Congress just passed a bill mandating paid leave for employees affected by COVID-19. This affects most employers under 500 employees. The good news- you get it reimbursed through a payroll tax credit.
Read our blog to stay up to date on everything regarding income taxes and income tax regulations.
As if your new year wasn’t busy enough, the IRS had the nerve to change the long-time withholding allowance form for payroll that you’ve dutifully filled out for the last 20 years. In 2020, it’s now called the Employee’s Withholding Certificate. What is this form even asking? Do I have to fill out a new …