On April 19, New York State passed a budget bill that included a Pass-Through Entity (PTE) tax election that impacts partnerships, limited liability companies treated as partnerships, and S-corporations.
Many employee benefit plan sponsors have faced logistical challenges during the pandemic, such as office closures and remote work environments, which have made it difficult to remit participant 401(k) contribution deposits on time. In response to these challenges, the Department of Labor (DOL)'s Employee Benefit Security Administration (EBSA) has issued Disaster Relief Notice (2020-01), which provides flexibility and relief to sponsors struggling with remittance delays due to the pandemic.
The Shuttered Venue Operators Grant (SVOG) program, originally scheduled to reopen on Saturday, is now open as of today, Monday, April 26, 2021 at 12:00 p.m.
If you were to ask your IT staff about how tech support for remote employees is going, they might say something along the lines of, “Fantastic! Never better!” However, if you asked remote workers the same question, their response could be far less enthusiastic.
On April 1, Massachusetts Governor Charlie Baker signed into law a new COVID-19 relief legislation package with tax impacts for small business owners and individuals.
When a business reaches a certain number of eligible participants for their 401(k) Plan, federal law requires an independent audit of the Plan. While larger companies may be familiar with this process, many small business owners may find themselves in uncharted territory the first time their number of eligible participants increases above the threshold amount. In this second blog in our 3-part series, we’ll discuss what auditors review during a 401(k) Plan audit.
The American Rescue Plan Act introduced several new relief programs for small businesses, including the Restaurant Revitalization Fund—designed to provide relief for restaurants and other food and drink establishments that were hit hard in the last year as a result of the ongoing COVID-19 pandemic.
When a business reaches a certain number of eligible participants for their 401(k) plan, federal law requires an independent audit of the plan. While larger companies may be familiar with this process, many small business owners may find themselves in uncharted territory the first time their number of eligible participants increases above the threshold amount. In this 3-part blog series, we’ll cover the basics of 401(k) plan audits.
On Monday, the Presidential administration announced that on Wednesday, February 24th, a new two-week Paycheck Protection Program (PPP) loan application window will open specifically for businesses with fewer than 20 employees.
In light of the COVID-19 pandemic, many employers have shifted to a remote workforce—and in turn, the staffing industry has had to pivot as well, implementing remote recruiting, hiring, and onboarding strategies. While some employees have now returned to the office, many are continuing to work remotely, and will for the foreseeable future. And with employers and employees finding that a remote work strategy can be just as effective, while saving costs for employers and providing a better work-life balance for employees, remote work is definitely here to stay on a larger scale than ever before. So what does this mean for the staffing industry?
