In August, a Presidential Memorandum was issued allowing the deferral of the employee’s portion of Social Security tax withholding, which is 6.2% of wages. This is a deferral, not forgiveness…..
Type: Blog Post
President Trump’s Executive Orders for Pandemic Relief. What you Need to Know.
On August 8th President Trump signed four executive orders to extend federal pandemic relief. This post highlights the four executive orders and provides details for each. The four executive orders consist of the following…
How Scammers Are Faking WA Unemployment Claims (And What You Can Do About It)
There have been many reports about false unemployment claims being filed for people that are still employed and did not initiate the process. It’s been reported that there have been “hundreds of millions of dollars” lost to fraudulent claims so far in WA State alone. This post provides information you will need, helpful links, and additional steps you can take.
PPP and Loan Forgiveness – Things to Consider Now
You have a loan or an application pending – what’s the next step? One certainty is that the Paycheck Protection Program (PPP) has been a challenging process for many businesses. Businesses are hung up in the application process, awaiting funds, or have received funding. Regardless, it’s time to plan for the next steps to ensure that whatever funds are received, the max is forgiven.
5 Business Processes to Review in a Crisis
As a business owner, it’s hard to anticipate what the next disruption to our business will be. The only thing that we expect is that it will be something we don’t expect. So, how can you maintain a level of internal control and safety in the “new” business processes? What fraud risks should you revisit? Now is a good time to review the following five business processes. Get all the details in this post.
CARES Act and Retirement Plans (What You Should Know)
The Coronavirus, Aid, Relief, and Economic Security (CARES) Act signed on March 27, 2020, contained several provisions related to eligible retirement plans. Some of the provisions are options such as the distribution and loan provisions while others are mandatory, namely the waiver of 2020 required minimum distributions. Learn more.
COVID-19 Email Scams (How to Protect Yourself)
The spread of COVID-19 has dramatically changed the way we live and work. And it’s also brought on a variety of scam tactics. And now, more than ever, you need watch out for Phishing or Scareware emails looking to get you to open an attached file or click on a site link. Read this post to learn more about them and how to protect yourself.
Washington Legislature Has Done It Again—Workforce Education B&O Surcharges Undergo Overhaul
On Feb. 11, less than 45 days after the Workforce Education Investment Act surcharges began Governor Jay Inslee signed S.B. 6492. This bill nixed the three-tier formula and completely overhauled the tax increase implementation.
Have a Side Gig? What You Need to Know About Paying Taxes.
An increasing number of people are taking advantage of opportunities to earn extra income with side jobs or “gigs”. Do you have a Side Gig? If so, this blog post details what you should know about paying taxes in the expanding gig economy.
The SECURE Act Is Changing Retirement. (What Does It Mean for You?)
On December 20, 2019, President Trump signed “The Further Consolidated Appropriations Act of 2020,” which includes provisions of the SECURE Act (Setting Every Community Up for Retirement Enhancement). What does it mean for you?