An Employment Law Blog for Employers
The IRS Employee Plans Compliance Resolution System (EPCRS) permits any plan sponsor of a retirement plan (including SEP and SIMPLE IRA plans) to correct plan failures. Three correction programs exist:
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Continue Reading Updates to IRS Correction Principles for Qualified Plans
On March 31, 2020, the Internal Revenue Service (IRS) launched the Employee Retention Credit for employers who have been impacted by COVID-19. Below are details about the credit:
ELIGIBILITY
Effective January 1, 2020, employers should be using the revised Form W-4 in the new hire process. Click here to access the form from the IRS website. Employers may ask current employees to complete a new Form W-4 but…
Continue Reading Are You Using the New Form W-4?
For more information, please visit https://www.irs.gov/pub/irs-drop/n-16-04.pdf.
Continue Reading Deadlines for 6055 and 6056 Reporting Have Been Extended!
