The Internal Revenue Code (IRC) allows taxpayers to claim a business deduction for expenses arising from the qualified use of all or part of a residence, as long as...
Until recently, employers in only a handful of industries had to provide significant reporting on COVID-19 transmission in the workplace. But as of May 26, new...
Congress recently passed legislation to loosen some of the restrictions that came with the popular Payroll Protection Program; the president signed it into law on...
Employers and workers would all like a simple set of rules that describe how the pandemic affects the workers' compensation system. However, the system is very much...
For most employers, paid leave is a core benefit due to its essential role in attracting and recruiting talent. As noted in a 2019 report by SHRM, 62% of full-time...
The SBA released the PPP Loan Forgiveness Application Apply for PPP loan forgiveness through your SBA lender – please contact your lender for clarification on...
Health consequences aside, pandemics can wreak havoc on businesses, upending supply chains and employment models around the world. To help curb the spread of...
Employers may require employees to use leave prior paid leave under the Families First Coronavirus Response Act (FFCRA) When the FFCRA first came about, the...
Partnerships are considered pass-through entities by the IRS — they are not separate from their owners. All profits and losses pass through the business to the partners; each pays taxes on his or her share of the profits or deducts his or her share of the losses on individual income tax returns.
Form W-4 helps employers determine how much federal income tax to take out of their employees' wages. On the form, employees state their withholding conditions, such as filing status, number of allowances and any additional amount they want withheld.
The IRS is encouraging taxpayers to make sure they're well-informed about their tax situation as the filing deadline approaches. The key topics include special steps related to charitable contributions, economic impact payments and advance child tax credit payments.