The IRS issued Notice 2020-65 on August 28, allowing employers to suspend withholding of employees’ Social Security payroll taxes as part of COVID-19 relief. The IRS is essentially giving employees a loan to try and help them through a...
The IRS plans to publish the newest version of the Form 941-X in late September. The new Form will allow for corrections to the new lines added to the Quarter 2 Form 941 and allow for reporting related to the...
While government and financial institutions prepare to implement the stimulus package, businesses should be getting ready to apply for a Payroll Protection Program (PPP) loan. We wanted to share some resources that are helpful to review in order to understand...
Anyone who works at a job for a living is likely familiar with the W-2 that arrives in the mail and that must accompany their tax returns. We thought it would be useful to provide a quick review of this...
By the end of each year, I’m usually approached with questions from clients who have received their W-2 form and are concerned about owing taxes when it comes time to square up with the Internal Revenue Service (IRS). It’s good...
One of the most common questions for employers determining compensable time is how to handle on-call situations. If an employee is on-call, is he or she eligible to be paid for the on-call time? The answer lies in the restrictions...
It’s always amazed us at MarathonHR how many restaurants—even fairly large ones—don’t have a Human Resources (HR) department, or even an HR professional on staff who handles payroll, workers’ comp claims, and other issues that restaurants face. They also may...
The Tax Cuts and Jobs Act has taken effect and you and your employees may have noticed a change in take-home pay. This happened because the marginal tax rate dropped for the average individual, but that doesn’t mean they can...
Until this year, employers had two dates to keep in mind when preparing 1099’s and W-2s. Beginning with 2016 forms, employers will now have one filing deadline for all Federal information returns – January 31, 2017. This applies for both...
The U.S. Department of Labor (DOL) is close to making a final decision regarding salary levels eligible for overtime pay exemptions. The anticipated outcome is expected to more than double the current annual exemption level of $23,660 to somewhere between...