Employers should use online portal to fix SSN errors
July 17, 2021
Employers: The Social Security Administration recently made an important announcement about how you should catch and fix employee name and Social Security number errors.
Who in a small business can be hit with the “Trust Fund Recovery Penalty?”
July 14, 2021
The IRS will impose the “Trust Fund Recovery Penalty” on certain business owners and managers personally if employment taxes aren’t paid to the government. Find out if you could be liable.
Is your company ready for agile auditing?
July 12, 2021
The traditional approach to internal audits may be too rigid for the needs of modern businesses. Here’s a more flexible approach that’s growing in popularity.
IRS continues to address COVID-related leave
July 9, 2021
Employers may still be able to claim the paid sick leave or paid family leave tax credits provided under the American Rescue Plan Act. However, you’ll need to substantiate eligibility carefully.
10 facts about the pass-through deduction for qualified business income
July 6, 2021
Owners of “pass-through” businesses can claim a valuable tax deduction that was created by a 2017 law. Here’s how much it’s worth and who is eligible.
Be prepared for 401(k) casualty loss hardship distribution requests
July 2, 2021
Employers: If you sponsor a 401(k) plan, don’t be surprised if a participant requests a hardship distribution to repair home damage. Here’s what you’ll need to do.
