PAYROLL Tag

Seasonal payroll bonuses bring joy to many employers and feelings of anxiety to others. Most of us relish being able to reward our team's outstanding employees. Seasonal bonuses are a minefield for some employers, full of complicated employee relationships, compensation confusion, and not knowing when, how much, or how to pay bonuses correctly. For some businesses impacted by COVID-19, there isn't enough cash left over after a challenging year to pay out bonuses. So, what is a boss to do?  MORE>>>

The Families First Relief Act and CARES Act have been approved and businesses, like yours, are scrambling to figure out what it all means.  The information is coming fast and furious so it can be hard to make sense of what is right for your business.  Below is a current assessment of the landscape as compiled by Ascend Consulting, Fogged In Bookkeeping, and Prix Fixe Accounting.  This should not be taken as individual tax advice but rather as a guide.  Always consult with your individual tax advisor to see how such programs may apply to your individual situation.

The much-awaited Cares Act passed last week. Included in the act were SBA relief loans like the Paycheck Protection loans.  Immediately small business owners began the quest for "free money".  We have compiled a list of resources below to help business owners with this process.  The list will update these as things evolve; which they seem to do each day.  Also, a word of caution, many owners see the Paycheck Protection Loan program as the magic bullet, and it isn't always the best solution for every case.  There are SEVERAL other relief offerings under the CARE Act and each has unique benefits.