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 – [...]
Is that really a federal agency contacting you? Watch out: Several scams are going around that target Payroll pros and the forms you use every day. And these scammers are more sophisticated than ever before, posing as federal officials and top execs in an attempt to steal confidential info. New I-9 scheme [...]
You may still be caught in the whirlwind of this holiday season, but it’s important to start looking ahead to next year’s holidays. Often holidays impact pay dates, tax deposits and other Payroll tasks. Dates to remember Be sure you make note of these IRS legal holidays (L) and Federal Reserve banking [...]
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 [...]
What you need to know about forms for 2018 Year-end is fast approaching, which – as you well know – can make life pretty hectic for Payroll pros. To make a smooth transition into 2018, it’s crucial to stay current with upcoming deadlines for various returns. Important due dates In the [...]
Time to update your payroll systems: SSA has just released the taxable wage base for 2018. After one of the biggest increases in history in 2017, next year’s limit will only increase moderately by comparison, from $127,200 to $128,700. The tax rate for wages will remain the same: 6.2 for both employees and [...]
Workforce snapshot now in fourth quarter Sure, you don’t have to start working on the EEO-1 Report right now – because the deadline has been bumped back – but that, and other recent changes to the report, aren’t necessarily good news. Typically, the EEO-1 is due by September 30 each year. So you [...]
Lack of Clarity Led Company into expensive legal waters Even when you’re trying to be generous to employees, it still pays to double-check all of your pay policies say exactly what you want them to. This is especially true when it comes to paid leave policies and their interplay with the Family and [...]
Several clauses designed to protect consumers More updates are coming to the Consumer Financial Protection Bureau’s (CFPB) prepaid rule that’ll govern the use of payroll cards. The rule creates provisions to protect employees in case pay chards are lost or stolen. It also puts procedures in place to correct and guarantees free access [...]
