The first payment deadline for deferred payroll taxes is quickly approaching and employers should be prepared to make payments.
Senate Finance Committee Build Back Better language largely leaves House Bill unchanged. SALT language omitted as well as billionaires' tax.
Employers need to react quickly to the new guidance to pay in amounts as if they were incurred on Dec. 31, 2021.
The IRS issued Notice 2021-63, clarifying previous guidance pertaining to the deductibility of food and beverages provided by a restaurant.
The IRS has released its annual cost-of-living adjustments for retirement plan limits, effective Jan. 1, 2022.