Month: January 2021

Employers Can Get Tax Credits for Providing Required COVID-19 Paid Leave

Small and midsize companies have been particularly hard hit over the past year by COVID-19. And while those employers been stretched to their limits by paying out large sums for sick leave and family leave due to the pandemic, some help is available.… Read more about Employers Can Get Tax Credits for Providing Required COVID-19 Paid Leave (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Unemployment Recipients May Not Know Their Benefits Are Taxable

The Department of Labor reported a staggering 75.9 million initial unemployment insurance benefits claims from January 5, 2020 to January 2, 2021. The number of weekly claims spiked in March, underscoring the devastating financial impact of the COVID-19 pandemic and creating millions of first-time unemployment recipients who might not realize that those benefits are taxable.… Read more about Unemployment Recipients May Not Know Their Benefits Are Taxable (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Employers Can Withhold, Make Payments of Deferred Social Security Taxes from 2020

A recently released notice allows employers who elected to defer certain employees’ taxes to withhold and pay those deferred taxes throughout 2021 – instead of just the first four months of the year.… Read more about Employers Can Withhold, Make Payments of Deferred Social Security Taxes from 2020 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

McKenna Consulting CPA

700 Commerce Dr #250
Woodbury, MN 55125

3618 Bailey Ridge Cir
Woodbury, MN 55125

PHONE: 651-402-6987
E-MAIL: [email protected]