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…
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 …
Business travel is back. With the hope that the pandemic is winding down, live conferences, training, and business development mean that travel may once again become part of your business operations. Domestic travel rules are far more stable than International travel but still present issues you need to know.
Twenty-five states are ending their participation in the federal unemployment programs beginning June 12th, almost three months before their official expiration on September 6th.
The American Rescue Plan Act of 2021 (ARP) allows employers to claim refundable tax credits that reimburse them for the cost of providing paid sick and family leave to their employees due to COVID-19, including leave taken by employees to receive or recover from COVID-19 vaccinations.
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.
What happens next with the Covid Relief Bill and when can Americans start to see another stimulus check, plus other relief for small businesses.
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
Employers may file new Form 7200, Advance Payment of Employer Credits Due to COVID-19 Coronavirus, to obtain advances of employment taxes that are refundable as a result of the new tax credits.