Overall the unemployment situation continues to recover from the pandemic-related levels. The unemployment rate has edged down to 6% which is down considerably from its high in April 2020.
IRS Provides Guidance for Employers Claiming the Employee Retention Credit for First Two Quarters of 2021
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).
Aatrix Anticipates A Record Number Of Changes To Payroll Reporting In 2021
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.
Vaccines Boost Optimism For Economic Growth In 2021
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.
Four Ways The New World of Remote Work May Impact Your Workforce
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.
What Does The Newest Covid Relief Bill Entail?
What happens next with the Covid Relief Bill and when can Americans start to see another stimulus check, plus other relief for small businesses.
Why New Hire Reporting is Important
New Hire Reporting is the process by employers to report this information on newly hired employees to a designated state agency shortly after the date of hire. Businesses are required to report taxes and wages to varying federal and state agencies and employers have a legal obligation to report new hires to the appropriate state agency within 20 days of hire.
What You Should Know About The New California Payroll Data Report
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 …
W-4’s Simplified: 5 Easy Steps For Employees
After significant changes to the W-4 in 2020, the IRS made very few changes to the 2021 W-4. The redesign attempts to make it easier for employees to understand and complete the form. Learn more about these changes.
Changes Are Coming For ACA In 2021
Learn how these changes will affect employers payroll reporting at both the state and federal level.
