by CRI Payroll Services | Feb 24, 2021 | All Posts, HR Solutions, IRS, Payroll
All businesses need a solid payroll solution, whether from a payroll service provider or by just using payroll software. Even the smallest businesses benefit by automating and eliminating the hassles and tedium that come with payroll. It’s a never-ending process! But...
by CRI Payroll Services | Feb 24, 2021 | All Posts, COVID, HR Solutions, Payroll
The Employee Retention Credit (ERC) has some changes for 2021 and your business probably qualifies – even if you didn’t previously qualify for the ERC under the 2020 guidelines. The recently enacted Employee Retention Credit (ERC) provides additional support to...
by CRI Payroll Services | Feb 23, 2021 | All Posts
On October 11, the Social Security Administration (SSA) announced that the 2019 social security wage base will be $132,900, an increase of $4,500 from $128,400 in 2018 [SSA, Press Release, 10-11-18]. The FICA tax rate remains 7.65% for 2019 up to the social security...
by CRI Payroll Services | Feb 23, 2021 | All Posts
Eligible taxpayers may now deduct up to 20 percent of certain business income from domestic businesses operated as sole proprietorships or through partnerships, S corporations, trusts, and estates. The deduction may also be claimed on certain dividends....
by CRI Payroll Services | Feb 23, 2021 | All Posts
The Tax Cuts and Jobs Act (TCJA) changed deductions, depreciation, expensing, tax credits and other tax items affecting businesses. This side-by-side comparison can help businesses understand the changes and plan accordingly. Some provisions of the TCJA...