payroll - Accountant Advocate

Treasury’s On-Demand Pay Proposal Shows IRS’s Concern with Constructive Receipt, Says Tax Services Director

ThomsonReuters

MAY 3, 2023

says that the Treasury Department’s proposal to clarify the tax treatment of on-demand pay arrangements makes it “clear” that the IRS is concerned with the constructive receipt issue of this trending employee benefit. In the payroll industry, such arrangements are generally referred to as earned wage access or EWA.

Construction

Construction tax services Tax payroll

Last Week in Payroll: Repaying Deferred Social Security Taxes

ThomsonReuters

JUNE 21, 2021

In an attempt to provide relief to struggling employers during the coronavirus (COVID-19) pandemic, the Coronavirus Aid, Relief and Economic Security (CARES) Act included a provision that allowed employers to defer the payment of the employer’s share of Social Security tax from March 27, 2020 through December 31, 2020.

payroll

payroll Tax Missouri Massachusetts

Accountant Advocate

Treasury’s On-Demand Pay Proposal Shows IRS’s Concern with Constructive Receipt, Says Tax Services Director

Last Week in Payroll: Repaying Deferred Social Security Taxes

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