More Relief from Failure-to-Deposit Employment Tax Penalties
An employer would typically be penalized for failing to deposit federal employment tax. Examples include deposits of withheld income taxes and FICA taxes.
SBA Raises Loan Limit For COVID-19 EIDL Loans to $500,000
An expansion of the COVID-19 EIDL program is having big impacts. Nonprofits and small businesses may now borrow up to $500,000 for up to 24 months.
Uncle Sam May Pick Up the Cost of Your COBRA Medical Coverage
The ARPA includes a provision for the federal government to pick up the cost of COBRA health coverage. Read on to learn more about this program.
Buckle Up for 2021: 4 Compliance Trends to Watch
In a matter of months, COVID-19 forced organizations to make seismic shifts in their operations. How will the legal and compliance landscape evolve?
Cafeteria-Plan DCAPs Get Temporary Boost from COVID-19 Relief Act
Employers use cafeteria plans to offer employees a menu of benefits. Among the most popular are enrollment in dependent care assistance programs (DCAPs).
Another Round of Economic Impact Payments Approved by Congress
The American Rescue Plan Act includes an economic impact payment (EIP). This will be the third round of economic impact payments since the pandemic began.
Number of Americans Who Didn't Pay Mortgage Hit 5% in December 2020
About 5 million Americans couldn't make their rent or mortgage payments in December 2020. That is more than 5% of all renters & mortgage holders in the US.