Notice 2021-26 addresses the taxation of dependent care benefits provided through a dependent care assistance program (DCAP) that are made available in taxable years ending in 2021 and 2022 due to the application of either the carryover or the extension of a claims period made available under § 214 of the Taxpayer Certainty and Disaster Tax […]
BREAKING NEWS: Common but costly errors employers should avoid when filing taxes or claiming credits
Employers filing employment tax returns and claiming an employer tax credit should read the instructions for Form 941 and carefully complete the form to avoid mistakes. Using a reputable tax preparer including a certified public accountant, enrolled agent or other knowledgeable tax professional can also help avoid errors. Mistakes can result in a processing delay or a balance due notice, which could mean […]
The U.S. Department of Labor today announced the withdrawal – effective May 6 – of the “Independent Contractor Rule,” to protect workers’ rights to the minimum wage and overtime compensation protections of the Fair Labor Standards Act (FLSA). The Department is withdrawing the rule for several reasons, including: The independent contractor rule was in tension with the […]
By Jennifer L. Mora On April 28, 2021, Philadelphia Mayor Jim Kenney signed Bill No. 200625 which, effective January 1, 2022, prohibits employers from requiring prospective employees to undergo testing for the presence of marijuana as a condition of employment. Currently, only New York City and Nevada have similar drug testing restrictions, but we expect this trend to continue. Nevada prohibits […]
The U.S. Department of Labor today announced a final rule delaying portions of the 2020 Tip final rule until December 31, 2021. The remainder of the 2020 Tip final rule will become effective April 30, 2021 including the rules addressing: A prohibition on employers, including supervisors and managers, keeping tips received by workers, regardless of whether […]
Updated Apr. 27, 2021 Summary of Recent Changes Updates as of April 27, 2021 Guiding principles for fully vaccinated people are now provided. Underscores that immunocompromised people need to consult their healthcare provider about these recommendations, even if fully vaccinated. Fully vaccinated people no longer need to wear a mask outdoors, except in certain crowded […]
Employers Have Until July 19, 2021 to Submit Two Years of EEO-1 Component 1 Data After delaying the opening of the 2019 EEO-1 Component 1 Data Collection on May 8, 2020 in light of the COVID-19 public health emergency, the U.S. Equal Employment Opportunity Commission (EEOC) announced today that the 2019 and 2020 EEO-1 Component […]
The U.S. Department of Labor’s Wage and Hour Division has launched the Essential Workers, Essential Protections initiative to ensure that workers know about the wage and hour laws that protect them – and how to contact us to get the help they need. We are very pleased to share with you additional materials and information to support this initiative: […]
DOL Issues Guidance on the American Rescue Plan Act COBRA Subsidy On March 11, 2021, President Biden signed into law the American Rescue Plan Act (ARPA) that contains a new, temporary COBRA subsidy. From April 1, 2021 through September 31, 2021, the ARPA requires employers to cover 100% of an employee’s cost of continuing group health coverage […]
The premium tax credit helps pay for health insurance coverage bought from the Health Insurance Marketplace. Eligible people can choose to have all, some, or none of the estimated credit paid in advance directly to their insurance company on their behalf. These payments – which are called advance payments of the premium tax credit, advance credit payments, […]