ThomsonReuters

APRIL 18, 2024

With 75% of employers in the Americas forecasting that the average employee will be a hybrid worker within two years, employers should carefully consider the tax implications of such arrangements where the employee may be working in one state in-office and remotely in another state at home. Communication is key to tax compliance.

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ThomsonReuters

JUNE 22, 2021

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. San Jose Absent any further legislative action, San Jose’s COVID-19 paid sick leave ordinance expires on June 30, 2021. .

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ThomsonReuters

MARCH 5, 2024

Among these were several payroll-related provisions that are set to expire at the end of 2025, presenting challenges and opportunities for employers and employees alike. Possibility of retroactive changes He also believes that “from a payroll perspective…whatever changes come, they’re going to come late.”

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ThomsonReuters

MARCH 22, 2021

For payroll, in particular, there are a number of taxes. There’s federal income tax, Social Security and Medicare taxes, Federal Unemployment Taxes (FUTA), state withholding tax, state unemployment tax, and certain local taxes, for starters. A number of those pages will directly affect payroll. Keeping Up with Taxes.

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ThomsonReuters

FEBRUARY 28, 2022

Highlight: The IRS Form 941 is one of the most important payroll-related tax returns used by businesses to report employment taxes, including federal income tax withholding, Social Security tax, Medicare tax, and Additional Medicare tax. The FFCRA added paid leave for COVID-19 related reasons and an employer credit related to this paid leave.

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ThomsonReuters

JUNE 2, 2023

This includes the deferred amount of the employer or employee share of Social Security tax, amounts reported on Form 941 for the credit for qualified sick and family leave wages, and the employee retention credit (ERC). The scam even made the IRS’s 2023 “Dirty Dozen” list of tax scams.

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ThomsonReuters

OCTOBER 21, 2022

Director of Product Management at Ceridian, about her company’s global survey collaboration with national and global payroll associations that aims to chart what’s ahead for payroll professionals. . in partnership with the American Payroll Association (APA) and the Global Payroll Management Institute (GPMI).

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Nancy McClelland, LLC

JULY 7, 2022

Requiring additional annual training for all employees including the one hour of prevention training aligned with State requirements and one hour of bystander intervention. It seems not all small business owners are aware of the responsibility to provide Chicago workers paid sick leave. Fair Workweek Ordinance Changes.

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ThomsonReuters

OCTOBER 21, 2022

Director of Product Management at Ceridian, about her company’s global survey collaboration with national and global payroll associations that aims to chart what’s ahead for payroll professionals. . in partnership with the American Payroll Association (APA) and the Global Payroll Management Institute (GPMI).

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ThomsonReuters

JUNE 14, 2021

Department of Labor (DOL) issued Unemployment Insurance Program Letter (UIPL) 20-04 to state workforce agencies regarding the localization of work provisions. The UIPL discusses the principles for determining where wages should be reported when work is performed entirely in one state or in a number of different states.

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ThomsonReuters

MARCH 15, 2021

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. The legislation comes with another stimulus payment and a number of other provisions that are payroll-related. All that said, mid-March does not have to come with such an ominous feeling. 2021 Form 941.

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ThomsonReuters

JUNE 21, 2021

Biden Administration asks Supreme Court not to hear non-resident state taxation case. . Solicitor General, Elizabeth Prelogar, has filed an amicus curiae brief on behalf of the United States in the case of? State of New Hampshire v. IRS issued American Rescue Plan Act sick and family leave credit FAQs. .

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ThomsonReuters

JUNE 28, 2021

million workers age 16 and older were paid at an hourly rate in 2020. million, 247,000 workers were paid at the $7.25 of all hourly-paid workers. of hourly workers were paid at the federal minimum wage rate or below (this was the first year when such data began being collected). This represents 55.5% Of those 73.3

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ThomsonReuters

JUNE 10, 2021

states have 70% of adults with at least one vaccine and 28 states and the District of Columbia have fully vaccinated 50% or more of their adult population. Let’s go over a few summertime tax tips for payroll professionals this season: 1) Interns. States also have their own laws relating to employment. Also, 12 U.S.

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ThomsonReuters

MARCH 3, 2022

Finally, Biden asks Congress to abolish the subminimum wage that permits a lower wage to be paid to people with disabilities. Several states have already repealed state subminimum wage statutes. Paid Family and Medical Leave. Executive Order No.

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ThomsonReuters

MARCH 8, 2021

Back on February 22, 2021, the United States reached a grim milestone of 500,000 deaths due to COVID-19. The somber event was memorialized by President Joe Biden at the White House who noted on February 11, 2021 that getting the United States vaccinated will be one of the “most difficult operational challenges.”. Federal News.

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Xero

FEBRUARY 28, 2023

Family Domestic Violence Leave added to Xero Payroll — Australia Payroll admins can now process Family Domestic Violence Leave in line with new legislation for employers. This will be displayed as ordinary earnings on payslips but reported to the ATO as leave. month for sole traders.

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ThomsonReuters

MAY 3, 2021

On April 28, 2021, President Biden unveiled a Fact Sheet on the American Families Plan. trillion plan seeks to provide relief to American families. Part of the plan includes a proposal for paid family and medical leave. . The Fact Sheet notes that a study found that unpaid family leave resulted in $22.5

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ThomsonReuters

DECEMBER 29, 2020

The law includes a number of payroll-related provisions aimed at helping employers and workers close out 2020 and begin 2021. The editors of the Thomson Reuters Checkpoint payroll news team feel it would not be too bold to write that 2020 has been a challenging one. Extension of Paid Sick and Family Leave Credits.

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ThomsonReuters

MARCH 15, 2023

Payroll on Checkpoint asked  Jeffrey Paravano , partner at  BakerHostetler  and leader of the firm’s national tax practice group, to share his thoughts. ​ ​Extension of statute of limitations​ The IRS recently issued another alert to businesses and tax practitioners regarding scams related to the employee retention credit (ERC).

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ThomsonReuters

FEBRUARY 17, 2023

States eye workforce as a legislative priority On February 5, 2023, the U.S. Several legislators acknowledged the FMLA’s milestone with calls to expand the program with provisions that would include paid leave. The law also includes certain employer recordkeeping requirements. Under 29 C.F.R.

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ThomsonReuters

FEBRUARY 22, 2021

The first recorded use of the word “payroll” appeared around 1740 A.D. to describe the total amount of money paid to a business’s employees over a period of time. Over time, payroll has become much more than just paying wages to employees. Payroll in a Pandemic. After the laws, followed the guidance from the IRS and U.S.

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ThomsonReuters

JULY 29, 2021

Throughout much of the United States, summer is hot and humid, which can make outdoor activities challenging and dangerous. At the state level, Washington State recently announced emergency rules that provide farm and other workers who work outdoors more protection from the heat. Federal News. The all items index increased 5.4%

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ThomsonReuters

AUGUST 2, 2021

Now let’s go over some of the more important payroll stories from the past week. . IRS FAQs clarify paid sick and family leave credits related to vaccines. State and Local News . These games were delayed a year due to the COVID-19 pandemic. Federal News . IRS posts Form 941-X draft.

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ThomsonReuters

DECEMBER 14, 2020

Senate, the future of COVID-19 relief, and the fiscal crisis facing the 50 states. Three COVID-19 relief bills enacted in 2020 had wide-ranging tax implications for companies, Oaks noted—the CARES Act, the Families First Coronavirus Response Act, and the Paycheck Protection Program Flexibility Act.

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ThomsonReuters

MARCH 1, 2021

Remuneration is the money paid for work or a service. 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.” bread, meat, clothing, etc.)

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