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The employee retention credit is designed to encourage businesses to keep employees on their payroll. The amount of the credit is 50% of qualified wages paid up to an annual limit of $10,000, which equals a maximum credit amount...
Inside This Issue In the news: Jan. 31 filing deadline remains for employer wage statements, independent contractor forms Employers: Finalized version of 2020 Form W-4 now available New filing addresses for Form 941, employer’s quarterly federal tax returns IRS...
Small business owners should review the rules for filing two commonly-used employment tax returns. The two forms are: Form 944 Employer’s Annual Federal Tax Return Form 941 Employer’s Quarterly Federal Tax Return Small business owners should remember these two...
