revenue Service developed a brand new, 2020, Form 1099-NEC, which is to be used to report payments for services of $600 or more during 2020 to independent contractors…
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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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Indiana County Income Tax – A Quick Guide for Employers
In Indiana, it’s important to review your employees’ county tax withholdings at the beginning of each year to ensure that accurate county taxes are withheld with each payroll. Below is…
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Mid-Year Paycheck Review – Important!
Employers may wish to encourage their employees to review their federal income tax withholdings for 2020, so they do not end up with a negative “tax surprise” when they file…
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PPP Loans – How to Attain Total Forgiveness
AccuPay has been immersed in the Paycheck Protection Program concepts, processes and procedures since the PPP loan program was initiated as part of the CARES Act, enacted into law on…
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