The employee retention credit (ERC), a credit created during COVID-19, ended on September 30, 2021 (December 31, 2021, for startups), but it’s still alive. How can that be? The reason: The deadline for submitting refund claims has not expired. Many employers claimed the credit, and a number of these are still pending. But there’s been […]
The post Employee Retention Credit Now: Where You Stand and What to Do appeared first on Barbara Weltman.
If your business has employees—including yourself—there are employment tax obligations imposed on the company (the “employer”) by the federal government. There are also state and local employment tax rules, such as paying unemployment taxes. The failure to follow the rules can result in penalties for the company, or even for you, personally, as the owner. The following are some problems related to federal employment taxes…and what you can or should do about them. Problem 1: Misclassifying workers to avoid employment taxes If workers are independent contractors, there are no employment tax responsibilities on the company. This is a substantial cost […]
The post Employment Taxes: 4 Problems with Solutions appeared first on Barbara Weltman.
When you hear the phrase, “HR for small business” do you suddenly break out in hives, a cold sweat, or…
The post 6 essential HR tools for small business owners appeared first on Homebase.
