ProPay will be closed January 1, 2021. Please visit our calendar for payroll deadlines.
The IRS announced that the business standard mileage rate for transportation expenses paid or incurred beginning January 1, 2021, will be 56 cents per mile, down 1.5 cents from 2020 [Notice 2021-02, 12-22-20].
In addition, the 2021 standard rate for miles driven for medical or moving purposes will decrease to 16 cents per mile, down from the 17 cents-per-mile rate in effect during 2020.
The standard mileage rate for operating a passenger car for charitable purposes, which is set by law, will stay at 14 cents per mile in 2021.
The first 2021 Employee of the Month is awarded to Ms. Rolanda Wilson. She continues to go above and beyond to help her coworkers and strives to improve her skills as a Payroll Specialist.
We will begin processing year-end reports the first week of January. Please be watching for your quarterly reports via email, or the delivery method you requested. W-2's will be sent to the employer no later than January 25th. If you would like them delivered in a different manner than normal delivery, please let us know.
2020 has been a busy year, with a lot of changes. To make sure taxpayers don't miss out on tax benefits or make mistakes, they can take a few simple steps now to make filing their taxes easier in 2021. An important first step to getting taxes ready is to gather all tax records. It may also help discover potentially overlooked deductions or credits.
Business tax transcripts will soon look a little different. Beginning December 13, the IRS will conceal some information on business tax transcripts to better protect people from possible identity theft. A transcript is basically a summary of a tax return. Tax pros use transcripts to prepare prior year tax returns or represent the client before the IRS. Lenders and others use tax transcripts to verify income.
Paycheck Protection Programs (PPP) borrowers may be eligible for loan forgiveness if the funds were used for eligible payroll costs, payments on business mortgage interest payments, rent, or utilities during either the 8-or 24-week period after disbursement. Click the link below to learn more!
Please welcome Ms. Haley Ford to our Team!
She grew up in the Panhandle, graduating from Palo Duro, and has two beautiful children. Haley started with us this month in packaging and has proven to be an outstanding worker.
We are lucky to have Ms. Ford and look forward to her future here at ProPay!