Payroll Today

Where there’s a lot of money sloshing around, there’s always someone trying to separate you from it. We’ve blogged about pandemic-related fraud before. Sadly, it’s time for an update.
We’re officially in holiday shopping mode—my supermarket, which was festooned with Halloween gear just last week, has made a whiplash turn into Christmas merchandise. But before we get there, let’s see what else happened this week that might have slipped through the cracks, if not for us.
Just why did you need a Paycheck Protection loan? If your loan was for at least $2 million, the Small Business Administration would really like to know, and if it gets its way, you’ll have only 10 days to tell it.
Who won the presidential race probably won’t be known for a couple of days. But we do know the results of some state ballot initiatives.
If you were one of the few private employers that opted to defer employees’ Social Security taxes, there’s yet another complication—some special Forms W-2 and W-2c reporting requirements.
We ran an article about voting early last month. But decision day is tomorrow and it’s important, so we’re running it again.
There’s a mixed bag this week, so let’s go…
The IRS issued guidance earlier this year allowing employees to cancel their pretax contributions into health and dependent care FSAs. But what can employees do with the money they salted away into their accounts before they made the election to cancel?
Q & A on payroll tax credits, severance, meal vouchers and SSNs.
The pandemic has taken a toll on the IRS’ annual inflation adjustments to 401(k) plans, other fringe benefits and even the amount defining a qualifying relative (now known as the annual withholding allowance amount). Many of these figures remain unchanged from this year.