With Remote Work Increasing, Be Aware of These Tax Implications for Out-Of-State Workers

Kevin WilsonBlog, Payroll Services, Tax0 Comments

More than 50 million members of the U.S. labor force are currently working remotely full-time, a ten-fold increase from the 5 million employees who worked from home at least half of the time back in March. With this change and employers’ concerns about productivity and company culture comes one more item to consider: taxes. When remote workers are located in … Read More

Payroll Tax Deferral Executive Order: Why You Probably Shouldn’t Defer Your Employees’ Social Security Tax

Kevin WilsonBlog, Payroll Services, Tax0 Comments

On August 8, 2020, President Trump signed an executive order allowing employers to defer the 6.2% employee portion of Social Security payroll taxes for employees earning less than $4,000 for a biweekly period from September 1st until December 31st of this year. The aim of this order was to put more money in wage earners’ pockets in light of the … Read More

IRS Releases New Withholding Tables and W4 for 2019

Andy LiguoriBlog, Tax0 Comments

The IRS has released Notice 1036, Early Release Copies of the 2019 Percentage Method Tables for Income Tax Withholding as well as a final version of the 2019 W4, Employee’s Withholding Allowance Certificate. Exemption allowances have gone up only slightly for 2019: Pay Frequency 2018 Allowance 2019 Allowance Weekly $79.80 $80.80 Biweekly $159.60 $161.50 Semimonthly $172.90 $175.00 Monthly $345.80 $350.00 Quarterly … Read More

Tax Tips for New Hires and Terminations

Alexis YamashitaBlog, Tax0 Comments

Taxes! Exciting stuff, right? Summer’s starting, pool’s open, weather looks great…who has time to worry about employee payroll taxes? Let’s say you let your Summer Self call the shots and you forget to follow important rules for hiring and terminating employees. You’ll get hit with unwanted tax notices, and who wants those? Certainly not Summer Self! Take our advice and … Read More

Work Opportunity Tax Credits Can Save You a Bundle

Andy LiguoriBlog, Tax0 Comments

Do you ever check your couch for change? What if I told you there could be $9,600 in there? Would you look then? It might sound crazy, but thousands of businesses are refusing to turn those cushions to search for lost moolah in the form of unclaimed Work Opportunity Tax Credit(s), or WOTC. The WOTC is a federal tax incentive … Read More