Employees are more likely to behave honestly on the job when they believe an employer is committed to their well-being and career advancement. That’s what a survey of supermarket employees found . It was conducted by the Workforce Development Group, the Food Marketing Institute and Purdue University. The study concluded that employees who have positive… Continue reading

As millions of people sign up for COVID-19 vaccines across the United States, dishonest people see yet another opportunity to defraud, cheat or steal from unsuspecting victims. Don’t let yourself be swept up in these types of scams. Too often, these con artists make promises that they can’t keep, including offers of faster access to… Continue reading

The earned income credit (EIC) has been around for years. But it’s never been worth as much as it will be for 2021 under the new American Rescue Plan Act (ARPA). Some favorable changes are only for the 2021 tax year; others are permanent. Here are the details.     Important: Many people report too much income to… Continue reading

The U.S. Department of Labor (DOL) has recently taken action on the criteria for determining independent contractor status, rescinding regulations that were enacted as recently as two weeks prior to President Biden’s inauguration in the last days of the Trump administration. That means what’s old is new—the regulations in force now are left over from… Continue reading

The pandemic has adversely affected many sectors of the U.S. economy, causing widespread job losses. At the start of the national emergency, Congress created a novel tax break—the Employee Retention Credit (ERC)—to entice employers to retain employees. But three different laws have created and changed the credit, which has led to significant confusion. Here’s a… Continue reading

The American Rescue Plan Act (ARPA) significantly liberalizes the rules for the federal child tax credit, which means more money in the pockets of eligible parents this year. However, the liberalizations are only for the 2021 tax year. Here’s the story. Pre-ARPA Rules Before the ARPA, there was one set of rules for parents who… Continue reading

Be aware that criminals are using stolen identities to open accounts and file fraudulent claims for unemployment benefits with state agencies across the United States.  Many victims of this crime have no knowledge that criminals have applied for unemployment insurance (UI) benefits in their name. Signs that you may be a victim of this crime… Continue reading

Tax season has started. Your SSB tax professional is ready to prepare your 2020 federal and state returns—but are you ready? The pandemic has led to several changes to the tax rules for last year. Here’s a summary of four taxpayer friendly changes that may affect your 2020 federal income tax return. Limited Charitable Deduction… Continue reading