How does the American Rescue Plan Act impact employers?
The latest Covid-relief bill – the $1.9 trillion American Rescue Plan Act of 2021 (ARPA) – was signed into law by President Biden, and it provides several provisions specifically beneficial to restaurant owners and to small business owners and individuals in general. Much of the ARPA extends and expands on the provisions from earlier Covid-relief […]
How does the American Rescue Plan help restaurant owners?
The latest Covid-relief bill – the $1.9 trillion American Rescue Plan Act of 2021 (ARPA) – was signed into law by President Biden, and it provides several provisions specifically beneficial to restaurant owners and to small business owners and individuals in general. Much of the ARPA extends and expands on the provisions from earlier Covid-relief […]
Should your business add Roth contributions to its 401(k)?
Offering employees a retirement plan is a great incentive for retaining employees and for recruiting new ones. If you don’t already offer a plan for your employees, an available tax credit may make it something worth considering. If your business does sponsor a 401(k) plan, you might someday consider adding designated Roth contributions. Here are […]
IRS extends some (but not all) employee benefit plan deadlines
The IRS recently issued Notice 2020-23, expanding on previously issued guidance extending certain tax filing and payment deadlines in response to the novel coronavirus (COVID-19) crisis. This guidance applies to specified filing obligations and other “specified actions” that would otherwise be due on or after April 1, 2020, and before July 15, 2020. It extends […]
Ga. DOL requires employers to file partial claims online during temporary shutdowns
The Georgia Department of Labor announced that effective March 16, 2020, all Georgia employers must file partial claims on behalf of their employees for any week during which an employee (full-time or part-time) works less than full-time due to a partial or total company shutdown caused by the COVID-19 public health emergency. According to the […]
Creating a new employee retirement plan could mean a tax credit
If you have been considering creating a retirement plan for your employees, you should know about a valuable tax credit that is available. Employers may be able to claim a tax credit for some of the ordinary and necessary costs of starting a SEP, SIMPLE IRA or qualified retirement plan. The tax credit is 50 […]
Note changes to ACA thresholds and signs of more audits
It’s almost time for the annual open enrollment period, so it’s important to note that the IRS recently announced the affordability percentage for 2020 under the Affordable Care Act will decrease to 9.78 percent. This is a slight decrease from the 2019 threshold of 9.86 percent. Employers should make sure that your insurance broker is […]
Are your employees ignoring their 401(k)s?
For many businesses, offering employees a 401(k) plan is no longer an option — it’s a competitive necessity. But employees often grow so accustomed to having a 401(k) that they don’t pay much attention to it. It’s in your best interest as a business owner to buck this trend. Keeping your employees engaged with their […]
Fall Kickoff Lunch | PHOTOS
The Varsity, Kona Ice and a cornhole tournament: not a bad way to spend the lunch hour. Our associates took a little time this week to celebrate the beginning of fall with our annual Fall Kickoff Lunch. Here are just a few photos from the day.
Happy Hour cheer | PHOTOS
Our firm recently celebrated the promotion of Nina Daigle and Lindsey Pierce to partner with a special Happy Hour outing at the Irish Bred Pub in Covington.