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This article was published by the IRS. The Internal Revenue Service today reminded taxpayers that now is the perfect time to review their tax withholding and payments to avoid a surprise when filing next year. An adjustment or two made now may boost take home pay or allow taxpayers to pay more in the last quarter of 2020 [...]
This article was published by the IRS. The Employee Retention Credit under the CARES Act encourages businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19. Frequently Asked Questions General Information Determining Which Employers [...]
This article was published by the IRS. Frequently Asked Questions General Information Determining the Amount of the Tax Credit for Qualified Sick Leave Wages Determining the Amount of the Tax Credit for Qualified Family Leave Wages Determining the Amount of Allocable Qualified Health Plan Expenses How to Claim the Credits How Should an Employer Substantiate Eligibility [...]
