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track payroll

Now more than ever, carefully track payroll records

The subject of payroll records has been top-of-mind for business owners this year. The COVID-19 pandemic triggered economic changes that caused considerable fluctuations in the size of many companies’ workforces. Employees have been laid off,…
Steer clear of the Trust Fund Recovery Penalty

Steer clear of the Trust Fund Recovery Penalty

If you own or manage a business with employees, you may be at risk for a severe tax penalty. It’s called the “Trust Fund Recovery Penalty” because it applies to the Social Security and income taxes required to be withheld by a business…
unemployment benefits

Your Unemployment Benefits Will be Taxed

The economic impact of the COVID-19 has been enormous.  Some estimates suggest over 30 million Americans have filed for unemployment benefits as a result of this economic impact. Normally when applying for unemployment, you would be eligible…
protecting-important-data-in-a-work-from-home -world

Protecting Data in a Work from Home World

In true American spirit, companies nationwide have quickly adapted to the rapid spread of COVID-19 and transitioned employees to a work from home (WFH) model; but are they protecting data in a work-from-home world? This approach is critical…
tax penalty relief

Answers to your questions about 2020 individual taxes

Right now, you may be more concerned about your 2019 tax bill than you are about your 2020 tax situation. That’s understandable because your 2019 individual tax return is due to be filed in less than three months. However, it’s a good…