Earlier this month, the Internal Revenue Service (IRS) released guidelines on reporting qualified sick leave and family leave wages paid in compliance with the Families First Coronavirus Response Act (FFCRA). Employers will be required to report the amounts paid either on Form W-2 or a separate statement. For Employees Due to the COVID-19 pandemic, employers… Read more »
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. This week: We’re talking about financial fraud. At this particular time, while nonprofits may… Read more »
The Small Business Administration (SBA) has finally released the form used for Paycheck Protection Program (PPP) Loan Forgiveness. The PPP is an SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. Introduced to provide a direct incentive for small businesses to keep their staff on payroll, the SBA offers loan… Read more »
The state of Massachusetts requires all Massachusetts employers with more than 6 employees to comply with the Health Insurance Responsibility Disclosure (HIRD) filing. This was adopted as part of the 2018 revisions to the Commonwealth’s Employer Medical Assistance Contribution (“EMAC”) legislation. The Health Insurance Responsibility Disclosure (HIRD) form is a state reporting requirement in Massachusetts. The… Read more »
A new wire fraud scam is targeting your direct deposit info. Here’s what you need to know. Our clients have been seeing more and more of a recent scam which is targeting the HR functions of businesses, convincing employees to swap out your direct deposit banking information to an offshore account. This is often in… Read more »
Choosing accounting software can be a challenging project for any organization. Each software option includes a different set of features, and most offer multiple pricing plans to choose from, which also vary by feature, number of users, or other factors. In our experience, the more planning and preparation you put into the project, the greater… Read more »
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