by Candy | Jun 22, 2021 | Business, COVID-19, Featured, Shared
Many businesses were hit hard during the COVID-19 pandemic and are still trying to recover from it. A lot of these companies were caught without some sort of contingency plan in place for this type of emergency situation. It is really important for businesses to take...
by Candy | May 25, 2021 | Business, COVID-19, Featured, Sales Tax, Taxes
According to Accounting Today, sales tax has increased to levels that haven’t been seen in over ten years. This means that during the pandemic, many companies had to collect even more tax revenue from online shopping. Vertex, a tax tech company, said there...
by Candy | May 21, 2021 | Business, COVID-19, Taxes
The Work Opportunity Tax Credit (WOTC) is currently in the works to become a permanent part of the tax code and is being led by a bipartisan group of Senate lawmakers. It is offering employers tax credits per worker dependent upon hiring and retaining employees from...
by Candy | May 13, 2021 | Business, COVID-19, Shared
https://youtu.be/KpsU7gt4uf8 The Pandemic brought about different working scenarios than many companies have experienced in the past, and along with these changes come the responsibility of making sure labor laws are still being followed by your employees. This isn’t...
by Candy | May 11, 2021 | Business, COVID-19, Taxes
Due to the continuing COVID-19 Pandemic, Congress had allowed for special rules regarding health FSAs (Flexible Spending Arrangements) under Section 125 Cafeteria Plans. They have also extended these to dependent care assistance programs. These new rules fall under...
by Candy | May 6, 2021 | Business, COVID-19, Taxes
https://youtu.be/WBHfvLB8Z0k Are you an individual or business owner behind on tax payments to the IRS? Has the COVID-19 Pandemic negatively impacted your income and ability to pay your liabilities? You may be able to use a first-time penalty abatement waiver or...
