Posts Categorized: Finance

Is your company eligible for Employee Retention Credits?

Insource's Rondi Champan explains how to claim for Employee Retention Credits (ERC)

Are you wondering if your company may be eligible for Employee Retention Credits? With many businesses considering the financial impact of lockdown measures taken in the last year, we wanted to shine a light on a way of claiming some of your employee costs incurred during the Covid pandemic: Employee Retention Credits. What is the… Read more »

The American Rescue Plan Act of 2021 – COBRA subsidy

On March 11, President Biden signed the American Rescue Plan Act of 2021 (ARPA) into law, https://www.congress.gov/bill/117th-congress/house-bill/1319/text ARPA provides additional relief to address the continued impact of the COVID-19 pandemic on the economy, public health, state and local government, individuals, and businesses, by extending and expanding on some of the previously enacted COVID-19 stimulus provisions… Read more »

Automating Accounting Functions During COVID Downtime

Finance Computer

The COVID-19 pandemic has shifted business focus in a number of ways. It has increased focus on engaging existing relationships and keeping workforces active while off-site. It also raised concerns for businesses about simply staying afloat in an uncertain economy. However, a period of forced remote work also presents business leaders with the opportunity to… Read more »

Update: Telecommuter Tax Due To COVID-19 (October 2020)

How to find and retain talent Insource Services

The Massachusetts Department of Revenue has provided an update to the ongoing Telecommuter Tax speculation for non-residential workers now working from home due to the COVID-19 pandemic. Due to social distancing measures and other restrictions, multiple states have declared states of emergency, resulting in businesses and employees adopting telecommuting arrangements. Insource has previously reported that… Read more »

New Hampshire Workers To Pay Work-From-Home Tax

Thousands of commuters face income tax while remote working due to the Coronavirus outbreak – but who does the New Hampshire Work From Home Tax really impact? The Massachusetts Department of Revenue has faced recent criticism for collecting income tax on out-of-state workers currently working from home due to the COVID-19 pandemic. Many New Hampshire… Read more »

How safe is your nonprofit?
Part 2: How do you prevent fraud?

At Insource we strive to make sure your nonprofit has everything it needs to operate efficiently and safely. With this in mind, we’ve created a series of blogs around keeping your nonprofit safe, covering important aspects of Finance, HR, and Technology. Last month we talked about how fraud could affect your nonprofit. Read below about…