Learn what you must know about payroll reports. Knowing which critical payroll reports to aid staying on budget, and which payroll reports you need to ask your state and local governments about. Some payroll reports have changed because of COVID-19, know the changes.
Aatrix was named Company Of The Year in the most recent publication of CFO Tech Magazine. The award features Aatrix’s comprehensive approach to OEM payroll tax reports and payments which has been integrated into over 60 of the most popular payroll solutions in the US.
The Employee Retention Credit (IRS 7200 Form) is a refundable tax credit against certain employment taxes. Eligible employers can get immediate access to the credit by reducing employment tax deposits they are otherwise required to make. Also, if the employer's employment tax deposits are not sufficient to cover the credit, the employer may get an advance payment from the IRS.
The Families First Coronavirus Response Act provides that employees of covered employers are eligible for one of three different provisions.The FFCRA requires certain employers to provide employees with paid sick leave or expanded family and medical leave for specified reasons related to COVID-19
The IRS has now published a revised Form 941 to be used for the rest of 2020. The new form includes the changes made by the Families First Coronavirus Response Act and the Coronavirus Aid, Relief, and Economic Security Act that added various types of payroll tax relief.