The IRS issued final regulations that dramatically lower the mandatory threshold for electronic filing of information returns, such as Forms W-2, 1099, 1094 and 1095.
This resource will help an employer properly complete Form 941-X, Adjusted Employer's QUARTERLY Tax Return or Claim for Refund, and related worksheets, to retroactively claim or adjust a previously filed COVID-19-related payroll tax credit, including the Employee Retention Credit, the credit for providing paid sick and family leave and health benefits to employees under the Families First Coronavirus Response Act, and the credit for providing the 100% COBRA subsidy to employees during the pandemic.
New federal, state and local employment laws will take effect on January 1, 2022, covering topics such as minimum wage, discrimination, employee leaves, payroll and health care benefits. Employers should review these developments and make any needed updates to policies and procedures.
HR and legal considerations for employers regarding depositing and reporting of withheld payroll taxes. Support on following laws and regulations regarding this topic.
Depositing and Reporting Withheld Taxes: Key items
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