All employers should review this notice from the Maine Department of Labor:

Beginning with the first payroll with a pay date in January, employers with at least 1 Maine-based employee have new obligations under the Maine’s new Paid Family and Medical Leave law. Employers should take immediate actions to prepare by following the steps on this page: WhatEmployersNeedtoKnowJanuary2025.pdf.

To learn more about the program, please review these Frequently Asked Questions and learn more about the Maine Paid Leave Portal by listening to this webinar: https://www.youtube.com/watch?v=mAOSk0-3Wq0.

For additional information and to stay up to date on the program, visit Maine.gov/paidleave.

Effective September 30, 2024, QuickBooks intends to stop selling several QuickBooks Desktop subscriptions to new subscribers or users with an outdated subscription. These include:

• QuickBooks Desktop Premier Plus
• QuickBooks Desktop Mac Plus
• QuickBooks Desktop Pro Plus
• QuickBooks Desktop Enhanced Payroll

Existing subscribers with an active subscription will not be impacted by the change and may continue to renew their subscriptions after the deadline.

Please note: Unsupported versions (versions prior to 2022) of QuickBooks Desktop do not receive Intuit technical support or the latest updates and security patches. It is critical to remain on a supported version of QuickBooks Desktop to ensure technical support if the application crashes.

We recommend that clients with a QuickBooks Desktop Application of 2021 or older consider purchasing a new QuickBooks Desktop subscription before Monday, September 30, 2024.

To learn more about the changes, please visit this article.

The Internal Revenue Service issued a consumer alert on July 15th, 2024 following bad advice circulating on social media about a non-existent “Self Employment Tax Credit” that’s misleading taxpayers into filing false claims.

Promoters and social media are marketing something they describe as the “Self Employment Tax Credit” as a way for self-employed people and gig workers to get big payments for the COVID-19 pandemic period. Similar to misleading marketing around the Employee Retention Credit, there is inaccurate information suggesting many people qualify for the tax credit and payments of up to $32,000 when they actually do not.

In reality, the underlying credit being referred to in social media isn’t called the “Self Employment Tax Credit,” it’s a much more limited and technical credit called Credits for Sick Leave and Family Leave. Many people simply do not qualify for this credit, and the IRS is closely reviewing claims coming in under this provision so people filing claims do so at their own risk.

To continue reading the article, click here.