PPP/Tax Credits – Practical Advice for You
No Comments
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,…
Read More 
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…
Read More 
The 2021 W-4 – What you Need to Know
As you may recall, the IRS released a brand new form W-4 in 2020. The 2020 update was a complete overhaul to the form that most of us had been…
Read More 
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…
Read More 
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…
Read More 
Preparing for a Smooth Year-End
While most of us can’t wait to say goodbye to 2020, there is still work to do to ensure a smooth year-end. Putting in a little time before your final…
Read More 
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…
Read More 
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…
Read More 
PPP Loans/Tax Holiday Updates
We have written many previous PayDay newsletters about PPP loans and the “payroll tax holiday,” all of which can be found at our website blog. Since a few weeks have…
Read More 
Payroll Tax Holiday – Update
Treasury released “guidance” Friday night to clarify President Trump’s August 8th executive order pertaining to the “deferral of employees FICA tax withholding” during the pay period September 1-December 31, 2020.…
Read More