By Erica Kasper Content Marketing Manager Let’s do a little word association. What comes to mind when you see the following terms? Payroll. Taxation. Employee retention credit. Compliance. Form 941. If this list is confusing, or worse, makes you want to curl up into a ball, you’re not alone. Thanks to COVID-19, the payroll landscape […]
Read More “Four Things to Look for in an HR and Payroll Software Provider”
By Laura Detsch Compliance Officer On August 8, 2020, the President signed a memorandum with the subject line of: Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster. This memorandum’s intent was to provide temporary relief to support working Americans during these challenging times. During the period of September 1, 2020, through December […]
By Erica Kasper Content Marketing Manager Form 1099-NEC is new for the 2020 tax year. This form is used to report non-employee compensation and takes the place of box 7 on the previous Form 1099-MISC. While Form 1099-NEC may seem unfamiliar at first, it has a long history that outlines why it was discontinued and […]
Read More “1099-NEC – Prepping for Year-End in the Middle of the Year”
By Laura Detsch Compliance Officer For payroll folks out there, we know that employees like to get those W-2s on January 1st, even though they technically can’t file their individual returns yet. If we pause to do a reconciliation first, it may save some work and confusion ahead for both you and your employees. Many of you are familiar with the IRS Form […]
By Erica Kasper Content Marketing Manager I started a new job this week: Content Marketing Manager at Greenshades Software. Usually, the first day of a new job is spent touring the building, meeting the other employees, and filling out paperwork. For me, the first day began when I was greeted at the office door by […]
By Laura Detsch Compliance Officer There is a draft version of the IRS Form 941X (Rev. July 2020) available. The final version is expected to be available by the end of September 2020. This revision incorporates the additional elements related to the changes implemented on the Form 941 (Rev. April 2020) and 941-SS (Rev. April 2020), which factored in the payroll […]
By Laura Detsch Compliance Officer 2020 will certainly be a year to remember. COVID-19 has created many IRS reporting challenges for those opting to receive the credits provided by the federal government. The latest change is the requirement to report any information regarding the qualified paid sick and emergency family leave that will need to […]
By Bethany Knittel Channel Marketing Manager More than 10 percent of employers misclassify at least one worker as an independent contractor according to numerous state-level studies. Unlike strong quarterly financial reports, misclassifying a worker is never good news. Being adequately informed about the impactful differences between an employee and an independent contractor from a tax filing and […]
Read More “To Contract or Not to Contract: Proper Classification of Workers”
By Bethany Knittel Channel Marketing Manager Summer – the much-anticipated time of year when school is out, watermelon is back in season and sunshine is calling your name! We love summer here in the Sunshine State, home to our Greenshades Headquarters in sunny Jacksonville, FL. Normally, these summer rays see our Greenshades faces flying all over the nation visiting […]
by Marc Moschetto Acting CMO Like most Americans, you’ve likely been inundated with advice related to COVID-19 and how to contend with the current (hopefully temporary) state of work. Of course, these are important discussions to have and the advice is extremely valuable, but it can get to a point of saturation: a point where […]
Read More “Five Tips for the Bustling Payroll & HR Professional”
