A number of states and individual taxpayers sought to challenge the constitutionality of a provision in the Affordable Care Act (ACA). In a 7-2 decision, the U.S. Supreme Court has ruled that both the state and individual plaintiffs lacked standing to challenge…
While the reporting deadline for unclaimed property varies by state, many have a November 1 deadline. Nothing to worry about yet, right? Think again. You should be taking steps soon, but first, let's take a step back for a quick…
The pandemic has adversely affected many sectors of the U.S. economy, causing widespread job losses. At the start of the national emergency, Congress created a novel tax break — the Employee Retention Tax Credit (ERTC) — to entice employers to…
The latest economic stimulus bill was recently signed by President Biden, with stimulus payments hitting bank accounts as soon as this weekend. Called the American Rescue Plan Act of 2021 (ARPA), the bill extends many provisions of earlier coronavirus legislation…
After a natural disaster, many business owners analyze their operations to find ways to safeguard their business. An aspect that may be overlooked, yet is vital for employees, is maintaining the regularly scheduled payroll. Utilizing electronic payment methods to process…
Fraudulent unemployment claims have been widespread and now there is another complication to the ongoing saga for Kansas employers. The Kansas Department of Labor (KDOL) recently sent 1099-G forms in the mail for those receiving unemployment claims last year (click…
The Cybersecurity and Infrastructure Security Agency (CISA) recently announced a new focused, coordinated and sustained effort to encourage public and private sector organizations to implement best practices, tools and resources that can help them mitigate ransomware attacks. Ransomware is increasingly…
The following table provides some important federal tax information for 2021, as compared with 2020. Some of the dollar amounts are unchanged and some changed only slightly due to inflation. Social Security/Medicare 2021 2020 Social Security Tax Wage Base $142,800 $137,700…
The U.S. Equal Employment Opportunity Commission (EEOC) recently announced (click here for press release) the schedule for opening its filing platforms. Employers in a variety of industries should take note since most will have data from the past two years…
Before President Trump signed the latest economic stimulus law, several temporary COVID-19-related federal tax relief measures were set to expire on December 31, 2020. This article explains the current status of eight important temporary relief measures and whether the Consolidated Appropriations…