Employers must prepare for a variety of changes to the payroll landscape as federal and state agencies grapple with the long-term effects of the coronavirus pandemic, payroll professionals said March 15.
The pandemic has affected unemployment taxation, nexus guidelines, and paid leave requirements. Employers must keep track of virus-related developments to implement effective compliance strategies, the professionals said at the American Payroll Association’s online Capital Summit.
Unemployment Tax Costs
Employers are likely to see a combination of increased unemployment tax costs and unemployment tax relief measures to address the rise in unemployment caused by the coronavirus outbreak, said Mindy Mayo, ...