• The Benefits and Concerns of the Payroll Deferral Program

    The Benefits and Concerns of the Payroll Deferral Program

    On August 8, President Donald Trump issued an administrative order enabling organizations to defer payment and withholding of some specific worker servings of Social Security taxes. Approximately three weeks afterward, the IRS (Internal Revenue Service) and the Department of the Treasury issued Notice 2020-65, which executed the administrative order. In this article, let us consider the Payroll Deferral Program on the big picture.Deferral is Optional for OrganizationsOrganizations may choose to defer the payment, deposit, and withholding of some workers’ Social Security tax of 6.2% for wages paid within September 1, 2020, and... Read More

  • How Different Types of Payroll Frauds can affect the Businesses?

    How Different Types of Payroll Frauds can affect the Businesses?

    Finance misrepresentation is one of the significant wellsprings of bookkeeping extortion and representative robbery. The extortion occurs in roughly 27%, everything being equal. Word related misrepresentation or extortion submitted by a specialist on an association makes more monetary misfortune organizations than the one submitted by outsiders.Finance misrepresentation is the robbery of money from a business through thefinance handling framework. Customarily, plans submitted by corrupt laborers last an all-encompassing period as they attempt to shroud their burglary while proceeding to serve the association. As indicated by the... Read More