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Alabama Overtime Tax Law: Tax Break for Employees, Required Reporting for Employers

Patriot Software

Understand the new Alabama overtime tax law that exempts employees' overtime earnings from state income tax. Get the details and reporting requirements for businesses. Read More

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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: Federal Employment Taxes

ThomsonReuters

In general, the federal income tax, Social Security tax, FUTA tax, Medicare tax, and Additional Medicare tax are considered employment or payroll taxes. These two federal laws contained payroll-related provisions aimed at helping employers and employees during the pandemic. Payroll tax relief. Worksheet 5. Federal News.

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Heads Up! Payroll Changes Coming in July

ThomsonReuters

As COVID-19 vaccinations continue to rise and a sense of normalcy slowly returns, we can hopefully put tumultuous payroll changes behind us. State by State Payroll Tax Changes. Payroll Changes Coming in July appeared first on Tax & Accounting Blog Posts by Thomson Reuters. West Virginia. per week on July 1, 2021. .

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Governor Ivy Signs Bill to Exempt Overtime Pay from 5% State Income Tax

Dent Moses

The Alabama Legislature recently passed HB217 which was signed into law by Governor Ivy. Key Provisions: The bill exempts Alabama state tax withholding on overtime from January 2024 through June of 2025 – extension will require a renewal by lawmakers. Payroll software will require revisions to accommodate the new law.

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Meet our new US Xero Partner Advisory Council members

Xero

John Towle, Director of Small Business, H&R Block John is the Director of Small Business at H&R Block , currently leading the emerging services business for the US market with a focus on bookkeeping and payroll services.

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Virtual Cards Run Into Payroll Card-Like Legal Troubles

PYMNTS

In recent years, payroll cards have run into controversy as lawsuits and lawmakers scrutinize fees that often come with the tool. But, much like the payroll card debate, the legal questions around virtual cards also focus on fees. Legal action concerning fees linked to physical payroll cards have emerged in recent years.

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