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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. New Mexico. Beginning July 1, new forms will be used to report withholding tax. per hour for employees without. .

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Last Week in Payroll: The Ides of March

ThomsonReuters

March 15 used to be a day some might beware of for tax reasons because from 1918 to 1954 this date was the income tax filing deadline. A new COVID-19 relief bill was just signed into law and Spring is just around the corner. Federal News. IRS tax tip on repayment of deferred Social Security taxes.

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What is state tax apportionment and how do you calculate it?

ThomsonReuters

State income tax is a direct tax on business income you’ve earned in a state. Each state gets to decide what matters most — your payroll, property, or sales — and in what ratio to account for them. This can make calculating state income tax complex, particularly if you do business in multiple states.