262: End of the Year To-Do’s for Company Payroll

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It’s been a weird year for just about everyone and everything, the economy included. So, this year’s end-of-year to-do list is a little weird, too.

To help us understand what’s different this year and some of the unique opportunities available to us, we sat down with Dee Gray, Client Service Specialist at Rea & Associates. We talk about COVID-19 sick pay and the credits available, as well as W2 reporting, Employee Retention Credit, Social Security deferral options—both employer and employee—and W2 issues involved in the employee deferral.

Listen to this episode of unsuitable to learn:

• COVID-19 sick pay and how it affects W-2 reporting
• The effect of employee retention credits
• Social security deferral options and the potential issues involved

Learn more about this topic:

• Watch: "New CARES Act Funding To Help Small Business & Nonprofits"
• Read: "Payroll Tax Deferral Insight"
• Read: “IRS Issues Guidance That Impacts Deductibility Of Expenses Related To PPP Loan Funds”

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