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What Employers and Employees Need to Know About the Payroll Tax Deferral

Netchex HR Blog

There has been a great deal of uncertainty in recent weeks surrounding President Trump’s Memorandum on payroll taxes issued earlier this month (on August 8). Here’s a brief look at what we now know and what we still need to find out about the payroll tax deferral: What are payroll taxes?

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How the SECURE 2.0 Act of 2022 benefits your workplace

Insperity

government passed a significant piece of legislation: the SECURE 2.0 The SECURE 2.0 For many reasons, employees’ financial wellness – of which sufficient retirement savings are a critical component – is very important to a business’s long-term success. The SECURE 2.0 Major highlights of the SECURE 2.0

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COVID-19 Fallout Creates Lingering Problems for Payroll

DailyPay

Payroll issues created by the pandemic in 2020 are continuing into 2021 for those in the payroll trenches, like Gerard Hall, CPP, senior manager of payroll operations at CBIZ, a Roanoke, Virginia-based HR and payroll service provider. Well, now you can.”. Both ended Dec. Okay, why is this happening as of September 1st?

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FAQs for PEO Clients on Paycheck Protection Program Loans

ScaleHRO

Note: This blog was originally written and published on 4/20/20 with content furnished by NAPEO but has been updated and re-written internally. The Coronavirus Aid, Relief, and Economic Security Act, also known as the “CARES Act,” was signed into legislation in Spring of 2020. Given its complexity, we decided to provide some.

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Tax Relief Measures to Know Ahead of the July 15 Deadline

FingerCheck

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. Same goes for federal income tax payments.

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Navigating Process and Policy Changes Related to COVID-19

Workday

A retail industry customer faced a situation where law enforcement officials were sending its employees home because they could not prove they worked for an essential services business. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) is major legislation affecting companies in the United States.

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Decoding Your W2 Forms | Part 2: Boxes 10 through 20

Zenefits

While tax forms and laws continue to evolve, the W2 form is one piece of the process that has stayed relatively consistent. Nonqualified Deferral Distribution – This box is used to report distributions to an employee from a nonqualified deferral plan or nongovernmental section 457(b) plan.