Money received from the government usually comes with a catch. Coronavirus stimulus benefits come with a few that may surprise some that receive it. But there are some differences in what’s taxable and what’s not. Unemployment Benefits Are Taxable Unemployed workers who accept unemployment benefits should not be surprised this money is considered taxable income.…
Running a small business is undoubtedly tough – especially during a pandemic. While managing payroll and compliance may not be the most glamourous part of entrepreneurship, it does have an enormous impact on your business. So, for that reason, we want to share why payroll processing doesn’t have to be painful and bust 10 common…
“It’s hard to find good work these days”. Well, it may be getting easier. A recent “Business Conditions Survey”, indicates that Covid-19 helped reduce the skilled worker shortage. The findings are based on a survey of 104 NABE (National Association for Business Economics) members. It shows that 16% reported skilled labor shortages. Compare that to an…
This past weekend marked the end of some major benefits created to ease the financial strain on Americans during the coronavirus pandemic. Below is a breakdown of the benefits we bid farewell to – along with what’s being proposed to replace them as Congress announces a new stimulus package today. Enhanced Unemployment Benefits Ends This weekend saw…
So, like most people these days, you’ve been working from home. But you’re wondering if all the hours you’ve worked, including off-hours and overtime, qualify as “paid” time? Well, you’re in luck! The U.S. Department of Labor (DOL) has issued guidance for both workers and employers on rights and responsibilities under federal leave, wage, and…
Congress returned to Washington after a two-week break. Now, ten days remain before the end of the month and key provisions of the CARES Act set to expire. Furthermore, only three weeks are left before Congress takes its next recess in August. So, if anything gets done, it’ll need to get done fast! 2nd Stimulus…
It’s here! The last phase in the march toward recovery from the pandemic that just 90 days ago killed hundreds and infected thousands in New York City each day. Much of the outlining areas of the state have been in Phase 4 for weeks now, but getting to Phase 4 in a city as large…
Over the last several months the pandemic has forced HR departments to pivot in ways it never has before. As the economy enters this “new normal”, many HR professionals are re-evaluating their strategies and agendas. We are now seeing priorities shift and a more focused approach to some key items which we highlight below. Ensuring…
After a three-month extension, the tax deadline is nearly here! We’ve recapped some important COVID-19 related federal tax relief measures small business owners need to know about ahead of the new 7/15 deadline. Postponed federal tax payment deadlines Individual taxpayers can defer until July 15 federal income tax payments that would otherwise be due on…
Periodically, businesses of all sizes receive IRS tax notices. So, when you do – don’t panic! We’ve launched a new platform feature allowing users to conveniently upload a notice (even child support orders), directly to our platform. Once uploaded, our in-house team will review it and guide you on any necessary steps to take. In…
