Payroll Announcements

Payroll Clients: October quarterlies will be posted to your portal by November 5, 2020. 2022 Paid Family Leave Benefits: The maximum PFL benefit in 2022 has remained unchanged at 67% of the employee's average weekly wage, not to exceed 67% of the statewide average weekly wage, which is $1,068.36 per week. The maximum allowable duration of a PFL claim has remained unchanged at 12 weeks. The 4-year tiered PFL benefit roll-out was reached last year and will remain the same going forward. In 2022, the employee contribution is 0.511% of an employee's gross wages each pay period. The maximum annual contribution is $423.71. Paid Family Leave contributions are deducted from employees' after-tax-wages. For more information click here.

Employee Retention Credit Information Request

If you are eligible for the Employee Retention Credit, please notify our Payroll Manager, Libby Lonski at llonski@alliedfp.com or (585) 410-6733 ext. 129, before October 15 to ensure that the ERC is included in your third quarter return for a faster refund. The Employee Retention Credit is a refundable tax credit against certain employment taxes. The rules for the 2021 credit were expanded to include businesses that had either experienced a full or partial shutdown or had seen a more than 20% quarterly decline in gross receipts.   Eligible businesses can deduct up to 70% of up to $10,000 in qualified wages paid per employee per quarter — bringing the total annual amount of potential credit to $28,000 per employee this year. That's a significant bonus for certain businesses. The size of businesses that can claim the wages of all employees — versus only the ones that were working during the quarter — also changed for 2021. In 2020, businesses that had averaged more than 100 employees generally couldn’t claim all wages, but in 2021, that number went up to an average of 500 employees.   For more information about the Employee Retention Credit click here. Contact your accountant if you have questions or if you are unsure if you qualify for the Employee Retention Credit .

FEMA Covid-19 Funeral Assistance

The COVID-19 pandemic has brought overwhelming grief to many families. Under the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 and the American Rescue Plan Act of 2021, FEMA is providing financial assistance for COVID-19 related funeral expenses incurred after January 20, 2020. Click here to view the Funeral Assistance Policy and eligibility information.

Caring for Aging Parents

Thanks to healthier lifestyles and advances in modern medicine, the worldwide population over age 65 is growing. In the past decade, the population of Americans aged 65 and older has grown 35%, and is expected to reach 94.7 million in 2060. As our nation ages, many Americans are turning their attention to caring for aging parents. For many people, one of the most difficult conversations to have involves talking with an aging parent about extended medical care. The shifting of roles can be challenging, and emotions often prevent important information from being exchanged and critical decisions from being made. When talking to a parent about future care, it’s best to have a strategy for structuring the conversation. Click here to review some some key concepts to consider.

Fast Forward Monroe

APPLICATIONS DUE BY OCTOBER 8th at 5PM! We wanted to make you aware of a COVID relief opportunity for businesses located in Monroe County, NY. What is this program? Monroe County's Fast Forward Monroe program is targeting those who have been negatively impacted by the COVID-19 crisis. The effort consists of a grant program designed to provide direct financial aid and customer outreach support to local small businesses, with a focus on those in greatest need. How will it be decided who is selected to receive a grant? Applications will be reviewed at the close of the application period. The grant program will emphasize diversity in distributing funds, prioritizing minority and women-owned businesses; businesses in highly-distressed zip codes; those who have yet to receive COVID-related aid (including previous Fast Forward Monroe grants); and those seeking to hire or bring back furloughed/laid-off employees. How do I apply? Click here to visit the application page. Complete details about the FastForwardMonroe program are available here. If you are not located within Monroe County we encourage you to look into programs in your area. We will continue to send out information about similar programs as information becomes available.

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Help our team grow! Allied Financial Partners is always looking to attract new talent. If you or someone you know is interested in joining our team check out the opportunities page on our website.

Online Credit Card Payments Payments to Allied CPAs, PC and Allied Payroll Services can be made online at www.alliedfp.com. Look for the Make A Payment button on the top right corner of our website. AFP accepts Mastercard, VISA and Discover. Please note: Electronic payments cannot be accepted for financial planning or investment services.

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Buffalo | (716) 694-0336 Cooperstown | (607) 282-4161 Oneonta | (607) 432-3462 Perry | (585) 237-3887 Rochester | (585) 410-6733 Victor | (585) 410-6733

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Allied Payroll Services is bonded.  Securities offered through Registered Representatives of Securities America, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Securities America Advisors, Inc., a Registered Investment Adviser. Tax services provided by Allied CPAs, PC. Allied Financial Partners and Allied CPAs, PC are not affiliated with Securities America. To be eligible for the Rochester Chamber Top 100, businesses must be privately held, headquartered in the nine-county Rochester region, and have earned at least $1 million in revenue in each of the three most recent fiscal years. The Rochester Chamber Top 100 is computed based on revenue growth, taking into account both dollar and percentage growth. Top Workplaces Award is given based on employee survey results.