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sick leave tax credits

Business Owners Can Claim Tax Credits for Employee Sick Leave

Bailey Scarano Blog / By

Under the American Rescue Plan Act of 2021 (ARP) ( P.L. 117-2), small and midsize employers and certain government employers are entitled to claim refundable tax credits that reimburse them for the cost of providing paid sick and family leave to their employees due to COVID-19. Keep in mind this also includes leave taken by […]

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IRS Investment

Treasury Encourages More IRS Investment

Bailey Scarano Blog, Tax & Money Tips / By

The Treasury Department recently released a statement discussing investment in the IRS and improving tax compliance. While roughly 99 percent of the taxes due on wages are remitted to the IRS, compliance on other forms of income is substantially less, because the IRS has had difficulty verifying whether income from unverified sources is properly reported.

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