It's crucial to be aware of cyberthreats to your business. Crooks keep looking for new ways to fool finance pros into giving them access to company data and money. Inc.com reports a study from security platform provider CyberCatch found three…
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Your company may benefit from the temporary 100% business deduction for food or beverages from restaurants, and A/P and Payroll hold key information that can help. By way of reminder, the Taxpayer Certainty and Disaster Relief Act of 2020 bumped…
When the Dept. of Labor (DOL) announced plans to update the salary level requirements for who’s exempt from overtime, that caused concern for some businesses. In fact, 110 associations and other groups representing employers sent the DOL a letter. They…
After your team wraps up its current year-end responsibilities, make sure EEO-1 reporting gets placed near the top of its to-do list. Reason: The EEOC has announced the 2021 EEO-1 Component 1 report will be due May 17, 2022 --…
Several natural disasters have translated into federal disaster tax relief for employers in seven states. IRS has pushed back both filing and payment deadlines. First, for businesses hit hard by Hurricane Ida last summer, the Taxman recently handed out an…
A happier biz traveler is often a more compliant biz traveler! This new ranking of airline performance can help. If you’re looking to help your company’s road warriors have a smoother experience on the road, try telling them which airlines…
An audit can be stressful and costly, especially if problems surface. One construction and carpentry company recently found that out firsthand, when an audit revealed a fringe benefits shortfall. In Raines v. Builders Alliance Inc., under the terms of a…
Now that IRS has released Form 940 for 2021, employers can begin preparing their federal unemployment tax returns. Employers have until Jan. 31, 2022 to file the form and deposit or pay any FUTA tax due. For 2021, there’s only…
Interest rates will remain the same for the first quarter of 2022 as they were in the last quarter of 2021, IRS recently announced. That means, as of Jan. 1, 2022, the rates remain: 2% for corporate overpayments0.5% for the…
In November, the employee retention credit (ERC) ended suddenly and retroactively. As a result, employers that'd already reduced their employment tax deposits or received advance payments of the credit for the fourth quarter of 2021 faced uncertainty. Although the American…
Your team has just received more than an extra month to get one critical year-end return into employees’ hands. IRS just announced proposed regulations to grant an automatic extension for employee copies of Forms 1095-B and 1095-C. Those forms would…
Termination pay is riddled with potential problems, as a recent federal district court case shows. In Garcia v. Wal-Mart, an employee clocked in for work and a few minutes later was called into a meeting with his supervisor where he…
