Access the
Virginia Department of Taxation (VATAX)
here.
The Virginia Department of Taxation (VATAX) is the state agency responsible for administering and enforcing tax laws in the Commonwealth of Virginia. VATAX works to ensure compliance with state tax regulations and provides resources and assistance to taxpayers in fulfilling their tax obligations.
The Employee Retention Credit, or ERC, is sometimes referred to as the Employee Retention Tax Credit (ERTC). This is a valuable tax credit offered to businesses and tax-exempt organizations during COVID.
This credit was designed to encourage employers to keep their workers on payroll, providing a significant financial incentive even during difficult economic times. While the ERC is no longer active, eligible employers can still claim this credit retroactively.
Holiday pay can be a cornerstone of workplace satisfaction and competitive hiring. If you’re running a business or managing a team, you already know the stakes — morale, retention, and compliance. A holiday pay policy can be a successful HR strategy.
At its core, holiday pay is straightforward. It means compensating employees on recognized holidays, whether they’re clocking in or taking the workday off. It may sound simple, but it isn’t. Without a clear company policy, misunderstandings can arise, morale can plummet, and the potential for compliance risks looms large.
Every business knows the drill: Taxes don’t end with your annual filing.
Form 941, the employer’s quarterly federal tax return, is a regular checkpoint with the IRS. Each quarter, it’s your business’s way of reporting what you’ve collected and paying what you owe.
This guide will walk you through what Form 941 covers, who needs to file, and how to keep it accurate. We’ll also share how Mosey can help you manage state compliance.
Kaitlin Edwards |Nov 29, 2024
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