ThomsonReuters

NOVEMBER 27, 2023

As the holidays approach, many employers plan on paying out bonuses, incentives, or other supplemental wages to employees that may have unexpected tax and compliance implications. Payroll Guide ¶ 4100 et seq. contains a detailed discussion on supplemental wage payments.

payroll 93

payroll income tax Tax Account 93

ThomsonReuters

JANUARY 30, 2023

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. Hawaii is also looking to require supplemental paid sick leave for public health emergencies.

payroll 105

payroll Hawaii West Virginia Oklahoma 105

ThomsonReuters

FEBRUARY 9, 2022

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. This results in employers paying more in FUTA taxes. More than 20 states were FUTA credit reduction states during the Great Recession.

payroll 98

payroll California Connecticut Tax 98

ThomsonReuters

NOVEMBER 12, 2020

” The respect, and perquisites provided to veterans for their sacrifices to our country, have even touched the world of payroll, and on Veterans Day, we present a quick retrospective of some of the special tax provisions offered for veterans. Types of Military Pay. Overview of tax breaks for those serving in the military.

payroll 52

payroll Hospitality Tax income tax 52

ThomsonReuters

APRIL 12, 2022

Looking back at the last two years and the sprinter’s pace at which COVID-19 payroll tax credit relief was enacted, payroll accountants have earned a well-deserved pat on the back! But as the dust settles on those prior 2020–2021 Form 941 payroll tax returns, undoubtedly credits were missed, and mistakes were made.

payroll tax 98

payroll tax tax return payroll Tax 98

Xero

MAY 17, 2022

And this year is no different, with updates coming to payroll in FY23. . Starting from 1 July 2022, there are a number of government requirements that will impact how you manage payroll (including superannuation) for employees. Currently, you don’t have to pay superannuation for most employees who make less than $450 per month.

payroll 98

payroll bookkeeping Start-ups Government 98

ThomsonReuters

MARCH 15, 2021

This section was added after the American Jobs Creation Act of 2004 was signed into law and covers compensation arrangements, such as salary and bonus deferral arrangements, severance pay arrangements, taxable reimbursement arrangements, and certain in-kind benefits (i.e., club memberships and automobiles). Federal News.

payroll 98

payroll Connecticut Massachusetts income tax 98