Help When Needed: Apply the Research Credit Against Payroll Taxes By: David M. Reape Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject to limits, you can elect to apply all or some […]
The CARES Act Effect on Employer’s Payment of Payroll Taxes A question was recently posed regarding an employer’s ability to defer payment of Social Security taxes, if they receive a Payroll Protection Program (PPP) loan. According to the IRS, employers […]
Employers: Beware of a harsh payroll tax penalty By: Linda Zevnik CPA CSA If federal income tax and employment taxes (including Social Security) are withheld from employees’ paychecks and not handed over to the IRS, a harsh penalty can be imposed. To make […]