APA extends fall exam window for CPP/FPC
The APA’s fall exam window has been extended and is open from September 5 – November 7, 2020. Candidates will be tested on laws and regulations in place as of January 1, 2020.
IRS unveils “Dirty Dozen” list of tax scams for 2020; Americans urged to be vigilant to these threats during the pandemic and its aftermath
IR-2020-160, July 16, 2020 WASHINGTON — The Internal Revenue Service today announced its annual “Dirty Dozen” list of tax scams with a special emphasis on aggressive and evolving schemes related to coronavirus tax relief, including Economic Impact Payments. This year, the Dirty Dozen focuses on scams that target taxpayers. The criminals behind these bogus schemes
U.S. DEPARTMENT OF LABOR SEEKS PUBLIC INPUT ON EFFECTIVENESS AND IMPACT OF PAID FAMILY LEAVE ON WOMEN AND FAMILIES
News Release WASHINGTON, DC – The U.S. Department of Labor today announced a Request for Information regarding the impact of paid family and medical leave on America’s workforce. Specifically, the Department’s Women’s Bureau is requesting comment on the effectiveness of current state- and employer-provided paid leave programs and the impact that access or lack of access to
IRS Releases Guidance on W-2 reporting for FFCRA
The IRS released guidance on how employers must report the amount of emergency sick leave wages and expanded family leave wages (together, qualified leave) paid to employees under the Families First Coronavirus Response Act (FFCRA) between April 1 and December 31, 2020 [Notice 2020-54, 7-8-20]. Employers are required to report these amounts either on Form
IRS release final draft of Form 941
The new Form 941 will be used beginning with the second quarter return (April 1 to June 30) that must be filed by July 31 (August 10 for employers that made timely deposits in full payment of their taxes for the first quarter). Final Form 941
Helpful Information for Returning Employees to Work
1. Chamber of Commerce -Standardized Employee Screening Questionnaire Return to Work Questionnaire 2. OSHA – Guidance on Preparing Workplaces for COVID-19 https://www.osha.gov/Publications/OSHA3990.pdf 3. U.S. Department of Labor – COVID-19 and the American Workplace https://www.dol.gov/agencies/whd/pandemic
IRS Tax Deposit & Correcting Forms Reminders and Due Dates
Semi-weekly depositors. Semi-weekly depositors must deposit the income tax they withheld from employee wages, and both the employee and employer share of Social Security and Medicare Taxes (FICA taxes), by the end of Wednesday if the payday was on the previous Wednesday, Thursday, or Friday; or by the end of Friday if the payday was on the
SBA, Treasury & IRS release interim final rules on PPP loan forgiveness and tax credits
1.Business Loan Program Temporary Changes; Paycheck Protection Program – Requirements – Loan Forgiveness https://home.treasury.gov/system/files/136/PPP-IFR-Loan-Forgiveness.pdf 2. Business Loan Program Temporary Changes; Paycheck Protection Program – SBA Loan Review Procedures and Related Borrower and Lender Responsibilities https://home.treasury.gov/system/files/136/PPP-IFR-SBA-Loan-Review-Procedures-and-Related-Borrower-and-Lender-Responsibilities.pdf 3. Foreign affiliates. https://home.treasury.gov/system/files/136/Interim-Final-Rule-on-Treatment-of-Entities-with-Foreign-Affiliates.pdf 4. Second extension of safe harbor for certification of necessity https://home.treasury.gov/system/files/136/IFR–Second-Extension-of-Limited-Safe-Harbor-with-Respect-to-Certification-Concerning-Need-for-PPP-Loan-and-Lender-Reporting-5-20-2020.pdf 5. New Employer Tax Credits
Hours of Service Truck Drivers Final Rule
Federal Motor Carrier Safety Administration (FMCSA) final rule(s) on hours of service key revisions to the existing HOS rules: Increasing safety and flexibility for the 30-minute break rule by requiring a break after eight hours of consecutive driving and allowing the break to be satisfied by a driver using on-duty, not driving status, rather than
Department of Labor Offers Families First Coronavirus Response Act Webinars
The U.S. Department of Labor’s (DOL) Wage and Hour Division (WHD) will offer three webinars the week of May 18, 2020, for employees, employers and state and local governments in the division’s Southeast region to educate them on the Families First Coronavirus Response Act (FFCRA). The webinars will provide information on FFCRA requirements including paid sick