Added to federal tax law by the 2020 Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and further expanded in 2021, the Employee Retention C redit (ERC) can significantly reduce an employer’s federal employment (payroll) taxes. In addition, ERC generates cash refunds to the e...
This federal tax credit worth up to $10,000 per employee, is intended to keep employees affected by the ongoing COVID-19 pandemic on the payroll even if they are not working during the covered period. To qualify, employers must prove that they either partially or fully suspended operations d...
Originally created to encourage businesses to keep employees on the payroll as they navigate the unprecedented effects of COVID-19. The ERTC was established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, and provides a credit equal to 50 percent of qualified wages and health...
You can manage each of your benefit plans separately or work with professional employer organizations (PEO) or a benefits broker to manage your payroll and benefits administration. You’ll also need to consult with a tax professional to understand all tax implications (including tax credits) related...
One of the biggest hits so far is a savings feature that payroll processor ADP added to its Wisely prepaid debit card and app. Wisely can be used by employers to pay workers as an alternative to checks or direct deposit. The savings feature allows users to set up automatic transfers to a...
In other words, you don’t have to pay any EHTif your annual payroll does not exceed $1 million.While the Ontario government typically adjusts the EHT exemption every five years, the exemption limit was increased by a large figure during the pandemic due to difficulties surrounding COVID-19...
The IRS is urging employers to take advantage of the Employee Retention Tax Credit which has been extended and increased through 2021.
Federal, state and local tax administration Payroll processing - time and expense, pay and reporting Distribution of W2s Ongoing engagement throughout each worker's assignment Off-boarding & redeployment Virtual Hiring Success Story COVID-19 has impacted virtually all businesses. For one our of our...
To sign up for Square Payroll in Massachusetts, you must be registered with the Massachusetts Department of Revenue (DOR) and Massachusetts Department of Unemployment Assistance (DUA) so we can pay and file your state taxes.For Massachusetts Department of Revenue (DOR), you need your: ...
About Massachusetts employer tax informationWith Square, you can run payroll, pay your taxes and stay ahead of the compliance to focus on running your business. This guide is intended for your state taxes only. It’s important to note that laws vary by jurisdiction, and this guide does not ...