On September 1, 2020, a presidential executive order went into effect allowing employers the option to defer their employee’s Social Security tax through the end of the year, December 31. This means the 6.2 percent tax that employees normally pay…
Like many Wisconsin-based organizations, the COVID-19 pandemic and subsequent office shutdowns forced SecureFutures, a Milwaukee-based non-profit and IPS client, to quickly adapt to a new reality. “Our employees are all working remotely now,” says Brenda Campbell, SecureFutures President and CEO….
As business practices continue to evolve in the midst of a pandemic, the online hiring process has become even more critical for employers. Did you know that more than half of potential employees will start applying for a job online,…
The Employee Retention (Tax) Credit was created to support businesses who forego layoffs and maintain their employees on payroll. According to the U.S. Treasury Department and the Internal Revenue Service (IRS), the refundable tax credit is 50% of up to…
The Coronavirus, Aid, Relief and Economic Security Act (CARES Act) allows employers to defer the deposit and payment of the employer’s share of Social Security taxes and self-employed individuals to defer payment of certain self-employment taxes. What deposits and payments…
The chaos and confusion surrounding the first weeks of the COVID-19 pandemic provided fertile ground for cybercriminals to launch their scheme of deception. Employees working away from the office during the “Safer-at-Home” orders shifted their home networks to include professional…
The Families First Coronavirus Response Act (FFCRA or Act) requires certain employers to provide employees with paid sick leave or expanded family and medical leave for specified reasons related to COVID-19. The Department of Labor’s (Department) Wage and Hour Division…
In light of the Families First Coronavirus Response Act signed into law on March 18, 2020, Integrated Payroll Services (IPS) wants to reassure clients we are equipped to handle the necessary payment requirements set forth should you be faced with…
Among the highest costs for businesses today is paying for employees. Thankfully, with today’s technology, companies have access to a digital footprint of information to more efficiently and effectively calculate worker time and attendance. For those businesses with multiple locations…
Last November, IPS shared how a new, less complicated and more transparent IRS Form W-4 was going into effect on January 1, 2020. While it was designed to simplify the tax withholding process, some business owners remain uncertain of how…
