Constructive receipt is a tax timing rule requiring you to withhold taxes when employees’ pay is set aside for them to access without restriction, regardless of when...
When Silicon Valley Bank in California and the Signature Bank in New York failed last week, employers with accounts at those banks began to fret they wouldn’t be able...
Congress routinely showers small businesses with tax preferences. And now is the time to think about them, since the tax-filing deadlines for calendar-year corporate...
We’ve been waiting for the IRS to release final regulations on mandatory e-filing of information returns for quite some time. Once it missed this year’s W-2/1099-NEC...
Back in 2020, the Department of Labor released a Field Assistance Bulletin to its investigators, which concluded that an employee who worked in the office, ran errands...
Most employers are probably familiar with the e-filing process. However, mistakes can be expensive and draw unwanted attention from the IRS. With that in mind, even if...
We wish we had a crystal ball, but we don’t. Nevertheless, 2023 is looking like another challenging year for Payroll as we get a few insights into what to expect. Here...
Without any fanfare at all, the IRS included new guidelines for electronic W-4s in the 2022 edition of Pub. 15-T. You’d be forgiven if you missed it since the IRS...
It is the end of the year, and that means that tax season is approaching. While individuals have until April 18, 2023, to file their personal income taxes, businesses...
A debt-free education courtesy of your employer sounds nice, but it’s not so straightforward. While many companies and HR teams may be well-intentioned, there’s...
The IRS released Forms 1095-C and 1094-C for 2022 healthcare information reporting last week. These forms are required reporting under the Affordable Care Act for...
What was once a more straightforward question, has caused some confusion since 2020. Does local income tax withholding follow the wages or the person? If it follows the...
Some stores have already brought out the holiday decorations and Christmas music. However, Payroll teams are busy preparing for a different season — year-end...
Regardless of the sales pitch, on-demand pay is a boondoggle for Payroll. Every vendor will tell you why their on-demand pay program is worry-free for Payroll—it’s...
Someone asked recently if we have a one-page document explaining the revised W-4 that HR can provide to new employees who may not have filed a W-4 in years. We’ve...
Employees file their W-4s and then forget about them. Whether they know it or not, when you withhold employees’ income taxes based on those W-4s, you’re introducing...
Do you hate tax cheats enough to turn them in? In your own company? Would it matter if you received a portion of the IRS’ recovery as a reward?
Recently, we discussed...
Ethics, our handy Webster’s Dictionary tells us, is the study of standards and moral judgment. Lawyers have a code of ethics running to booklet form and so do doctors...
There were at least 11 on-demand pay vendors at the American Payroll Association’s Annual Congress last month, not including the national third-party payroll...
Payroll compliance is no small task. Everyone knows that executing payroll accurately and on time is important, after all everyone wants to get paid for their world....
