2020 was a year full of uncertainty but one thing is for certain and that is that a little guidance is necessary. Year-end reporting for tax and payroll will look substantially different this year due to the continued changes in legislation in response to the COVID-19 Pandemic. This blog is going to give you a …
Did you know that there are over 157 million Americans who are part of the workforce? If you’re a business owner, then chances are, many of these Americans are part of your company. In that case, you’ll need to ensure your payroll is in order. Because of that, you might be searching for the best payroll companies in …
American workers have been hit hard by the Coronavirus Pandemic. To help ease the impact of this ongoing disaster President Trump has administered a variety of programs to assist workers. On August 8th, 2020 President Trump signed several executive orders one allowing for the suspension of Social Security Tax collection for individuals making less than …
Social Security Tax Deferral : What You Need to Know Read More »
For many working Americans, the start of school has left them in a panic about managing work and family needs. Employers are required to offer leave under the Federal Families First Coronavirus Act (FFCRA). You may be one of many business owners who need guidance on how to administer FFCRA leave under the new guidelines. …
Most if not all businesses are adjusting to the new guidelines and regulations put in place because of the COVID-19 Pandemic. At HR Wise llc we are continuously working to keep the most up to date information for our clients to provide guidance during this trivial time. In this blog you will find the most …
FAQ : Hiring and Confidentiality During COVID-19 Read More »
The Small Business Administration advised lenders on July 23, 2020 that PPP Loan forgiveness applications will not be accepted until August 10, 2020. This date is subject to extension if any new legislative amendments to the forgiveness process necessitate changes to the system. Many borrowers who have qualified for the PPP loan proceeds have already completed …
Paycheck Protection Program Loan Forgiveness Applications on Hold Read More »
Did you know that most small businesses and startups in Phoenix, AZ, begin with a budget of up to $5,000 on average? These are either home-based businesses or online startups created by people with creative minds and an entrepreneurial spirit. Since the budget is very limited it makes the most sense to outsource payroll services …
7 Questions to Ask Before Choosing Payroll Services in Phoenix, AZ Read More »
As of June 16, 2020 there are now two different applications that can be filled out when it is time for you to apply for forgiveness on your Paycheck Protection Program Loan. One being the Form 3508EZ. This is a much shorter and simpler form most likely for someone who is self-employed. The most common …
A Simple Guide to Fill Out Your PPP Forgiveness Application Form Read More »
What You Need to Know If you are eligible for the Employee Retention Credit then you may take a 50% tax credit on up to $10,000 in qualifying wages per employee. The wages included in this credit must have been paid after March 12, 2020 and before January 1, 2021. The maximum amount of qualified …
The Paycheck Protection Program Flexibility Act On June 5th, 2020 the “Paycheck Protection Program Flexibility Act of 2020” was signed into law. This act works to relieve some of the restrictions originally placed on the Paycheck Protection Program small business loan. Although the bill has not yet passed this blog will point out 6 key …