On August 8, 2020, President Donald Trump signed an executive memorandum directing the U.S. Department of the Treasury to put in place payroll tax deferral obligations (Social Security and Medicare) amid the ongoing COVID-19 pandemic for wages paid to individuals between September 1, 2020 and December 31, 2020. On August 28, 2020 (3 days prior […]
continue reading...Posts Tagged ‘Integrity Data’
IRS Finalizes Updates to Form 941 for COVID-19 Tax Credits
The IRS has worked diligently to modify the Form 941 to accommodate the changing laws around the COVID-19 pandemic. As of July 1, 2020, the IRS finalized the 941 Quarter 2 form. The form and instructions were posted just in time for employers’ federal tax returns for quarter 2 filings (which have a due date […]
continue reading...6 Payroll Trends to Watch in 2020
Whether they deal with it internally or outsource, payroll has historically been a large cost area for businesses. Ensuring accuracy, dealing with adjustments and paid leave, and complying with regulations is a complex, ever-changing process. However, modern software solutions are benefiting companies by bringing payroll in-house and connecting their payroll to their ERP solution for […]
continue reading...Summary of IRS 2020 Form W-2 Changes
The IRS has been busy the last few years making form changes, now there is another update. The IRS released 2020 Form W-2 changes earlier this year. We want to make sure you have what you need when the time comes, so here’s a summary of the IRS changes to the 2020 Form W-2. In […]
continue reading...Dynamics GP Versions and Integrity Data Product Compatibility
Dynamics GP users come in all different shapes and sizes…and versions! We wanted to give you some clarification on what’s supported, what’s not, and how Integrity Data’s GP payroll products fit into that. Although each version has its own history beginning with an RTM (Release to Market) version, the most current versions for each (as […]
continue reading...ACA & Coronavirus: What Employers Need to Know
Reduced hours, layoffs, and even termination is wreaking havoc on US workers due to the Coronavirus pandemic. Certain industries such as staffing, restaurants, and hospitality have been hit particularly hard. With all the challenges employers are facing due to the Coronavirus, ACA tracking is also adding to the confusion. New sick leave and FMLA requirements […]
continue reading...COVID-19 Employer Tax Credit under the CARES Act
Last Update 4/17/2020 – We are continuing to monitor and update this blog as information is released. On March 31, the IRS released a series of FAQ’s and information regarding the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Most importantly, they released some information regarding the employer tax credits associated with this Act. Note […]
continue reading...The Families First Coronavirus Response Act: What does it mean for US Employers
Last Updated 4/22/2020 On March 18, 2020, President Trump signed the Families First Coronavirus Response Act, H.R. 6201 (FFCRA) into law. The FFCRA is meant to support families that are impacted by the novel coronavirus (COVID-19) pandemic. Per House Appropriations Committee Chairwoman Nota M. Lowey: “Our top priority in this public health emergency must be […]
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