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Payroll

Paid Family & Medical Leave Opt-In Process

Posted on December 22, 2020January 17, 2021 by Karen

We have just received information on the process for a church or religious organization to opt in to the program, as posted on the PFML website: If you are

Posted in Payroll

Annual Massachusetts Health Insurance Reporting Requirement — due by December 15

Posted on December 1, 2020December 23, 2020 by Karen

Health Insurance reform has changed from year to year, at both the federal and state levels.  Effective November 2018, any Massachusetts employer with six or more employees is required to

Posted in Payroll Tagged Massachusetts

Another PPP Simplification

Posted on October 9, 2020October 9, 2020 by Karen

On October 8th, the SBA released Form3508S, to be used by employers whose PPP loans were $50,000 or less. This form asks for your verification that all of the

Posted in Payroll Tagged SBA PPP

Clergy Withholding and the new W-4

Posted on September 28, 2020May 12, 2022 by Karen

According to IRS rules, income tax withholding for ministers is voluntary.  If you do not complete a W-4 form, or if you indicate “exempt”, no federal tax will be

Posted in Payroll Tagged clergy, taxes

Workers’ Compensation COVID-19 Savings

Posted on September 4, 2020September 4, 2020 by Karen

If you (as a Massachusetts employer) paid any of your employees or 1099 contractors for time that you were closed due to COVID-19 and they were not performing any work

Posted in Congregational Finance, Payroll Tagged COVID-19, Workers Compensation

September 1 Payroll Tax Deferral

Posted on September 2, 2020September 4, 2020 by Karen

On August 8th, President Trump declared that he was deferring the collection of the employee portion of FICA, a 6.2% payroll tax that funds retirement and disability payments to American

Posted in Payroll Tagged payroll

FFCRA Compliance for Q2

Posted on July 7, 2020January 18, 2021 by Karen

Every employer must comply with the Families First Coronavirus Response Act, which gives two weeks of paid leave for COVID-related absences that occur between April 1 and December 31, 2020.

Posted in Payroll 1 Comment

PPP Forgiveness Updates

Posted on June 16, 2020July 19, 2020 by Karen

On June 5, the Paycheck Protection Program Flexibility Act was signed into law, extending the time period during which employers have to use the funds and have their loan forgiven.

Posted in Payroll Tagged SBA PPP

PPP Loan Forgiveness Application

Posted on June 2, 2020June 2, 2020 by Karen

The SBA has released their PPP Loan Forgiveness Calculation Form, PPP Schedule A, and PPP Schedule A worksheet. Your bank may have their own loan forgiveness application, but

Posted in Payroll Tagged SBA PPP

CARES Act Employee Retention Credit

Posted on May 31, 2020June 2, 2020 by Karen

If you did not receive a Paycheck Protection Program loan, you may be eligible for an Employee Retention Credit of up to $5,000 per employee. This credit is calculated based

Posted in Bookkeeping, Payroll

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