Considering offering employee stock options to your key employees to help grow your companies’ market value? Offering stock options give the employee the right to buy up to a specified number of shares of the company’s stock at a future date at a specific price. Generally, options are not immediately vested and must be held …
Employee
Business Relief: The Employee Retention Credit Extended
Employers are seeing some much needed relief now that the the Employee Retention Credit has been extended. The Coronavirus Aid, Relief, and Economic Security (CARES) Act created the Employee Retention Credit for 2020 to help businesses. The credit helps employers retain their workers by keeping them employed during the COVID-19 crisis. As part of the …
Business Relief: The Employee Retention Credit ExtendedRead More
Tax Consequences of Losing Your Job
The tax consequences of losing your job can be overwhelming at an already stressful time. However, knowing what those tax issues are, regardless of how many issues are involved, is key. How you react can profoundly impact your taxes and finances. The following are typical issues related to taxes and loss of employment: Tax Consequences …
Is the Temporary Deferral of Employee Payroll Tax Worth It?
Is the Temporary Deferral of Employee Payroll Tax Worth It? At this time, there are still many questions… President Trump issued a Presidential Memorandum on August 8, 2020. This memorandum directs the Treasury Secretary to use his authority to defer the withholding, deposit and payment of employees’ portions of Social Security taxes from Sept 1 …
Is the Temporary Deferral of Employee Payroll Tax Worth It?Read More
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 all qualifying employers regardless of size, including tax-exempt organizations. Do you quality for the credit? To qualify for the credit, employers must fall into one of two categories: Business Operations Curtailed: Eligible employers …
How Can I File for Unemployment in Washington state or Oregon?
Need to know how to file for unemployment in Washington state or Oregon state? We’ve listed contact information and details about unemployment insurance below. In these times of uncertainty, governments all over the world are taking unprecedented action to support people who have been adversely affected by the COVID-19 pandemic. On March 12th, the U.S. …
How Can I File for Unemployment in Washington state or Oregon?Read More
Congress Extends Employers’ Hiring Tax Credit For Another Year
On December 20, 2019, President Trump signed into law the Appropriations Act of 2020, which included a number of tax law changes. This included extending employers hiring tax credit for an additional year. This article is one of a series of articles dealing with those changes and how they may affect you. Employers that hire …
Congress Extends Employers’ Hiring Tax Credit For Another YearRead More
No Employees This Quarter? You Still May Need To File IRS Form 941
As an employer, you have lots of obligations when it comes to filing taxes. This includes the need to file IRS Form 941. Form 941 is the Employer’s Quarterly Federal Tax Return. This form needs to be turned in on the last day of each month following the end of a quarter. Sticking to the …
No Employees This Quarter? You Still May Need To File IRS Form 941Read More
The End of the Independent Contractor
The California legislature recently passed landmark labor legislation that essentially makes it very difficult for a worker to be classified as an independent contractor (or self-employed). Governor Newsom was quick to sign it into law, and it generally became effective on January 1, 2020. Many believe this legislation will reduce entrepreneurship and innovation overall. Although …
