We started our W-2 series feature earlier this year, giving us more time to explore W-2 issues, which, based on questions we’ve been encountering, are beginning to...
I know there are plenty of possible strategies for your business, and you might be thinking I am suggesting adding a new one. But for now, I am not (necessarily)...
HR administration is an essential component of running a small business, but it’s often one of the most challenging to manage in the early stages of small business or...
The IRS has kept its promise to provide relief to employers that filed Forms 941-X to claim the pandemic-era employee retention credit for which they aren’t eligible....
The FBI and the Cybersecurity & Infrastructure Security Agency recently issued an alert to critical infrastructure companies warning them of a new ransomware...
The IRS is so serious about IRIS, its new simplified e-filing platform for information returns, that it’s convening monthly working group meetings over the internet....
Welcome to Cybersecurity Awareness Month. With many high-profile cybersecurity attacks in the news in recent years, it’s worth paying extra attention to the topic....
The debate over on-demand pay continues to be waged—is it a loan or a wage advance? The answer matters, because state wage payment laws control the deductions you can...
Proposed regulations raising the salary employees must earn to be exempt from overtime were published in last Friday’s Federal Register. You have until Nov. 7 to...
The saga of 401(k) catch-up contributions under SECURE 2.0 is well known. Beginning with catch-up contributions to be made next year, employees whose Social Security...
Final regulations implement the Taxpayer First Act by requiring you to e-file all your information returns—your W-2s, 1099s, 1095s, and other information returns—if...
The IRS and the National Taxpayer Advocate have been going at each other hammer and tongs over the mountains of paper forms the agency still processes. The NTA, for...
Direct deposit is a closed loop. You send the payroll file to your bank a few days before payday and your bank sends files through the ACH network to employees’ banks....
While some scammers and phishers are using the U.S. mail for their own nefarious purposes, the main avenues for tax scams remain email and text messaging—these methods...
Mail scams may be making a comeback, but the quickest, easiest, and most efficient way for a scammer or phisher to steal employees’ identities is to hack into your...
Are you eager to launch a startup or new business? Or were you recently promoted to a financial role in your organization? Either way, you’ll need to master the basics...
Direct deposit works through the Automated Clearing House (ACH) network—you instruct your bank to prepare a payroll file and it disburses employees’ pay...
While fortunately a rare circumstance, dealing with payroll for a recently deceased employee can be tricky. What pay is taxable? What do you do with their final...
The NBA finals started last week—the Denver Nuggets vs. the Miami Heat. Basketball is our second favorite sport, mostly because you don’t need to know all the rules...
