Payroll Today

Alice Gilman, Esq., is an expert in payroll and tax compliance who has covered payroll issues for more than 30 years. She’s written and edited several leading payroll publications, including Business Management Daily’s Payroll Legal Alert, the Research Institute of America’s Payroll Guide, Prentice Hall’s American Payroll Association’s Basic Guide to Payroll and the Payroll Manager’s Letter. She’s also the editor of Business Management Daily’s Payroll Compliance Handbook and The Complete FLSA Compliance Kit.

Page 1 of 10123...10...Last »

An article appeared in the business section of my weekly newspaper this past Sunday, which discussed the possibility of tax reform and how it might impact employees. There were some giant inaccuracies that were like finger nails on a blackboard. So let’s dissect them …

With their W-2s in hand, really conscientious employees have already made a dent in their 2016 taxes. Others will start soon. Employees may naturally turn to you with tax refund questions (after all, you don’t charge for answers, like their accountants do). These early filers may be anxious to get details about their tax refunds. Misunderstandings and speculation about refunds proliferate on social media and the web. Let’s do some tax refund myth busting …

Last week, President Trump nominated federal Judge Neil Gorsuch to fill the seat of the late Justice Antonin Scalia on the U.S. Supreme Court. Gorsuch currently sits on the 10th Circuit Court of Appeals, which encompasses Colorado, Kansas, New Mexico, Oklahoma, Utah and Wyoming. It doesn’t appear that Gorsuch has ruled on any recent payroll tax cases. Too bad for us. But he has tackled some other interesting tax issues. Let’s take a look …

The IRS, state tax agencies and the tax prep industry have renewed warnings about an email scam that began last tax season. The scam uses a real corporate officer’s name to request employees’ W-2s from a company’s Payroll or HR department.

We know you’re struggling with your W-2s, which are due to employees and the Social Security Administration in a scant week. So, today we’re offering a little distraction—payroll and tax humor.

In the hustle and bustle of preparing your paper and electronic W-2s for the Social Security Administration and for delivery to employees, it’s easy to let state filing deadlines slip through the cracks. Here’s the most recent news on state W-2 filing deadlines …

Nope, we’re not referring to the looming consolidated, accelerated W-2/1099-MISC filing deadline of Jan. 31, 2017, although that’s bad enough. While you were making merry last month, the Congressional Budget Office was busy pinpointing areas of the Internal Revenue Code that could be squeezed to close the budget gap.

Some, but not all of your Forms 1099-MISC, must be provided to payees and filed with the IRS by Jan. 31, 2017—28 days from now. Your goal: to file all of your 1099-MISC forms accurately the first time. Here are some last minute tips you might find useful.

An end-of-year memo from Payroll

by on December 21, 2016 2:58pm
in Payroll Today

For Payroll, next month will put meaning to the phrase “stupid busy.” So, to avoid the annual onslaught of questions from employees about their W-2s, you should prepare a memo for them and stuff it in with their next pay statement. Here’s a template you can use …

The IRS and its partners in state tax agencies report that they’re doing a better job of stopping stolen identity refund fraud, or SIRF. Last tax season, for example, individuals reporting stolen identities on federal tax returns fell by more than 50%. For the coming tax season, the IRS and state tax agencies are taking even more aggressive steps to combat SIRF.

Page 1 of 10123...10...Last »