The following table provides some important federal tax information for 2021, as compared with 2020. Some of the dollar amounts are unchanged and some changed only slightly due to inflation. Social Security/Medicare 2021 2020 Social Security Tax Wage Base $142,800 $137,700…
The U.S. Equal Employment Opportunity Commission (EEOC) recently announced (click here for press release) the schedule for opening its filing platforms. Employers in a variety of industries should take note since most will have data from the past two years…
Before President Trump signed the latest economic stimulus law, several temporary COVID-19-related federal tax relief measures were set to expire on December 31, 2020. This article explains the current status of eight important temporary relief measures and whether the Consolidated Appropriations…
President Trump signed the Consolidated Appropriations Act (CAA) into law on December 27, 2020. The legislation adds a few new tax breaks for businesses and extends a bevy of other business breaks that were set to expire at the end of…
The Consolidated Appropriations Act (CAA), signed into law on Dec. 27, provides relief in response to the COVID-19 pandemic, such as another round of “recovery rebate” payments to individuals and an expansion of the Paycheck Protection Program (PPP) loan program…
If you file 1099 Forms for your business, you’ll need to know about recent changes to both the Forms 1099- NEC and Forms 1099-MISC What’s New for Form 1099-NEC The most important change that you need to be aware of…
With the most recent stimulus bill signed by President Trump, the sick and family leave component of the Families First Coronavirus Response Act (FFCRA) has been extended. The significant change is that this is now optional for private employers with…
As an employer, do you feel like you are being targeted by fraudulent unemployment claims? That somehow your data has been breached, because so many of your active employees have had false unemployment claims filed under their name? Well, you…
From an employer perspective, using independent contractors provides greater flexibility in managing variable demands for particular services. And, frequently, those services can be obtained more economically because independent contractors don't receive employee benefits, nor are the companies that use them…
The long-term legal and HR implications of managing a remote workforce is just one of the timely topics employers will learn about at the Mize Virtual Employment Practices Summit on December 2, 2020. The virtual Summit features speakers addressing the…
