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Payroll

Withholding allowances are down, but not out, for 2020

11/14/2019
The good news, such as it is, is that the IRS can’t completely ditch withholding allowances, even though it’s dropped the word Allowance from the W-4, officially renaming it Employee’s Withholding Certificate. Here are our estimates of the 2020 withholding allowances.

IRS releases 401(k) COLA, other 2020 benefits amounts

11/07/2019
The amount employees can contribution into their 401(k) or 403(b) accounts increases by $500, to $19,500 for 2020, the IRS announced.

December 2019: Employer’s business tax calendar

10/31/2019
Here’s your monthly guide to critical payroll due dates.

In the Payroll Mailbag: November ’19

10/21/2019
W-2s: Pay to play? … Reporting taxable perks for VPs

Clock winds down on WOTC

10/21/2019
The Work Opportunity Tax Credit provides an elective general business credit to employers that hire individuals who are members of one or more targeted groups. Maximum credit per employee: $2,400.

Proposed regs raise the value of company vehicles

10/21/2019
The base value of company vehicles that qualify for a simplified method of determining employees’ personal use of company vehicles—the fleet valuation rule or the standard mileage rule—increases substantially under proposed regulations.

2019 W-2s: No changes to reporting health benefits

10/21/2019
Use this chart to determine whether you must report health benefits on employees’ W-2s.

FICA wage base increases to $137,700 in 2020

10/10/2019
The Social Security Administration has announced that the 2020 taxable wage base for the Social Security portion of FICA increases to $137,700.

November 2019: Employer’s business tax calendar

09/30/2019
Here’s your monthly guide to critical payroll due dates.

DOL opinion letters address FMLA, FLSA, CCPA

09/23/2019
The Department of Labor’s Wage and Hour Division recently issued three opinion letters addressing employer-submitted questions about the FMLA, the Fair Labor Standards Act and the Consumer Credit Protection Act.