Category Archives: Payroll

What is the Paycheck Protection Program Flexibility Act?

meadow Paycheck Protection Program

On June 5, 2020, President Trump signed into law the Paycheck Protection Program Flexibility Act (PPPFA).  This law brings changes to the Paycheck Protection Program (PPP) that PPP loan borrowers should be aware of. PPPFA changes the amount of funds to be spent on payroll to 60% The PPFA reduces the amount of the loan […]

What is the Employee Retention Credit?

umbrella Employee Retention Credit

In a previous blog, we outlined a provision from the IRS to offer employers Payroll Tax Deferments as part of the Coronavirus Aid, Relief and Economic Security Act (CARES Act). Another recent provision made available through the IRS is the Employee Retention Credit. Here we will discuss the particulars on this type of relief. What […]

What is the Federal Payroll Tax Deferment?

payday federal payroll tax deferment

Many small businesses are applying for economic assistance through either EIDL or PPP loan programs. However, it seems that getting approval for these programs is taking longer than anticipated. What are some other ways that small business owners can get more immediate relief? As part of the CARES Act, employers can seek deferment of certain federal payroll […]

Employee or Contractor – How Do I Know?

People Differences between employees and contractors

A common question from our clients is how to determine if a worker should be considered an employee or a contractor.  Typically, this issue comes up in the process of setting up a new business. Let’s explore some differences between employees and contractors to help you classify your workers properly. Why it matters Employees can […]

Challenge Accepted: Bring Order to My Messy Books [Part One]

tablet four important reports

We are going to zero in on six different challenges that affect almost all business owners at some point in time. This will be an ongoing series called Challenge Accepted. Over the next couple of months, we will discuss each challenge and give you some ideas and solutions for each challenge you encounter. Here is […]

Construction Payroll- Gusto to the Rescue!

We are continuing our series on those in the trades – specifically construction – and one area that those in the trades have special consideration is payroll. Payroll can feel hard. We get it. In the construction field, there are other factors to consider such as where your employees are, what jobs they are working […]

Get Ready for Year-End Bonuses!

gazebo Year-End Bonuses

One of the most common methods of showing appreciation to staff is by issuing year-end bonuses. Your employees work very hard, and as a business owner, you want to reward their efforts.  While paying a bonus to your employees may sound simple, both federal and state agencies have rules regarding the taxability of these types […]

Five Ways to Protect Your Cash

We work hard for our money, and the last thing we need is to have it disappear due to fraud, hackers, or identity theft. Some people have called 2013 the year of the hacker, which is worrisome. But you’re far more likely to experience risks with disgruntled or financially desperate employees and contractors. Mistakes happen, […]