The Payroll Blog

Cory Hershman, online payroll training expert, reveals common small business payroll mistakes and shares her thoughts on whether you want to mess with the IRS.

New York to Offer $800M Grant Program to Help Small and Micro-Businesses Recover from COVID-19 Pandemic

To say that 2020 was a revelatory year is an understatement. Over the course of the year, many accounting firms were put in a position they weren't quite prepared for; they were suddenly being bombarded with questions pertaining to COVID-19 legislation, PPP loan preparation, and other tasks that were very different from their typical service offerings.  

The Shuttered Venue Operator Grant program has allocated $16 billion to businesses such as live venues, theaters, museums and other organizations that had to remained close through much of the COVID-19 pandemic.

Under the American Rescue Plan Act, eligible individuals who have lost employer-sponsored health insurance after involuntary job loss or because of reduced hours will have COBRA continuation coverage subsidized 100 percent for a specified time period.

Tax season tends to be a time of the year that individuals, and small business owners, don’t look forward to. Taxes can be confusing, mistakes are costly, and making sure you have all the proper paperwork can be time-consuming.

“Money can’t buy happiness.” Researchers have spent a lot of time understanding how money affects people, and at what point will they be happy.

Employee engagement is one of the keys to business success. Studies have shown that engaged employees produce higher quality work, treat customers better, and are more likely to stay at their jobs and continue to grow and deliver those strong business results. 

In the past 12 months, beginning in April 2020 with the enactment of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Employee Retention Tax Credit (ERTC) provision has been impacted by two other laws.

As a small business owner, you likely know first-hand how managing cash flow can be a struggle, which is why you’ll appreciate any opportunity to save a few dollars and have more cash on hand.

While filing taxes can be a painful, time-consuming task, one thing that people don’t get mad about during tax season is receiving a refund. 

With the signing of the American Rescue Plan Act of 2021 by President Biden on March 11, 2021, many provisions from previously enacted stimulus legislation during the COVID-19 pandemic will be impacted.