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Last Week in Payroll: Summertime Tax Tips

ThomsonReuters

Let’s go over a few summertime tax tips for payroll professionals this season: 1) Interns. The Vermont Department of Taxes has updated its guidance for remote workers. For the latest in tax, accounting, and payroll news, visit tax.tr.com/blog. Remote worker guidance.

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Trendspotting: Top Ten Payroll Issues of State Legislatures

ThomsonReuters

States eye workforce as a legislative priority for payroll The majority of state legislatures began their legislative sessions this January. A flurry of bills is being proposed in the payroll space — many having to do labor and employment. One bill is proposing to put PFMLI on the ballot ( House Bill 1994 ).

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Last Week in Payroll: Backup Withholding

ThomsonReuters

Now let’s take a look at some of the more important payroll stories from the past week. Vermont has announced that the unemployment tax rates for employers beginning on July 1, 2021 are increasing. The post Last Week in Payroll: Backup Withholding appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

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Employer Payroll Tax Obligations When Employees Work Out-Of-State

Anders CPA

This changing employment landscape requires employers to reassess their payroll tax withholding processes to ensure you are withholding the proper amount of state, local and unemployment taxes from your employees’ wages. Contact Anders The post Employer Payroll Tax Obligations When Employees Work Out-Of-State appeared first on Anders CPA.

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Last Week in Payroll: Minimum Wage

ThomsonReuters

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.

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ESG Payroll Spotlight: Just Transition for the Workforce Toward a Net-Zero World

ThomsonReuters

that is tasked with accounting all workers in the fossil fuel energy sector as well as the anticipated closure dates of fossil fuel plants, nuclear power plants, and coal mines, and the impacts of closures including layoff numbers, early retirements, and salary changes. Vermont Climate Council. Initial Vermont Climate Action Plan.

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Last Week in Payroll: Repaying Deferred Social Security Taxes

ThomsonReuters

COVID-19 related claims filed between March 14, 2021, through July 3, 2021, will not be charged against employer accounts. . Unemployment accounts not chargeable for unemployment benefits. . The post Last Week in Payroll: Repaying Deferred Social Security Taxes appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

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