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.
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.
Employers who deferred their portion of social security taxes should pay close attention to the upcoming December 31, 2021, deadline to begin repayment.
The IRS and many state tax agencies are experiencing processing delays as they continue to wade through a backlog of correspondence.
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.
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 (HSAs) can offer a cost reduction to employers, along with a way for employees to save for their short and long-term healthcare needs.