Remove what-is-form-941
article thumbnail

A Practical Guide to Claiming the COBRA Premium Assistance Tax Credit

Proskauer's Employee Benefits & Executive Compensa

Over the last few months, employers and plan administrators have concentrated on identifying qualifying individuals eligible for COBRA premium assistance under the American Rescue Plan Act of 2021 (“ARP”), sending out proper notices , and collecting election forms. What Taxes are Offset by the Credit? How Is the Tax Credit Claimed?

Taxes 40
article thumbnail

COBRA subsidy FAQs: Answers to the most common questions

Benefit Resource Inc.

Please continue to check our blog page for updates on this developing topic. What benefits are eligible? What is the subsidy period? What types of notifications are required? A summary of the subsidy provisions is to be attached and includes a form for individuals. Administrative Procedures & Actions.

article thumbnail

Tips for Employer Taxes

BerniePortal

*This blog is adapted from the HR Party of One episode, Tips for Employer Taxes, which you can view below. Tax season is among us - so today, we’re covering what HR Parties of One need to know. So that’s income tax, but what about FICA? What does FICA stand for, anyway? So what are the FICA requirements?

Taxes 52