IRS Creates New Paid Sick and Family Leave FAQs for Second Half of 2021

In an effort to assist small and medium employers in claiming credits for voluntarily offering paid sick and family leave under the American Rescue Plan Act (ARPA), the Internal Revenue Service (IRS) drafted over 120 new FAQs to provide further clarity. While there were existing FAQs about tax credits for qualified leave wages paid for employees’ leave taken before […]

IRS Issues Guidance for Employers Claiming the ERC in First Half of 2021

Last month, the Internal Revenue Service (IRS) issued a new notice containing guidance for employers who wish to claim the Employee Retention Credit (ERC) in the first two quarters of 2021. Employers can access the credit before filing their employment tax returns by simply reducing employment tax deposits. DM Payroll Solutions highlights the top five changes to […]

Highlights of the IRS’s Fact Sheet for Paid Leave for COVID-19 Vaccines

The Internal Revenue Service (IRS) created a new fact sheet offering guidance for small to mid-size employers wishing to leverage the refundable tax credits under the American Rescue Plan Act (ARPA). The new guidance states the tax credits will reimburse employers for the cost of offering paid emergency sick and expanded family and medical leave […]

Impacts of the New American Rescue Plan Act on Payroll

Nearly a year after the Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted and just days before the second extension of pandemic unemployment relief was set to expire on Mar. 14, 2021, President Biden signed the American Rescue Plan Act of 2021 into law on Mar. 11, 2021. With a price tag of […]

DHS Issues Eighth Extension of Temporary Requirements for Form I-9 Compliance

The Department of Homeland Security (DHS) recently announced another extension of the temporary requirements allowing for the flexibility of Form I-9’s physical presence requirements through the U.S. Immigration and Customs Enforcement (ICE). DM Payroll Solutions explores the additional extension and what employers should know about Form I-9 reporting in the near future. More on the […]

IRS Issues 2021 Form W-4 with Minor Updates

The Internal Revenue Service (IRS) has recently released the 2021 Form W-4 (Employee’s Withholding Certificate). While the new form is quite similar to its 2020 counterpart, there are a few small updates all employers should be aware of. DM Payroll Solutions breaks down the 2021 Form W-4 changes to ensure you have all the answers […]

DOL Clarifies Expiration of FFCRA Paid Sick Leave and Expanded Family and Medical Leave

The U.S. Department of Labor (DOL)’s Wage and Hour Division (WHD) has issued new guidance to shed light on the relief offered by the Families First Coronavirus Response Act (FFCRA) for both workers and employers. The FFCRA was put in motion to help the U.S. navigate the workplace effects of COVID-19 by providing tax credits […]

IRS Introduces New Mileage Rates for 2021

The Internal Revenue Service (IRS) recently issued new standard mileage rates for 2021. The rates apply to businesses whose employees operate an automobile for business, charitable, medical or moving purposes. DM Payroll Solutions breaks down the new mileage rates so you and your employees can plan appropriately for the coming year. Beginning Jan. 1, 2021, […]

Pandemic Legislation Brings Welcomed Stimulus Payments and Tax Relief

On December 27, 2020, President Trump signed a $2.3 trillion Coronavirus relief and government funding bill, the Consolidated Appropriations Act of 2021, into law extending billions of dollars in relief aid to individuals and businesses across the country. DM Payroll Solutions, along with our affiliate firm Doeren Mayhew, has highlighted key provisions of the new […]