tax Archives - Southland Data Processing

FUTA Tax Credit Reduction

December 16, 2022

Plan For Additional Tax Payments in January 2023 if you have employees in the following states: *The additional cost per employee listed above is based on the FUTA wage limit of $7,000. If an employee earned less than $7,000…

Quarterly Payroll Reminder – 2Q 2022

May 23, 2022

Southland Data Processing

Payroll, Payroll Updates

Payroll, tax

Reminder: Quarter-End Payroll Reminders Q2-22As you prepare to process your last payroll of the quarter, don’t forget to submit any quarter-end adjustments to Southland Data Processing by June 28, 2022. After June 28, 2022, corrections cannot be processed until all…

Employees stunned by smaller than expected refunds or even worse…they owe! What do I do?

March 24, 2022

Southland Data Processing

Human Resources

HR, tax

Many employers are dealing with employees questioning the amount (or lack thereof) of their tax refund this year. Here’s what you should do when approached with questions from employees about their tax withholding: Review the employee’s tax set up The…

Update: Form 941 Changes

July 10, 2020

Southland Data Processing

Regulatory Compliance

compliance, money, Payroll, tax

By now, we’re all pretty familiar with the Families First Coronavirus Response Act (FFCRA). The FFCRA requires employers to provide paid sick leave and paid family and medical leave for their employees under certain conditions related to COVID-19. The act…

CARES Act Deferral of Employer Social Security Taxes

June 23, 2020

Southland Data Processing

Regulatory Compliance

compliance, money, Payroll, tax

The Coronavirus, Aid, Relief and Economic Security Act (CARES Act) allows employers to defer the deposit and payment of the employer’s share of Social Security taxes and self-employed individuals to defer payment of certain self-employment taxes. As we near the…

eAlert: Pandemic Unemployment Assistance (PUA)

May 1, 2020

Southland Data Processing

Partner Update

business, Coronavirus, Employee, HR, management, money, Payroll, tax

Last week, we received new updates from the Employment Development Department (EDD) about the Pandemic Unemployment Assistance (PUA) program. Part of the CARES Act, this program helps provide unemployment benefits to business owners, independent contractors, self-employed, and others who do…

PPP Loan Analysis Report Explained

April 7, 2020

Southland Data Processing

Partner Update

business, Coronavirus, Employee, finance, HR, money, Payroll, reporting, SDPConnect, tax

Note: The U.S. Treasury has changed its guidance for how to implement the Paycheck Protection Program (“PPP”) several times since the original guidance was issued and we expect them to continue to do so. We are updating our report with changes…

How To Run a PPP Loan Analysis Report

April 7, 2020

Southland Data Processing

Partner Update

business, Coronavirus, Employee, finance, HR, money, Payroll, reporting, SDPConnect, tax

Note: The U.S. Treasury has changed its guidance for how to implement the Paycheck Protection Program (“PPP”) several times since the original guidance was issued and we expect them to continue to do so. We are updating our report with…

Unemployment Benefits Under the CARES Act

April 6, 2020

Southland Data Processing

Partner Update

business, Coronavirus, Employee, HR, management, money, Payroll, tax

The Coronavirus Aid, Relief, and Economic Security (CARES) Act became law on March 27, 2020, as a $2.2 trillion economic stimulus package. Designed to support individuals and businesses affected by the COVID-19 pandemic, the Act provides federal dollars at this…

FFCRA: New Rule and Guidance from DOL and IRS

April 4, 2020

Southland Data Processing

Partner Update

business, Coronavirus, Employee, HR, management, money, Payroll, tax

The Department of Labor (DOL) has released rules related to the administration of leave under the Families First Coronavirus Response Act (FFCRA) and answered more common questions on their Questions and Answers page. New FFCRA Leave Guidance in Temporary Rule…

tax

FUTA Tax Credit Reduction

Quarterly Payroll Reminder – 2Q 2022

Employees stunned by smaller than expected refunds or even worse…they owe! What do I do?

Update: Form 941 Changes

CARES Act Deferral of Employer Social Security Taxes

eAlert: Pandemic Unemployment Assistance (PUA)

PPP Loan Analysis Report Explained

How To Run a PPP Loan Analysis Report

Unemployment Benefits Under the CARES Act

FFCRA: New Rule and Guidance from DOL and IRS

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