IRS Update on ERC Tax Credit Claims
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The IRS updated information about pending ERC tax credit claims on June 20th in IR-2024-169. Highlights are that the IRS will resume processing of “low risk” pending ERC claims “later…
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Don’t Forget! – Year-End To Do List for HR and Payroll
The end of 2021 is quickly approaching. As with 2020, COVID-related policies and regulations impacted payroll and HR in 2021, adding some additional year-end considerations. To help payroll and HR…
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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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PPP and ERC Updates and Planning
PPP loans and Employee Retention Credits have both had numerous changes since they were originally enacted into law by the CARES Act on March 27, 2020.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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ERC Tax Credits – Big Deal for Employers
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…
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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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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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PPP Loan Forgiveness – New Forms & More Owner Costs!
The SBA/Treasury released 2 new loan forgiveness forms this week, along with instructions and a new “interim final rule.” The “upshot” of these SBA releases is that “owner-employees, self-employed individuals/independent…
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PPP Loan Forgiveness – New and Improved!
The Paycheck Protection Program Flexibility Act (PPP Flex) was signed into law on June 5, 2020, and makes significant enhancements in the ability of small employers to obtain forgiveness of…
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