Payroll Today

Final regulations and a separate disaster relief notice from the Department of Labor set up an outbreak period—running from March 1, 2020, until 60 days after the announced end of the coronavirus national emergency—that plans must ignore for purposes of employees’ health plan elections and 401(k) plans’ responsibility to provide notices to participants.
The IRS’ draft of Form 941 for the second, third and fourth quarters reflects the complexity payroll reporting has become in 2020.
The IRS has issued a series of FAQs on the retention credit and says more guidance is in the pipeline.
In a wide-ranging presentation at the virtual Capitol Summit, IRS reps provided information on audits during the pandemic, the CARES Act payroll relief, ACA play-or-pay penalties and For W-4.
The DOL’s nonenforcement period for the paid leave provisions of the Families First Coronavirus Response Act came to a screeching halt on April 17. But that didn’t stop the DOL from investigating and validating an employee’s claim that his employer refused to provide him with paid sick leave prior to April 17.
In light of the snafus accompanying the first round of PPP loans, the Small Business Administration has updated its FAQs and released more detailed guidelines on how to calculate the maximum loan amount.
The IRS and the DOL have been issuing coronavirus-related FAQs at a furious pace. And they are helpful. However, it’s also apparent that lots of the day-to-day questions Payroll pros have are going unanswered. Let’s see if we can help.
There are two pressing child-support withholding problems right now for Payroll; here’s how to deal with them.
The IRS has postponed lots of tax filing deadlines until July 15. Unfortunately, the filing deadline for your first quarter Form 941 isn’t among them. So your first-quarter form is due in less than a week. This can get messy.
Temporary regulations covering the paid leave provisions of the Families First Coronavirus Response Act and the Coronavirus Aid, Relief, and Economic Security Act were issued earlier this month by the Department of Labor. A new round of FAQs supplements those regulations by clarifying several sticky areas, including how to compute the average regular rate.