The IRS issued Notice 2021-65 providing penalty relief to employers regarding the early repeal of the Employee Retention Credit, and guidance regarding the rules applicable to recovery startup businesses, for the fourth quarter of 2021.
Under the new infrastructure law, wages paid after September 30 are ineligible for the Employee Retention Credit. Employers also will receive no relief from potential penalties they may incur due to the early repeal of the credit.
The US Department of Labor has provided employers with help regarding time-sensitive notice requirements related to the COBRA subsidies established by the American Rescue Plan Act.
Congress has passed the sweeping $1.9 trillion COVID-19 relief bill and sent it to the White House for President Biden to sign.
The IRS has issued guidance on how to implement President Trump's payroll tax deferral Memorandum, but the guidance leaves employers with many unanswered questions.
President Trump has issued an executive order for a payroll tax holiday to provide financial relief to employees affected by the COVID-19 crisis. However, many payroll experts are advising employers not to take action until further information is available.
President Donald Trump signed the Paycheck Protection Program Flexibility Act of 2020, which modifies provisions related to the forgiveness of loans to small employers under the PPP.
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) aims to help employers keep workers on their payrolls, through tax credits and other measures, during the ongoing COVID-19 crisis.
The IRS and DOL announced that small and midsize employers will be able to begin claiming two new refundable payroll tax credits designed to immediately and fully reimburse the cost of providing COVID-19-related leave to their employees.
Millions of US workers will be entitled to paid leave for the first time under a coronavirus emergency relief law signed last night by President Trump.
News: HR guidance on compliance with payroll taxes, including income taxes, Social Security and Medicare (FICA) taxes, and unemployment, disability and workers' compensation insurance taxes.
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