Alice Gliman

Congressional leaders seem to have reluctantly concluded they will probably need to pass another round of pandemic relief in the next couple of weeks.
Employees who telecommute don’t park in your office building’s parking lot. And that would be a blessing not-so-much-in-disguise, since you could avoid the IRS’ rather onerous proposed regulations disallowing your corporate deduction for the cost (not value) of employees’ parking.
Let’s review a few last payroll issues before the holiday weekend.
If you have a use-it-or-lose-it PTO or vacation policy, states’ wage payment laws may require you to cash out the entire bank if employees terminate.
As states continue to open up, IRS employees who work at campuses located in those states are getting back to work, too. They, like you, have a lot to do.
The Department of Labor has issued a Field Assistance Bulletin to guide its investigators in determining whether employers improperly denied paid leave to qualified employees.
A Friday without yet another interim final rule on the paycheck protection program would be like summer without soul-murdering heat and humidity. We’re happy to report the Small Business Administration hasn’t let us down. Other federal agencies are at it, too.
Due to the overall drop in elective healthcare spending, group health insurers are providing rebates to group health plans. But rebates attributable to employees’ pretax contributions are most likely taxable.
It would be generous to say the rollout of some of the pandemic-related payroll tax relief has been chaotic. If you’ve been caught up in this particular vortex, now’s your chance to tell the IRS.

Last chance on PPP loans

June 22, 2020

If you want to get in on the deal, now’s the time to do it.