Payroll
U.S. Sees Record Low Home Sales Listings
Fewer than 700,000 homes were listed for sale with U.S. real estate agents in December, according to a new report by Realtor.com.
Slowdown Expected in U.S. Hiring, Amid More Risk
Economists project the government jobs report on Friday will show the unemployment rate increased for the first time in eight months with employers hiring 50,000 workers, the fewest since payrolls started to recover in May.
Major Payroll Provisions of the New Covid-19 Stimulus
The big items of note in the Consolidated Appropriations Act, 2021 (CAA, 2021) include extending and expanding existing provisions from prior 2020 federal COVID-19 legislation such as the employee retention credit, paid sick and family leave credits, and Paycheck Protection Program. [This article first appeared on the Thomson Reuters blog.] After much negotiating, the latest […]
Paycheck Protection Program Expenses Now Deductible
The Treasury Department and the Internal Revenue Service have issued guidance allowing deductions for the payments of eligible expenses when such payments would result (or be expected to result) in the forgiveness of a loan (covered loan) under the ...
Unemployment Claims Dropped Last Week of December
U.S. claims for unemployment benefits fell unexpectedly to a one-month low though the recent increases in coronavirus cases and business closures threaten to keep layoffs elevated through early 2021.
New Workplace Laws Start in California
Sweeping new laws ramping up in 2021 will force California businesses to offer employees more help to cope with the COVID-19 pandemic, including measures on disclosure of workplace infections, on healthcare and wage replacement, and on ...
67% of Employers Planned on 2020 Year-End Bonuses, According to Survey
The research also revealed that more than half of senior managers surveyed (57%) said their company suspended salary increases as a result of the pandemic. However, of those, more than one-quarter (27%) anticipated reinstating them by year-end 2020, and..
AICPA Offers PPP Lending Portals for CPA Firms, Explains New PPP Provisions
The AICPA and CPA.com have been advising firms to reach out proactively to hard-pressed businesses and begin collecting key documents such as 2020 revenue, monthly payroll amounts, and the like. There are several new provisions in the $310 PPP...