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Last Week in Payroll: The Ides of March

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It was moved to March 15 in 1918 and then to the current April 15 deadline after 1954 by the IRS. Now, let’s take a look at this past week in payroll and go over a few of the more interesting stories buzzing about in the industry. Labor Department proposing to rescind two rules. club memberships and automobiles). Federal News.

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Payroll trends to watch in 2022 (Part 2)

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Part 2 of this blogpost explains how prevalent payroll is in our daily lives with a focus on key issues in 2022, including unemployment, disaster relief, paid sick leave, and international. The IRS updates Schedule A (Form 940) , Multi-State Employer and Credit Reduction State , annually. Virgin Islands and Puerto Rico.

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Last Week in Payroll: In Like a Lion; Out Like a Lamb

ThomsonReuters

This makes a business’s payroll department very important since it is typically an employer’s greatest expense. And arguably the most important (and challenging) time to be a payroll professional, is during the period known as “year-end.” This can make March an interesting month for payroll professionals. Federal News.

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Last Week in Payroll: Choose to Challenge

ThomsonReuters

International Women’s Day is March 8 and the 2021 theme is “Choose to Challenge,” noting that a challenged world is an alert world and that from challenge comes change. Perkins chose to challenge and made changes in many ways for women but also for the payroll professional. IRS guidance on claiming the employee retention credit.

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Last Week in Payroll: Repaying Deferred Social Security Taxes

ThomsonReuters

As such, the IRS is allowing the due date to be January 3, 2022. . IRS issued American Rescue Plan Act sick and family leave credit FAQs. . The legislation also allowed employers to claim credits for the paid sick and family medical leave. IRS disagrees with court regarding PEOs and wages. . The IRS has?announced

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