The Internal Revenue Service issued guidance for employers claiming the Employee Retention Credit under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) modified by the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (Relief Act).
With the pandemic continuing to affect business worldwide, remote work has become not only a necessity but a productive, flexible, and empowering way to work. Companies are having to decide how to incorporate remote work into their new normal for the long-term.
Several Sources Say Progress With Vaccination Gives Hope The Economy Will Continue To Improve
Comments, surveys, and expert opinions agree that the continued progress of vaccinations is giving the small business community encouragement that their prospects for the near future are improving.
State and Federal agencies frequently make changes to the reports businesses are required to complete, and 2021 is poised to be a record-setting year. From brand new reports like the California Pay Data Report, changes to the most commonly filed reports like the 941, to the myriad of State form updates, Aatrix’s Forms Division is continually releasing new and updated forms.
California’s Pay Data Reporting requires all private-sector employers with 100 or more employees, with at least one employee in California, to report pay and hours worked by employees by race, ethnicity, and sex in ten different job categories to the Department of Fair Employment and Housing (“DFEH”).
The Legislature noted that hidden bias exists and is encouraging self-assessment of pay disparities along gendered, racial, and ethnic lines to encourage voluntary compliance with equal pay and …