The AB&P journal
Useful answers for the decisions owners make every week.
Clear guidance on the financial, payroll, and people questions that tend to become urgent when no one explains them early.
Payroll · 2 min read ·
Penalty Relief Related to Claims for ERTC
Taxpayers and tax professionals have requested that the IRS provide relief from penalties that arise from additional income tax that is owed for businesses. The reason for these requests is that the deduction for qual…
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Business · 4 min read ·
When is a Final Paycheck Due?
There can be many questions that come to mind when you find out that an employee is leaving your company. One responsibility is ensuring that the individual receives their final paycheck according to state and federal…
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Payroll · 2 min read ·
Electronic Payments VS Paper Checks
https://youtu.be/s4ByCLDH95g Are you primarily accepting and using paper checks for your business? Findings show that it may be time to make a shift from paper checks to electronic payments. For example, in 2015 finan…
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Business · 3 min read ·
Decrease in Check Payments
Businesses can now compare the costs of using various payment methods as the Association for Financial Professionals (AFP) has released the 2022 Payments Cost Benchmarking Survey . This survey looks at the following c…
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Business · 4 min read ·
Being Prepared for Change in Overtime Eligibility
There are approximately 43 million workers in the U.S. that are considered exempt under the Fair Labor Standards Act (FLSA), which means these individuals are not entitled to overtime pay when they work over 40 hours…
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Payroll · 3 min read ·
Tax Court Rules S Corp Payouts Are Wages
Background To understand this issue regarding S Corporation payouts as wages, you must first understand the difference between an S corporation and a C corporation. In an S corporation, income passes to the shareholde…
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COVID-19 · 10 min read ·
OSHA Emergency Temporary Standards
The following information was shared by HR Pilot from Tokio Marine: OSHA has released its much-anticipated Emergency Temporary Standards (“ETS”) that require employers with 100+ employees to be vaccinated or submit to…
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Payroll · 3 min read ·
What To Do When an Employee Always Shows up Late
https://youtu.be/4C6OMO3Vbuk An employee consistently being late can bruise the company’s productivity, waste time, hurt morale, and essentially waste money. As a boss, you want to care for your employees and extend g…
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Payroll · 3 min read ·
How to Retain Staff Amid Surging Turnover
Are you a business owner struggling to find the right employee to add to your staff or maintain the workers you currently have employed? The “Great Resignation” has brought about a significant number of employees leav…
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Business · 2 min read ·
How to Ensure You are Paying Workers Properly
Are you an employer that sometimes gets confused about how to properly pay your employees? Do you want to understand compensation rules to be in compliance? Today’s blog will give you some of the errors made when dete…
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Business · 2 min read ·
Deferred Payroll Taxes
https://youtu.be/cPFl1gmctPI Are you an employer that allowed your workers to defer their payroll taxes in 2020 into the year 2021? Or are you an employee whose employer allowed you to defer these amounts and you're w…
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Business · 3 min read ·
Impacts of the CAA, 2021 on Payroll
The Families First Coronavirus Relief Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security (CARES) Act had profound effects on payroll professionals. Now, as companies begin to close out their 2020 fisca…
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