People First Initiative - IR-2020-59, March 25, 2020
To help people facing the challenges of COVID-19 issues, the Internal Revenue Service announced today a sweeping series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to postponing compliance actions.
The Families First Coronavirus Response Act was signed into law on March 18, 2020.
In the coming days and weeks, federal regulatory agencies, including the Department of Labor (DOL) and Health and Human Services (HHS), will provide guidance on how to execute or implement the new requirements. In the meantime, employers and advisors must rely on a good faith interpretation of the act’s text.
We are sharing everything we know below and will not be able to answer follow up questions about the act until agency guidance has been released, which will take some time. We will update the HR Support Center when we have more information, and we encourage you to check there.
Dear Clients and Subscribers:
We previously communicated our ongoing efforts to support you, our associates, and the community during the quickly developing Coronavirus (COVID-19) pandemic. We want to reiterate that we consider the health and well-being of all of us extremely important. No value can be placed on health!
During this time we have been receiving and answering a storm of questions regarding a variety of issues. We are going to address a couple of the top questions here, and provide the most current information, answers, and links to additional resources (more informational posts will follow).
A new piece of legislation by Minnesota lawmakers puts unprecedented pressure on businesses to make sure that they’re providing accurate documentation of employee wages. As of Monday, July 1st, 2019 employers are required to provide employees notice at the start of their job laying out wage or salary amount and the benefits available. Employers must also provide additional information in their pay stubs and include allowances taken out for lodging, food, and other incidentals.
A recent change in Minneapolis work law could affect your business -- even if your headquarters, facilities, or office(s) are not located inside the city.
It’s a beautiful thing to run your own business, but that doesn’t mean it's always easy.
We know it feels good to build something from the ground up with your own two hands, but what does that look like in practice? Sometimes it's fun, but it oftentimes means a lot of stress and always means a lot of hard work.
Taxes are an ever-changing landscape, and with the 2017 Tax Cuts and Jobs Act finally taking effect this year, there’s actually never been a better time to find an accountant that you can trust.
The Tax Cut and Jobs Act really changed how deductions work. It's important to know how much those changes will affect you and your business. Here's another way taxes have changed recently:
The Tax Cut and Jobs Act really changed how deductions work. It's important to know how much those changes will affect you and your business. Here's another way taxes have changed recently:
Unless you’ve been sleeping under a rock the last year, you probably know that the Tax Cut and Jobs Act really changed how deductions work. Here’s the thing, if you’ve yet to file your 2018 taxes, you might not realize just how much those changes will affect you and your business this year.
