Payroll Tax Holiday

You have probably been hearing about the Payroll Tax Holiday executive order signed by President Trump earlier this month. We finally received a little guidance from Treasury on August 29th, via notice 2020-65 (follow this link to the notice: https://www.irs.gov/pub/irs-drop/n-20-65.pdf ). However, there are still a lot of unanswered questions, and we are urging all…

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Changes to the Paycheck Protection Program (PPP) were signed into law June 5th.  Included among these were the following: The original covered period for using the funds was expanded from eight weeks to 24 weeks, and the percentage of funds used for payroll costs was reduced from 75% to 60%. This was great news for…

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It’s the end of another year, and with it come changes in payroll tax reporting and withholding rates. The following information will be effective for all payroll paid after December 31, 2019. Additionally, we are providing some reminders to help get through the 2019 annual reporting process. PAYROLL REMINDERS Remember to add health insurance for…

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As we approach the end of 2018 and get ready for a new tax season, it’s a good time to be thinking about getting your company’s accounting ready for your CPA. By utilizing Isler’s Client Accounting Services (CAS) team in the next couple of weeks, you can ensure a smooth and timely process for completing…

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