Businesses May See Payroll Costs Climb Due to Virus Complexities

With each passing virus relief measure, accountants and payroll software providers have seen their workloads increase—a trend that may lead to businesses having to pay more for their services.

The government has employed a number of tactics to help struggling businesses and individuals cope with the economic fallout of the pandemic. These include payroll tax deferrals, forgivable loans, and refundable tax credits to reimburse employers for costs incurred providing paid sick and family leave to their employees because of Covid-19.

The changes have created a great deal of complexity for accountants and software providers that help businesses manage their ...