Monthly Archives: October 2018

Is it taxable? Guidelines for treating certain awards and gifts as income

    Rewarding employees for length of service, holidays   The year’s winding down, which means you’ll be working on W-2s soon. So now’s the time to make sure employees’ taxable income is correct.   It’s especially important for you to keep track of any length-of-service awards or gifts your company may give workers before [...]

October 24th, 2018|W-2s|

FMLA & Health coverage: Errors made employer liable for medical expenses

    Roofing company owes $63K due to issues with leave, insurance   When an employee needs time off because of an illness, it’s critical for employers to inform the person of all their rights under the Family and Medical Leave Act (FMLA).   This includes whether their illness could be eligible for FMLA leave [...]

October 23rd, 2018|FMLA|

Form W-2: Avoid the latest red flag catching SSA’s eye

    Next steps for ensuring name/SSN accuracy   The SSA’s cracking down on certain errors in Form W-2 submissions, and it plans to notify employers about the issues this summer.   Here’s what you need to know.   Mismatch notification   The agency recently started sending letters to employers that submitted at least one [...]

October 23rd, 2018|W-2s|

Form I-9 audits rising for employers: Best ways to avoid federal scrutiny

    Thousands of companies audited in 2018, with more to come   Be aware: Form 1-9 audits are on the rise, as U.S. Immigration and Customs Enforcement (ICE) is committed to checking if businesses are in compliance.   In the first seven months of 2018, ICE notified over 5,200 employers that they were being [...]

October 23rd, 2018|Form I-9|

941-X: Latest from IRS on difference between adjustments and claims

    Agency highlights key requirements, time frames   The IRS is clearing up confusion surrounding when employers should submit Form 941-X for an adjustment or a refund claim.   Because the terms are often treated as synonyms and the same form is used in both circumstances, may think all the guidelines are the same. [...]

October 17th, 2018|Uncategorized|