The Department of Treasury and the Internal Revenue Service (IRS) released new guidelines and provisions under NOTICE 2020-23 in response to the COVID-19 pandemic. These measures were intended to provide relief to taxpayers in the form of extensions to time-sensitive acts. Most notably under these provisions was the extension of the tax filing deadline to July 15, 2020.
The IRS has issued FAQs to provide guidance for taxpayers reporting the employee retention credit for certain employers subject to closure due to the COVID-19 crisis. It provides that the credit with respect to wages paid in March should be reported on the 2nd quarter 2020 employment tax return.
Many of you have probably have heard of “cross-training.” The term usually conjures up images of gym clothes-clad men and women sweating through workouts.
With this exercise approach, a person alternates their workout activities. The intent is to affect a more comprehensive range of muscles and to increase both cardio tolerance and muscle growth, with less chance of injury.
Back in the 80s, many a kid – and probably adults, too – dreamed of having their own Knight Industries Two Thousand - or KITT. KITT was the car co-star in the hit TV series, Knight Rider. The souped-up, technologically tricked-out Trans Am and his driver, Michael Knight, helped slam the brakes on crime for a private public-justice foundation.
They watched the Lone Ranger ride his white horse across the world’s first televisions and ‘cruised the circuit’ in their ‘woodies.’ They swiveled their hips with Elvis Presley, drove to the drive-in to make out, developed the ‘burbs, and received the first polio vaccinations. They witnessed the fall of segregation, the rise of mega-corporations, and the take-off of transglobal passenger flights. Through all of this, they were ‘swell’ and ‘groovy,’ and wore ‘boss threads.’
My father vowed that he and his sister would never subject my grandmother to the confines of a senior facility. We would care for her at home till her last day. But sometimes circumstances break the promises we intend to keep.
As my grandmother’s health declined, we were no longer able to provide for her properly. And in-home care equipment and staff for the round-the-clock support she required were well beyond anyone’s financial capability. With broken hearts full of worry and sorrow, we decided to relinquish her to a senior healthcare facility.
The crash of a Boeing 737 MAX Lion Air plane flew into the headlines in October 2018. Five months later, an Ethiopian airline 737 MAX crashed, sparking an immediate call for Boeing’s entire global fleet of the new aircraft to be grounded.
After World War II, the U.S. auto industry zoomed into dominance, setting the bar for the wages and skill levels of America’s industrial workers.
Without competition from foreign manufacturers, the accelerating demand for automobiles powered the success of The Big Three: Ford, Chrysler, and General Motors. Jobs were plentiful, training was accessible, and earnings were exceptional on the blue-collar scale. Auto industry jobs were revered.
Have you made mistakes? Sure. Did something dishonest? Possibly. Maybe you intentionally hurt your mother’s feelings or told a friend you already had plans when you didn’t.
Let’s go bigger: Perhaps you “relocated” some extra office supplies to your home office or parked in the handicap spot to “run in quickly.”
Let’s go bigger still: Maybe you misrepresented your tax deductibles or dented someone’s car and drove away without a note.
Are you satisfied with the Work Opportunity Tax Credit (WOTC) claims results that your Applicant Tracking System (ATS) or Human Resource Information System (HRIS) vendor captures for you? Should you be? Have you considered what a dedicated WOTC process software and services team could do for you and your business’ bottom line?
