This coming year-end is going to be like no other, thanks to the accelerated, consolidated W-2/1099-MISC filing deadline of Jan. 31, 2017, and the fact that you no longer will be able to apply for an automatic extension of time to file your W-2s with the Social Security Administration. The earlier you start your year-end prep, the better off you’ll be.
Sometimes you walk into a mess and other times you have a mess thrust upon you.
S corps aren’t the only businesses to run up against the IRS when it comes to determining whether salaries are reasonable. Regular tax-paying C corporations run into the problem, too.
You withhold 75% of all child support payments. That’s a considerable sum. So, when the federal Office of Child Support Enforcement highlights payroll initiatives in its fiscal year 2017 budget request, Payroll managers take notice.
If you administer payroll for a partnership, say, a law or accounting firm, you have problems. The IRS recently released temporary and proposed regulations that reiterate its position on partnerships.
Shockingly (or maybe not), more than half the attendees at the APA’s identity theft workshop acknowledged that they were bait for the phishing expedition undertaken earlier this year to steal employees’ W-2 information by spoofing a company’s executives.
Does your state require you to provide employees with short-term leave?
Here’s your monthly guide to critical payroll due dates.
“I’ll get to it tomorrow” isn’t a winning legal strategy.
Over 70% of the federal government’s ready cash is obtained through withholding. That puts you in the crosshairs for new compliance initiatives from the IRS and its in-house lawyers from the Tax Division at the Department of Justice (DOJ).