The IRS is offering a second chance for employers to give back funds received from improper Employee Retention Credit (“ERC”) claims. What’s more is that the IRS is offering a 15% discount on the amount to be returned, plus a...more
The employee retention tax credit (“ERTC”) has garnered a lot of “buzz” lately – both from the IRS and businesses who have either received the credit or are seeking the credit. The buzz is well deserved, as the IRS has...more
The IRS announced that it has extended certain tax return and payment deadlines for those impacted by the Texas winter storms. Texas residents and businesses now have until June 15 to file federal tax returns and make tax...more
Payroll Tax Relief Under CARES Act, FFCRA, and Executive Order -
While the Coronavirus Aid, Relief, and Economic Security (CARES) Act permitted employers to defer depositing the portion of the FICA taxes the employer pays...more
8/12/2020
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Affordable Care Act ,
Benefit Plan Sponsors ,
CARES Act ,
Contraceptive Coverage Mandate ,
Defined Benefit Plans ,
Employee Benefits ,
Employee Contributions ,
Employer Group Health Plans ,
Employment Tax ,
Executive Orders ,
Families First Coronavirus Response Act (FFCRA) ,
FICA Taxes ,
Health Plan Sponsors ,
IRA Rollovers ,
IRS ,
Medical Leave ,
Payroll Taxes ,
Pension Funds ,
Pensions ,
Retirement Plan ,
Safe Harbors ,
Sick Leave ,
Tax Relief ,
Wage and Hour
The IRS has issued Notice 2020-18, permitting taxpayers to delay until July 15, 2020, the filing of federal income tax returns and the payment of federal income taxes that would otherwise be due April 15, 2020.
Federal...more