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Three Important IRS And SSA Notifications

Posted on September 20, 2021

The Internal Revenue Service’s new feature allows any family to easily update their mailing address for their Child Tax Credit Payments. Any family can easily have their October check and all future checks sent to their new address by using the Child Tax Credit Update Portal to make an address change request. To have the change take effect in October, people need to complete the request before midnight Eastern Time on Thursday, September 30th. Families can still make changes after that date, b…

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Employers could defer certain employees’ Social Security taxes from September 1, 2020, to December 31, 2020. This applied to employees paid less than $4,000 every two weeks, or an equivalent amount for other pay periods, with each pay period considered separately. The period during which employers must withhold and pay applicable taxes was postponed from April 30, 2021, to December 31, 2021. As a result, any associated interest, penalties, and additions to tax for late payment of any applicable …

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Virtually every business is experiencing difficulties in recruiting qualified candidates and retaining quality employees. Instead of spending an outrageous amount of money recruiting a depleted workforce, spending time to improve efficiencies and the work environment can go a long way towards better retention and recruitment success.

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