delay payroll taxes

Boost Your Cash: Delay Payroll Taxes by 2 Years

You may be able to delay payroll taxes by 2 years. Under the CARES Act, employer-side Social Security payroll tax payments may be delayed until January 1, 2021, with 50 percent owed on December 31, 2021 and the other half owed on December 31,…
payroll tax credit

Utilize the Payroll Tax Credit under the CARES act

Employers are eligible for business tax provisions like the payroll tax credit under the CARES Act. This includes a 50 percent refundable payroll tax credit on qualified wages [up to $10,000] with respect to each employee during the crisis.…
tax credits

7 Valuable Tax Credits for Small Businesses

Many people are familiar with tax credits for individual taxpayers, such as the credits for higher education expenses or the child tax credit. But businesses and business owners also may be eligible for some valuable credits that can lower…
COVID-19-related business risks

How to Manage COVID-19-Related Business Risks

The coronavirus (COVID-19) outbreak has had a crippling effect on the global economy. This is clearly uncharted territory. As millions around the globe do their best to minimize their exposure to the virus, business owners and managers face…
HR policy

COVID-19 Pandemic Poses Complex HR Policy Questions

Questions from employers and employees about coronavirus (COVID-19) pandemic are multiplying almost as fast as the virus itself. Employers need to rely on a combination of authoritative legal and medical advice, and their own common sense, to…
COVID-19 related scams

COVID-19 Related Scams to Avoid Like the Virus

Crisis brings out the best - and worst - in people. Some dishonest people have already turned the coronavirus (COVID-19) pandemic to their advantage by preying on unsuspecting victims and exploiting their fears. You should be aware of COVID-19…
CARES act

COVID-19 Relief: Overview of the New CARES Act

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020. In addition to giving people access to health care treatments, the new law will provide roughly $2 trillion in much-needed financial relief…
employees 401k contributions

Know your Options for Employees' 401(k) Contributions

Here's what to know before scaling back or eliminating employees' 401(k) contributions: The coronavirus (COVID-19) pandemic has had adverse effects on many industries. Both employers and employees are seeking ways to respond to financial stress…
business interest deduction

New Law Relaxes the Limit on Business Interest Deductions

The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides roughly $2 trillion of much-needed financial relief, including tax relief, to individuals and businesses. This relief is in response to the coronavirus (COVID-19) pandemic.…