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

Businesses owe $4.5 BILLION in payroll tax penalties

Robbie MossBlog, Tax

You won’t find a bigger fan of numbers than me at DP.  When someone throws out a really tiny or big number on some piece of paper, and there’s an explanation beside it, I can’t help but read it. Are you not shocked at the idea of American businesses being penalized $4.5 BILLION dollars just because of payroll tax problems? … Read More