An employer who wants to attract and retain their top performers is increasingly motivated to provide a better work environment than a lot of small businesses in the same industry. One of the best things a small business can do for their team is offer a more flexible work schedule, especially when it comes to…
Employee Retention Credit in 2022 is Expiring The Employee Retention Tax Credit (ERTC) has helped families and businesses retain skilled workers in the past and will continue to be an important tax expenditure in the future. This is why the Paying Employers coalition calls on Congress to extend the ERTC for at least another decade…
Employee Retention credits can often be helpful in retaining a certain percentage of a business’ staff, so it is not uncommon for employers to seek to obtain them from the state in which they do business. This can provide some economic relief to businesses in their current fiscal situation, but can also help businesses in…
What is ERC? Employee Retention Credit or ERC is a tax deduction, available to U.S. employees in the form of a tax credit against the Social Security payroll tax. The Credit was first introduced in 1992, in the “Tax Reform Act Of 1992”. The ERC is in the form of a deduction, payable in the…
For the last few years, the US federal government has operated under temporary funding bills which extend funding through the summer months while members of Congress go to work on the budget and work out a long-term deal to fund the government. These temporary funding bills have been common for several years now, as Congress…
The W-2 electronic filing rules and related guidance published by the Internal Revenue Service (IRS) in January, 2015 have made it easier for managers to electronically distribute a W-2 tax form to their employees. Specifically, managers can electronically distribute a W-2 tax form to their employees without taking the time to issue a paper copy…
