Payroll
Man Indicted for PPP Fraud, Using Funds for Cryptocurrency
A 35-year-old man has been indicted in North Carolina on charges he invented businesses to qualify for pandemic relief and robbed a bank, then spent the money buying cryptocurrency and paying bills.
Majority of Employers Considering Retirement Plan Enhancements
Overall, the survey found three in four respondents (75%) that sponsor a DC plan made a change to their plan in the last two years and expect to make at least one change over the next two years. An additional 14% of sponsors that didn’t make a change ...
Half of Remote Professionals Say They Would Quit if Required to Go Back to Office
Return-to-office plans may lead to more resignations, separate research shows. In a survey of more than 1,000 professionals, half of respondents currently working from home (50%) would look for a new job that offers remote options if ...
Will the ‘Great Resignation’ Become the Great Shakeout?
Should we be concerned about the rising number of accountants leaving the profession? If one is paying attention, the alarm bells are sounding across the board, and it really hits home if you’ve had a personal experience being short-staffed.
What You Need to Know About Business Tax Credits This Year
Significant federal and state legislation, like Paycheck Protection Program (PPP) loans and tax assistance, has sought to help businesses ride the pandemic out, keeping the doors open and paying their employees.
S Corp Salary Guidelines – What is Reasonable Compensation?
Although the definition of what constitutes a “reasonable” wage may seem subjective, the IRS scrutinizes the S Corp’s source of income—its gross receipts—and then determines if (and what tasks) the owner/shareholder performed for the S Corp to assist ...
Remote Work Allowing Some Professionals to Return to Small Towns
About 59% of U.S. workers who say their jobs can mainly be done remotely are working from home all or most of the time. Since 2020, the share who say they have relocated away from the area where they work has increased from 9% to 17%.
Paychex Ranked Among Most Ethical Companies
Corporate social responsibility at Paychex is evolving to address issues most important to the company's clients, employees, communities, and investors. The program is centered on four strategic pillars: employees, ethics, communities, and the ...