Club Tax Expert Explains New IRS Guidance on Employee Social Security Payroll Tax Holiday
Written by: Brad Steele, J.D. Attention, clubs: on August 8, the United States President issued an executive order deferring a portion of your employees’ payroll taxes. This payroll tax holiday runs from September 1 to December 31, and only employees…
Relief to Help Hospitality Businesses Weather Economic Impact of COVID-19
It is not news that the world is seeing a period of economic decline unlike any it has ever seen. We are all experiencing it. In response to the stagnant economy brought on by the COVID-19 pandemic, the United States…
Social Clubs and the Coronavirus Pandemic: A Tax View on Qualified Disaster Payments
Written by: James J. Reilly, CPA, JD On March 13, 2020, [United States] President Trump declared a national emergency under the Robert T. Stafford Disaster Relief and Emergency Assistance Act (the “Declaration”) because of the challenges resulting from the coronavirus…
Paycheck Checkup: The IRS Encourages Taxpayers to Review Withholdings
April 17, 2018: Tax day in the United States has come and gone. Individual taxpayers have filed all of their paperwork, and have either paid up the amount owed to the United States Internal Revenue Service (IRS) or deposited their…
VOW to Hire Heroes: New 2012 Tax Credits for Veterans
President Obama signed HR 674 — making two unemployed veteran target groups official, starting on the day after the enactment date of Nov. 21, 2011. New Unemployed Veteran Target Groups: 4 weeks: Gives employers a tax credit of up to…
New Issue of The Bottomline Covers the Tax Relief Act and More
We just released the April/May issue of The Bottomline, HFTP’s bi-monthly publication. The issue’s general theme features articles on: How to navigate the Tax Relief Act How organizations managed HR in a slow economy Updates to the enterprise communication system…