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…
Determining how much tax an employee wants taken out of a paycheck should become easier next year. The IRS expects to release the final 2020 Form W-4 Employee Withholding Certificate in the coming months. According to the IRS, the new…
According to the FBI’s Internet Crime Center, Business Email Compromise (BEC) fraud is much more common and gaining ground in the U.S. and abroad. Statistics show that in the past three years, businesses targeted by cyber criminals with phishing emails…
With automation involved in so many of today’s business processes, it’s only natural that electronic onboarding and Employee Self-Service (ESS) take on a larger role in HR-related activities. Though some businesses may fear the unknown of saying goodbye to their…
