Overhead Costs and Post-Pandemic Planning
As we emerge from the pandemic and begin to find new ways of operating in the world, businesses are debating whether to bring employees back to the office, have them …
What to Know About the Restaurant Revitalization Fund
According to the Small Business Administration, the Restaurant Revitalization Fund will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more …
IRS Offers More Details on Relief Bill
The latest relief bill—the American Rescue Plan Act—is the size of a long novel, so it will take some time to get the full scope. The IRS has started to …
What Are the Rules on Hazard Pay?
The U.S. Department of Labor defines hazard pay as “additional pay for performing a hazardous duty or work involving physical hardship.” Per the DOL, physical hardship is a work duty …
Disaster Relief Payments: A Simple Way To Help Employees
When the COVID-19 pandemic was declared a national emergency earlier this year, it triggered Section 139 of the Internal Revenue Code. Under Section 139, employers can provide tax-free payments or …
IRS Updates Form 941 To Reflect COVID-19 Tax Credits
The IRS has revised Form 941, Employer’s Quarterly Federal Tax Return, to accommodate COVID-19-related employment tax credits granted under the Families First Coronavirus Response Act and the Coronavirus Aid, Relief, …