accountant payroll tax return Vermont 
ThomsonReuters
JULY 13, 2021
Generally, the payer does not withhold taxes from these types of payments, as it is assumed that the payee will report and pay taxes on this income when the federal income tax return is filed. The IRS’s most recent estimate of the tax gap was $441 billion. Form 1099-NEC took effect for the 2020 tax year.
ThomsonReuters
JUNE 28, 2021
Although it is possible to automate payroll systems to account for these minimum wage increases, it is a good idea for payroll professionals to be aware of these changes to avoid the possibility of underpaying employees. Now let’s go over some federal and state payroll stories from the past week. Federal News.
Expert insights. Personalized for you.
98 
Let's personalize your content