payroll tax

May 14, 2020

Can Employees Change Their Health FSA Elections Midyear If Elective Surgery Is Postponed Due to the COVID-19 Pandemic?

QUESTION: One of our employees elected to contribute $2,500 to his health FSA for 2020 to cover the expense of anticipated elective surgery. Due to the […]
June 30, 2020

IRS Explains Economic Impact Payment Tax Implications – Federal Tax Update

In e-News for Tax Professionals, the IRS has explained the tax implications of receiving an economic impact payment (EIP). Background:  As part of the CARES Act, IRS […]