COVID 19 and CARES ACT Archives - AccuPay | Payroll and Tax Services

Vaccine Mandates, Compliance, and Testing – What you Need to Know

December 16, 2021

On September 9, 2021, President Biden announced a series of actions as part of the federal government’s “Path Out of the Pandemic” plan. Among these initiatives were vaccine mandates directed…

Don’t Leave IRS Refunds on the Table – ERC Myths

November 10, 2021

Larry the Payroll Guy

COVID 19 and CARES ACT, Employee Retention Credit, Payroll, Taxes

ERC, ERTC, tax

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AccuPay has been very active in helping our employer-clients obtain employee retention tax credits for both years 2020 and 2021. Employee Retention Tax credits were part of the CARES Act…

Heads Up – Deferred FICA Tax Due Soon

September 8, 2021

Larry the Payroll Guy

COVID 19 and CARES ACT, Payroll, Taxes

Deferred FICA, Employer FICA, Repay FICA

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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…

IRS Refunds for New Employers 2020/2021

July 28, 2021

Larry the Payroll Guy

COVID 19 and CARES ACT, Taxes

Employee Retention Credit, ERC, New Business

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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…

ERC Tax Credit Money – Take this Quick Quiz!

May 26, 2021

Larry the Payroll Guy

COVID 19 and CARES ACT, Employee Retention Credit, Payroll, Taxes, Uncategorized

American Rescue Plan Act, CARES Act, COVID, Employee Retention Credit, Tax Credit

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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…

Tax Credits – Vaccine, Tests and COVID PTO

May 3, 2021

Larry the Payroll Guy

COVID 19 and CARES ACT, Employee Retention Credit, Payroll, Taxes

American Rescue Plan Act, ARPA, COVID, Employee Retention Credit, PTO, Tax Credit

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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…

PPP and ERC Updates and Planning

March 30, 2021

Larry the Payroll Guy

COVID 19 and CARES ACT, Employee Retention Credit, Payroll, Taxes

CARES Act, Consolidated Appropriations Act, Employee Retention Credit, PPP, SBA Loan

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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…

ERC Tax Credits – Big Deal for Employers

February 16, 2021

Larry the Payroll Guy

COVID 19 and CARES ACT, Employee Retention Credit, Payroll, Taxes

CARES Act, Consolidated Appropriations Act, Employee Retention Credit, PPP, SBA Loan

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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…

PPP/Tax Credits – Practical Advice for You

January 15, 2021

Larry the Payroll Guy

COVID 19 and CARES ACT, Employee Retention Credit, Payroll, Taxes

CARES Act, Consolidated Appropriations Act, Employee Retention Credit, PPP, SBA Loan, Stimulus

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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,…

More PPP Cash – Less Tax

January 3, 2021

Larry the Payroll Guy

COVID 19 and CARES ACT, Employee Retention Credit, Payroll, Taxes

CARES Act, Consolidated Appropriations Act, Employee Retention Credit, PPP, SBA Loan, Stimulus

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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…