Unemployment Fraudsters May Create a Tax Nightmare for Unsuspecting Taxpayers
The Department of Labor has announced that there has been up to $63 billion in improper unemployment payments during COVID-19. Unsuspecting taxpayers could be v
Employee
W-2 or 1099-NEC: Which Form Should Your SMB Use for Which Workers?
Every business must file annual wage reports. But whether to use a W-2 or 1099-NEC depends on which earners are employees & which are independent contractor
Is the Temporary Deferral of Employee Payroll Tax Worth It?
President Trump issued a Presidential Memorandum on August 8, 2020, that directs the Treasury Secretary to use his authority to defer the withholding, deposit a
How States are Reshaping Nexus Laws for Remote Employees Due to COVID-19
Will your COVID-19 work-from-home location affect your taxes? It depends on the state. Here’s a breakdown of how nexus laws evolved during the pandemic.
Big Tax Breaks for Hiring Your Children in the Family Business
With jobs at a premium during the COVID-19 pandemic, you might consider hiring your children to help out in your business. Financially, it makes more sense to k
A Novel Way to Make COVID-19 Relief Donations
On March 13, 2020 the President issued an emergency disaster declaration under the Stafford Act as a result of the coronavirus disease pandemic. The disaster ar
Forced to Return to U.S. From a Foreign Job? IRS Has Provided Time Waivers for Exclusion
The IRS has provided relief for taxpayers who were working abroad and returned to the U.S. because of the COVID-19 pandemic before meeting the foreign residency
Tax Credit Pays for Keeping Employees on Payroll
To help businesses retain employees and keep them employed during the COVID-19 crisis, Congress has provided a refundable employer retention credit available to
Employers Can Defer Payroll Taxes
One of the benefits included in the COVID-19 epidemic stimulus package is the ability for an employer to defer payment of the employer’s share of certain
Unemployed by COVID-19? Special Benefits May Apply to You
The CARES Act includes Pandemic Unemployment Assistance (PUA) provisions that extend and supplement state-provided unemployment insurance and are intended to le