COVID-19 Resources: FFCRA & CARES Acts

In the past two weeks, two major pieces of legislation have been passed in response to the COVID-19 pandemic: the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security Act (CARES). Having supported small and mid-sized businesses for two decades, PeopleStrategy is striving to continue that effort during this unprecedented..
Read more

New law on trade preferences doubles ACA penalties. Huh? And uh-oh!

It’s true. On June 29, 2015, the Trade Preferences Extension Act became law and, unbeknownst to many, the act included a provision to amend Internal Revenue Code sections 6721 and 6722 to increase the per-employee penalties on applicable large employers for failing to properly file ACA information returns or provide payee statements. The increased penalties will apply to Forms..

Read more