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....
The end of the year is a hectic time for payroll staff and business owners. While the year is winding down, the payroll department is ramping up to prepare for the end...
HR departments are more frequently offering expansive and creative new “lifestyle” benefits, which are being packaged along with health benefits during open...
2021 is coming to a close. For businesses and employers, that means end-of-year accounting and W-2 filing is right around the corner. However, with frequent changes,...
So before we turn our attention to post-season baseball, let’s sort through some pandemic-related payroll questions that have come to our attention.
Must we factor...
Yes, it’s almost that time of year again—W-2 reporting time. (We can hear the groans already.) And no, we’re not referring to those proposed regulations dropping...
The budget reconciliation bill Congress is currently considering is a key piece of legislation and will affect your payroll and benefits administration, as well as...
Form W-4: Employee’s Withholding Allowance Certificate is an IRS form employers give new hires to fill out in order to determine the amount of tax to withhold from...
It’s hurricane season, but the storms don’t simply stop there. While your payroll department may not come with a torrent of wind and rain, it might be embroiled...
Anyone starting a new job must fill out Form W-4: Employee’s Withholding Certificate. Employers use the information provided on this Internal Revenue Service...
Small business owners sometimes feel overwhelmed by the various tax-related forms the IRS expects them to complete. Many turn to professionals for assistance, especially...
Although things are starting to calm just a little, the impacts of pandemic-related legislation, sudden moves to remote work, and more are still being felt. Now is when...
Small business owners discover quickly that success takes more than just a great idea. Oftentimes serving as their own HR department, they take responsibility for a...
If you find your employees covering business-related expenses out of pocket, you need a plan to reimburse them. While this might seem simple initially, you must consider...
