Washington State recently passed legislation to create the nation’s first state-run long term care fund. The Long Term Care Act goes into effect January 1, 2022. Here is what it means for you as an employer, as a potential beneficiary, and employee options for...
Another program that was part of the $2 trillion CARES act is the Employee Retention Credit for Employers Subject to Closure due to COVID-19 Crisis. This program is designed for small employers, but is not available to businesses who have received a Paycheck...
As you probably know, the Coronavirus Aid, Relief, and Economic Security Act (CARES) was signed on March 27, 2020. The $2 trillion package includes $349 billion for a loan program called the Paycheck Protection Program (PPP). This is an unprecedented program both in...
When the voters of Washington State passed Initiative 1433 by an overwhelming 57% majority, I do not for a minute think they were trying to create an administrative nightmare for small business owners. They were just voting to raise the minimum wage and to give...
If you have ever made a mistake on your quarterly Federal 941 (employment tax) deposit, you have probably experienced a relentless attempt by the IRS to drive you insane with their never ending, mildly chastising, and utterly unhelpful notices and vague instructions...
If you are the shareholder of an S Corporation, you may be confused about the correct way to report health insurance premiums paid on your behalf. You can slog through this publication from the IRS website: S Corporation Compensation and Medical Insurance Issues....
