If you aren’t staying organized and well-prepped when it comes to your payroll records, your business, no matter the size will suffer for it. It is about a lot more than tracking your staff payments and benefits, it’s the glue that helps to ensure the smoothest of...
Introduction The period is considered effective for businesses as there are sales throughout the period, people are hired especially in retailing firms during the period, and many companies prepare their balance sheets during this period. Well, in the festive season,...
Introduction Payroll management is the backbone of any organization and an efficient system is vital for a business. Payroll is not just about ensuring that employees are paid on time, it also entails making the right calculations, following the set laws and...
Introduction Payroll is a fundamental element of any organization since it deals with employees’ remuneration. Nonetheless, the processing of payroll can be cumbersome and filled with errors that will cost the organization a lot of money besides exposing it to various...
In the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Congress clearly intended for recipients of forgiven PPP loans to be able to deduct otherwise-deductible expenses associated with those loans for tax purposes. But the IRS has contradicted...
Simplified PPP Loan Forgiveness Process In October 2020, the Small Business Administration (SBA), in consultation with the Treasury Department, made the process easier for forgiving the Paycheck Protection Program (PPP) loans. On the SBA website, businesses...
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