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Payroll

Holiday bonuses: Great for everyone’s morale but yours

10/26/2017
Employees usually receive their bonuses in December, but Payroll must begin planning for them now. Here’s what you need to know.

1,099 miscellaneous reasons why you’re stressed out now

10/26/2017
Completing Forms W-2/W-3 and getting them into employees’ and the Social Security Administration’s hands on time is challenging enough. Your stress compounds exponentially if you also handle Forms 1099-MISC for the company’s independent contractors. Here’s what you need to know for the upcoming 1099 filing season.

Master compliance challenges that follow natural disasters

10/18/2017
Unless planned and executed properly, employers’ emergency procedures may run afoul of many federal, state and local employment laws.

2018 FICA wage base, withholding allowances, retirement contributions

09/28/2017

The Social Security Administration has announced that the taxable wage base for the Social Security portion of FICA will increase to $128,700 in 2018. The amount employees can contribute to 401(k) and 403(b) retirement accounts will increase to $18,500 for 2018.

All-States Chart on Worker Classification Tests

08/28/2017
To ensure that you stay on the right side of worker classificiation, this chart lists the states and the tests they use to determine workers’ status.

October 2017: Employer’s business tax calendar

08/24/2017
Here’s your monthly guide to critical payroll due dates.

401(k) plan loans: Figuring the payback is a @#$%&!

08/24/2017
The IRS generally frowns on 401(k) plans that allow employees to take out loans. And it has come down like a hammer when employees whose accounts hold more than $100,000 in vested benefits take out multiple loans during the same year.

In the Payroll Mailbag …

08/24/2017
Employee name/SSN mismatch problems … Can a bonus be withheld for child support? … I-9s for temps and distance workers

California on track for FUTA credit reduction

08/24/2017
California is the last state standing from the 2008 economic downturn to be liable for a FUTA reduction, since it has yet to repay loans it took out to shore up its unemployment trust fund.

Swindled payroll clients come up short in the end

08/24/2017
The IRS does not have to return to a bankruptcy estate a bankrupt payroll service bureau’s tax deposits that were collected from clients, but that were embezzled, a federal appeals court has ruled.