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At FocusPay Solutions, we are committed to providing you with quality service and solutions that help simplify your process, allowing you to......run your business.

Here you will find regular tips to help your organization be a more productive and efficient workplace.


Table of Content

  1. What's the Deal With Health Savings Accounts?
  2. For Retro ERC, Use Form 941-X
  3. Is This Your Situation: Sorting Out Payroll Categories

What's the Deal With Health Savings Accounts?

Health Insurance -1086628020-1

Health savings accounts are paired with high-deductible health plans for an especially adaptable insurance and savings program. HDHPs have large deductibles that members must meet before receiving coverage. Participants meet those deductibles by contributing their own money to HSAs. The government does not tax these funds as long as they're used to pay for qualified medical expenses. Continue reading. Continue reading.


For Retro ERC, Use Form 941-X

tax -1221686380-1

Form 941-X, Adjusted Employer's Quarterly Federal Tax Return or Claim for Refund, maybe your key to getting all the Covid relief your business is entitled to. It's a 30-page form, and the rules are complex, but here are the basics. Continue reading.


Is This Your Situation: Sorting Out Payroll Categories

Independent Contractor 1124400624-1

Distinguishing between independent contractors and employees is important for both tax and financial reasons. In order to comply with federal tax laws, you've got to be crystal clear about your workers' status and keep accurate records no matter what. Here's how to distinguish between independent contractors and employees – and why it's important. Continue reading.

Montgomery: 1784 Taliaferro Trail, Suite A | Montgomery AL 36117

www.focuspaysolutions.com

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