COVID-19 Testing, Diagnostics Not Minimum Essential Coverage
The IRS has news regarding COVID-19 testing and diagnostics. Medicaid coverage limited to COVID-19 services does not qualify as minimum essential coverage.
Employers Should Approach Payroll Tax Deferral Cautiously
President Trump signed an executive memo on August 8 for a payroll tax deferral. It creates uncertainty re: administrative compliance and long-term impact.
Qualified retirement plan rules affect COVID-19-related layoffs and rehires
Have you laid off employees because of COVID-19? Plan to rehire some of them before 2020 ends? If so, and you offer a qualified retirement plan, listen up!
Court invalidates some COVID-19 paid sick and family leave regs
Parts of the DOL’s temporary regs of the paid sick and family leave parts of the FFCRAwere nullified. This is important in the implementation of the law.
Social Security Taxes Deferred: What Does It Mean for Your Business?
The President signed a Presidential Memorandum to defer employee's Social Security taxes. The action only defers the taxes; they’ll be paid back eventually.
Hiring independent contractors? Make sure they’re properly classified
Your business may be using independent contractors to lower costs during the coronavirus. Be careful these workers are properly classified for tax purposes
COVID-19 Tax Credits Provide Much-Needed Relief
Employers are entitled to refundable tax credits provided under two laws passed in response to the COVID-19 pandemic. Fiducial has the latest.