But due to multiple programs and amendments, many businesses remain overwhelmed by complexity and afraid to risk making any RSM can assist businesses by offering DeferralsThe CARES Act provided employers and their advisors with significant payroll tax relief…
How Government Incentives Affect the Economy
Incentivization schemes encourage businesses to produce economic activity they would not have undertaken otherwise, prompting evaluations that factor this displacement into calculations and provide policymakers with useful data regarding whether an incentive is Tax SubsidiesTax subsidies are government breaks…
How Employee Benefits Can Help Employees Meet Their Financial Goals
Financial wellness benefits can help your employees reduce debt, save for future expenses more effectively and build resilience against unexpected From student loan assistance to budget coaching, these sought-after perks can make an immense difference to employee
Payroll Tax Relief For Employers in the COVID-19 Pandemic
Employers should work closely with their advisors and third-party payroll providers in assessing eligibility, calculating benefits, and claiming them in order to make the best use of these DeferralsDeferral is an accounting term that refers to postponing recognition of…
Government Incentives
Tax IncentivesGovernments offer tax incentives in hopes that they will draw in business investment and create State and local governments spend billions each year on business tax incentives; politicians often view them as valuable tools for economic development despite…
How to Measure, Value, and Compare Employee Financial and Non-Financial Benefits
Numerous benefits terms appear that analysts find misleading or imprecise, such as using “sales revenues” to denote the total financial value of an Ensures Financial SecurityEmployers want benefits that help employees address money-related concerns, including retirement funds, budgeting assistance…
COVID-19 Payroll Tax Relief
These programs will have an impactful and immediate effect on both employers who participated in the Paycheck Protection Program as well as those who did It is crucial for businesses to be aware of changes to their 2020 federal…
Unintended Consequences of Government Incentives
Though effective, these programs come at a significant expense to Critics argue that subsides create market distortions which leave consumers worse off than before the subsidies were in Tax IncentivesTax incentives provide businesses with reduced operating expenses and…
Employee Financial Benefits
Offering these desired benefits can help your employees build wealth, alleviate stress and boost Financial EducationFinancial education refers to the practice and knowledge of money skills such as budgeting, spending wisely, saving, debt and credit management and
Payroll Tax Relief – How to Qualify For Payroll Tax Relief in 2020
As an example, the 2020 Family First Coronavirus Response Act established a refundable Employee Retention Credit (ERC), which provides dollar-for-dollar reimbursement against payroll taxes The CARES Act extended this credit until DeferralsAs we know, a Presidential Memorandum authorized…