Year-end may seem far away right now, but get ready: The IRS has just released the 2018 Form W-2. Although there aren’t any big changes to the form just yet, there are some developments you should watch for, mostly dealing with the verification code in Box 9. Authenticating returns As [...]
More year-end changes are coming your way: The IRS has released its standard mileage rates for 2018. After a couple years of decreases, standard business mileage rates are increasing this time around. Rundown of Changes For 2018, the standard mileage rate is 54.5 cents for each mile driven for business purposes – [...]
During a recent Payroll Industry Call, the IRS announced some of the benefits that’ll be excluded from employees’ taxable income in 2018. Here’s a heads-up on what you’ll need to know in Payroll next year. Transportation, FSAs & more Any company that gives workers qualified transportation fringe benefits, take note: Monthly limits [...]
Tracking late-in-the-game 2018 updates By now you’d like to have the 2018 changes set in your payroll system, but with a topsy-turvy year-end like this one, that’s not possible. First, in a highly unusual move, the SSA decided to revise next year’s Social Security taxable wage base. The new number is $128,400 [...]
