HCM Insights

hcm_insights_newsletter

September 2021


Upcoming Holiday

While Columbus Day is a federal holiday, CBIZ HCM offices will remain open on Monday, October 11, 2021. Learn how this holiday may impact payroll draft dates.

Updates: American Rescue Plan Act of 2021

Several provisions under the American Rescue Plan Act (ARPA) of 2021 are set to expire on September 30, including the Paid Sick and Family Leave Tax Credits and COBRA Premium Subsidy.

How to Repay Deferred Employer Social Security Taxes

Employers who deferred their portion of social security taxes should pay close attention to the upcoming December 31, 2021, deadline to begin repayment.

State and Federal Tax Agency Processing Delays

The IRS and many state tax agencies are experiencing processing delays as they continue to wade through a backlog of correspondence.

IRS Sends Erroneous Penalty CP161 Notice

Some employers who reduced their tax deposits in anticipation of tax credits may have mistakenly received a failure-to-deposit penalty notice from the IRS.

Federal Student Loan Payments

Employers should continue to suspend garnishments on federally held student loans as the US Department of Education has granted a final extension to borrowers.

Health Savings Accounts Save Employers & Employees

Health Savings Accounts (HSAs) can offer a cost reduction to employers, along with a way for employees to save for their short and long-term healthcare needs.

 

 

 

Past Issues
August 2021
Labor Day & National Payroll Week
Is Remote Work Here to Stay?
CBIZ Recognized Nationally
Workers' Compensation
Fiscal UI Rates
July 2021
Requiring the COVID-19 Vaccination
Employee's Cash Flow Challenges
Juneteenth - New Federal Holiday
Cybersecurity Best Practices
Fiscal UI Rates
June 2021
Independence Day
Minimum Wage Updates
HR Solutions For Your Organization
Hurricane Preparedness
Employee Engagement
2022 Health Savings Account Limits
May 2021
Memorial Day
COBRA Premium Subsidy
EEO-1 Component 1 Data Collection
Financial Wellness Tools
CBIZ First-Quarter Results
Fiscal UI Rates