How should I let my employees know we had to temporarily close our doors due to COVID-19? It is always best practice to give your employees as much notice as possible given the situation. If you are closing your doors …
IRS Delays Tax Filing and Payment Deadlines to July 15 for all Taxpayers
IRS delays tax filing and payment deadlines to July 15 for all taxpayers ________________________________________ The Treasury Department and the IRS are providing special tax filing and payment relief to individuals and businesses in response to the COVID-19 outbreak. The 2019 …
Are You Prepared for A Remote Workforce?
As most employers are discovering with the unprecedented disruption caused by the Coronavirus, we should prepare for changing work environments. What we are learning from the COVID-19 pandemic can be applied to other work disruption events such as wildfires, weather …
WHAT EVERY BUSINESS SHOULD KNOW ABOUT SURVIVING COVID-19
We are trying to extend our help in the following areas to all of our clients with the rising uncertainty surrounding COVID-19: • Cash flow planning • Breakeven point analysis • Assisting with cost cutting strategies • Support with applying …
CORE 24- We Are Rolling Out an Exciting NEW Program to Help With Business Ownership!
CORE 24 is an engaging e-learning program for anyone who wishes to advance their business knowledge. It’s “Entrepreneurship in a box”. 24 essential interactive business concepts (called “cores”) for business success. Nuggets of wisdom from experienced professionals and business owners. …
2020 Revised Form W4 – Are You Ready?
When you hire an employee who starts in 2020, you must give them the newly designed Form W-4, which is less complex, more transparent, and makes it easier for your employees’ withholding to match their tax liability. The new form …
Regulations on Charitable Contributions
The Internal Revenue Service issued final regulations that require taxpayers to reduce their charitable contribution deductions by the amount of any state or local tax credits they receive or expect to receive in return. The IRS also stated that taxpayers …
IRS Reminds Taxpayers to Adjust Tax Withholding
This is a good time of year to review your payroll withholding to make sure you are on track with regards to your 2019 income taxes and having the correct amount withheld or paid in with estimated payments. A Paycheck …
What Are the Rules for Paying an Employee Who is Leaving?
We know turnover can be difficult. We have your back when it comes to getting that final paycheck cut and promise to make the process easy. If you are interested in learning more about our payroll services, please feel free …
Don’t Mess with the IRS!
While some tax obligations come with safety valves, such as the option of filing for an extension on income tax returns, there is no leeway with payroll taxes. If you file your reports or make withholding deposits late, the meter …