“What percentage of your job is driven by laws and regulations,” asked Alice Jacobson, Esq., the American Payroll Association’s director of government relations....
Cryptocurrencies aren’t legal tender. This hasn’t stopped employees from wanting to be paid in crypto. Nor has it stopped Fidelity Investments from offering crypto...
Your first-quarter Form 941 is due Monday, May 2. So you have two more days to ensure your form is correct (yay!). But of course, those two days fall on the weekend...
We admit we were thrown for a loop after reading the IRS’ latest fact sheets on reporting pandemic-related paid leave to employees on Form W-2c. Sometimes it’s best...
If the IRS were Superman, paper would be its kryptonite. That’s our analogy to the Taxpayer Advocate’s annual report to Congress regarding the IRS’ well-known...
There’s a reason the IRS rolled out some new tools and beefed up some old tools on its website this filing season—it’s still bogged down with last year’s...
The IRS has released a new round of FAQs in two fact sheets, both of which clarify the circumstances under which you must provide employees with Forms W-2c if you took...
Tax lawyers should be able to do their own taxes, don’t you think? With minimal help, of course. So I was confident last weekend as I set about preparing our taxes....
Last year, the Department of Labor released a trio of documents advising employers with 401(k) plans about cybersecurity. The DOL is backing up the advice in those...
The Employee Benefits Security Administration has had an on-again, off-again approach to whether employers can allow 401(k) investment choices to promote social,...
If you think you’re immune from an employee lawsuit alleging a breach of fiduciary duty over the investment choices you offer in your 401(k) plan, think again. The ink...
Computer security is an unfortunate fact of modern payroll administration—especially right now, when phishers and scammers know you and your staff are busy and...
Tax season is right around the corner. For business owners, the month of January is the time to prepare and send out tax information for employees and nonemployees that...
There are no tax penalties for incorrectly coding items reported in Box 12 of your W-2s. Phew! But you’re not walking away scot-free. The IRS uses those codes to...
The NCAA basketball tournament is called the Big Dance. Football has the Superbowl. Jan. 31 is Payroll’s day. This is the date employees must receive their W-2 copies...
What comes after omicron? We shiver at the answer. What we thought were temporary changes in response to the pandemic may not, in fact, be so temporary, especially if...
Lots of House and Senate committees have their fingers in the Build Back Better Act pie. The BBB—the budget reconciliation bill—already passed the House. The Senate...
The employee retention credit expired retroactively and earlier than many employers had anticipated—at the end of the third quarter, instead of the end of the fourth...
If you deferred depositing your 6.2% share of Social Security taxes last year, the time to make your first payment is approaching quickly. Half your deferral is due Jan....
As the year ends, questions of taxes, domicile, and residency should be top of mind for employers looking to avoid any unnecessarily complex tax issues in the new year....
