IRS Releases Second Drafts of Redesigned 2020 Form W-4 and Withholding...
The Internal Revenue Service (IRS) has released second drafts of the completely redesigned 2020 Form W-4 and new Publication 15-T, Federal Income Tax Withholding Methods for use in 2020, which...
View ArticleIRS Issues Draft of Proposed 2020 Form W-4
The IRS has published a draft of the 2020 Form W-4, Employee's Withholding Allowance Certificate, which incorporates changes made by the 2017 Tax Cuts and Jobs Act.
View ArticleWage Theft to Be a Felony Under New Colorado Law
A new Colorado law makes it a felony for an employer to fail to pay employee wages. Wage theft has been seen as a significant issue, particularly in the construction industry.
View ArticleStudent Loan Repayment Legislation Proposed
Congress has introduced legislation to increase the ability of employers to provide student loan repayment benefits to their employees.
View ArticleIRS Releases 2019 Inflation Adjustments to Fringe Benefits and Income Taxes
The IRS has released Revenue Procedure 2018-57, which lists the inflation adjustments for a variety of employer-provided fringe benefits for 2019.
View ArticleIRS Issues 2019 Retirement Plan COLAs and Fringe Benefit Limitations
The IRS has released the 2019 cost-of-living adjustments (COLAs) to the dollar limitations on benefits and contributions to qualified retirement and deferred contribution plans.
View Article2019 Social Security Taxable Wage Base Marks Notable 3.5% Increase
The Social Security taxable wage base - the ceiling on the 6.2% Social Security portion of FICA taxes - will be $132,900 in 2019. This represents a 3.5% increase over the 2018 taxable wage base of...
View ArticleIRS Says Reimbursement of 2017 Moving Expenses Are Tax-Free In 2018
The IRS has announced in Notice 2018-75 that, for federal income and employment tax purposes, reimbursements or payments an employer makes in 2018 to an employee or a moving company for qualified...
View ArticleDOL Issues Opinion Letters on Rest Breaks, Travel Time and Garnishments
The US Department of Labor opined about how to ascertain travel time by employees without regular working hours, whether frequent rest breaks required by a "serious health condition" are compensable,...
View ArticleNew Scams Target Employees' Payroll Direct Deposits
The FBI is warning employers of new email phishing scams targeting employees to gain access to their direct deposit information on the company's self-service payroll platform. Once the fraudsters...
View ArticleIRS Renews Warning of Form W-2 Scams Targeting HR and Payroll
The IRS is again warning about an email scam that seeks to trick HR and payroll professionals into providing employees' Forms W-2 containing their personal identifying information. When cyber criminals...
View ArticleIRS Issues Highly Anticipated Form W-4 Guidance in Wake of Tax Reform
The IRS has published Notice 2018-14, providing much needed guidance on Form W-4 due to the significant changes made by the recent tax reform law.
View Article2018 Withholding Tables Reflect Tax Reform Law
The IRS issued the 2018 income tax withholding tables reflecting the changes in the tax rates and brackets, the repeal of personal deductions and the increase in the standard deduction made by the tax...
View ArticleMassive Tax Reform Legislation Will Have Drastic Impact on Employers
On Saturday, the Senate passed its version of historic, sweeping tax reform legislation known as the Tax Cuts and Jobs Act (H.R. 1). The massive, 500-page bill will have a drastic effect on the...
View Article2018 § 401(k) and Other Retirement Plan Limits Increase, Fringe Benefit...
The IRS has released the 2018 cost-of-living adjustments (COLAs) to the dollar limitations on benefits and contributions to qualified retirement and deferred contribution plans, such as § 401(k) plans,...
View Article2018 Social Security Taxable Wage Base Inches Up, Benefit COLAs Up More
The Social Security Administration has issued inflation-adjusted figures for 2018, including the Social Security taxable wage base, the earnings tests for retirees who return to work, and the Social...
View ArticleIRS Issues Optional "High-Low," "Special" Per Diem Rates for 2017-2018
The IRS has issued the "high-low" and "special" federal per diem rates effective for business travel undertaken on or after October 1, 2017, through September 30, 2018.
View ArticleIRS Permits Tax-Exempt Leave-Based Donations to Aid Hurricane Harvey Relief...
The IRS has announced that it will permit employers to set up tax-favored leave-based donation programs to aid victims of Hurricane Harvey. Under such programs, employees can donate some of their...
View ArticleFederal Standard Per Diem Rates Increase for Fiscal Year 2018
The General Services Administration (GSA) has announced the per diem rates that apply to the lower 48 Continental United States (CONUS) for the federal government's fiscal year 2018, which begins...
View ArticleOCSE Guidance Helps Employers Report Terminated Employees Subject to Child...
The Office of Child Support Enforcement (OCSE) has updated its guidance materials regarding the requirement to report terminated employees who are subject to a child support withholding order.
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