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Payroll Management

Ineffective payroll management and shoddy payroll systems can result in personal liability (including JAIL TIME) for non-compliance.

Business Management Daily helps our readers with information on payroll processing and tips on timesheets that will help you to implement payroll programs that pay off.

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The IRS’ standard mileage rate, which you can use to reimburse employees who drive their own cars on business, increases to 54.5¢ a mile for 2018, up one penny from the 2017 rate.

Here are digests of some recently released official announcements from the federal government.

One S corp convinced the Tax Court that payments it made to its president and sole shareholder were loan repayments, and not wages. Warning: the IRS isn’t taking this sitting down.

Here's your monthly guide to critical payroll due dates.

You probably think about W-2 security much more often than, say, your IT department does. Here’s what you and your IT department can do now to stop W-2 scammers from getting into your data.

To W-2 or not to W-2? ... Are unsubstantiated FSA reimbursements taxable?

Senate tax reform negotiators have begun incorporating some ACA repeal elements into the tax code rewrite. None of this has stopped the IRS from releasing key information regarding the ACA for the coming 1095 filing season and the 2018 plan year.

Beginning Jan. 1, 2018, the minimum wage for nonexempts who work on or in connection with new federal contracts or replacements for expiring contracts, increases 15¢, to $10.35 an hour.

The Equal Employment Opportunity Commission has announced that for technical reasons, employers need not report W-2, Box 1 data or hours worked data on the EEO-1.

Elves are employees; Santa is the one who has to worry about W-2s. You can still make elfin-like merry at the company’s holiday party, and have time to shop for presents, if you get these preholiday tasks out of the way now.
Here’s the scoop on what you need to know to ensure a smooth year-end process, plus a chart summarizing each state’s W-2 e-filing thresholds and due dates.

Once the IRS sinks its teeth into you, it rarely lets go. One taxpayer found this out the hard way, when the IRS came after him at least three times for payroll taxes he had already paid.

Congress is wrestling with changes to the tax rates and brackets for 2018 as part of its tax reform effort, which may force the IRS to delay issuing the 2018 withholding tables. Ho, ho, ho, indeed.

Here's your monthly guide to critical payroll due dates.

W-2s for employees who claim exempt on their W-4s ... Who pays tax on raffled gifts?
If employees are nonexempt, their work-related emailing, texting or other use of electronic devices can leave you liable for a surprise overtime bill. A recent court decision points out that this isn’t always the case.
Employees often have one question for you upon being told that they’ll receive bonuses: Can I avoid income tax withholding? Opinions vary about whether you should answer at all, since it’s received wisdom that you shouldn’t give tax advice. But is that all there is to it? Maybe not.

Use this chart to determine whether you must report health benefits on employees’ W-2s.

Yes, it is possible to beat the IRS in court—and make it pay your attorneys’ fees, as well. The Tax Court ruled that an employee who proved in court that she wasn’t responsible for 100% of her company’s unpaid payroll taxes was able to collect attorneys’ fees from the IRS.
The W-2 year-end process is burdensome enough. The last thing you need to worry about is filing Forms 1099-MISC for your independent contractors. Good news: The IRS has yet to issue final regulations restricting the circumstances under which you may apply for an extension of time to file.
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