Updated Guidance and Resources from the IRS

Additional Relief with Respect to Employment Tax Deadlines Applicable to Employers Affected by the Ongoing COVID-19 Pandemic Notice 2021-11 (click here) provides that the end date of the period during which employers must withhold and pay the deferred taxes is postponed from April 30, 2021, to December 31, 2021, and associated interest, penalties, and additions […]

This Week in Committees

The following are selected items on committee calendars for the coming week that might be of interest to members.  Schedules are subject to change.  If you would like more in­formation on any of these issues or others of interest to you, please do not hesitate to contact us at info@aivt.org.  You can also review full agendas […]

New Legislation of Interest to Vermont Employers

The following are bills recently introduced that might be of interest to Vermont employers.  Text and other information about a bill’s status are available by clicking on the linked bill number.  Note that official statements of purpose might not fully reflect the purpose or effect of the bill.  If “SHORT FORM” is noted, the text […]

Updated Guidance and Resources from the IRS

Calculating Certain Agricultural W2 Wages Revenue Procedure 2021-11 (click here) provides methods for calculating W-2 wages for purposes of section 199A(g)(1)(B)(i), which, for certain specified agricultural or horticultural cooperatives  provides a limitation based on W-2 wages to the amount of a deduction under section 199A(g)(1)(A) of 9 percent of the lesser of qualified production activities […]

This Week in Committees

The following are selected items on committee calendars for the coming week that might be of interest to members.  Schedules are subject to change.  If you would like more in­formation on any of these issues or others of interest to you, please do not hesitate to contact us at info@aivt.org.  You can also review full agendas […]

Legislation of Interest to Vermont Employers

The following are bills recently introduced that might be of interest to Vermont employers.  Text and other information about a bill’s status are available by clicking on the linked bill number.  Note that official statements of purpose might not fully reflect the purpose or effect of the bill.  If “SHORT FORM” is noted, the text […]

Updated Guidance and Resources from the IRS

Revenue Ruling 2021-02 (click here) obsoletes Notice 2020-32 and Rev. Rul. 2020-27 due to the enactment of the COVID-related Tax Relief Act of 2020 (Act).  The Act retroactively amends the CARES Act to provide that no amount is included in the gross income of a Paycheck Protection Program (PPP) participant by reason of forgiveness of […]

New Changes to Paid Sick Leave and Family Leave Provisions of the Families First Coronavirus Relief Act (FFCRA) and Related Employer Obligations and Compensation

The new COVID relief legislation enacted December 27 made important changes to note regarding paid leave provisions of the FFCRA.  As you know, FFCRA created COVID-19 related mandatory paid sick and family leave coverage, with employers able to seek reimbursement through payroll tax credits. The original FFCRA provisions expire December 31; however, under the new […]

Updated Resources and Guidance from the IRS

Year-end delay for advanced payments of employer credits Due to standard end-of-year close out, employers will experience a delay in receiving payments associated with Forms 7200, Advance Payment of Employer Credits, processed between late-December and mid-January. The IRS will continue to accept and process valid Forms 7200 during this time, but the processing of payments […]