18 02, 2023

Electronic Forms W-4

February 18th, 2023|Uncategorized|

Having employees complete Forms W-4 electronically can be a convenience to you, but be careful: IRS has issued strict guidance, and it’s recently been expanded. Employers don’t have a “license” to simplify or modify electronic substitutes to paper W-4s, IRS warned. After rolling out guidelines on implementing an electronic system for Forms W-4, IRS received [...]

7 02, 2023

IRS releases income tax withholding tables for 2023

February 7th, 2023|taxes|

IRS has finalized the withholding tables Payroll will need in 2023. Whether you have old or new Forms W-4 on file for employees, you can get ready for next year. As you know, IRS did a major overhaul of the W-4 in 2020. While some employees haven’t turned in new forms since then, the 2023 [...]

20 01, 2023

MA PFML requirements

January 20th, 2023|Uncategorized|

All Massachusetts employers must distribute information to their employees and display a workplace poster that explains Paid Family and Medical Leave (PFML). PFML workforce notifications and posters have been updated to reflect the 2023 maximum benefit amount and contribution rates.  Download the poster. For more information about PFML click here.

13 01, 2023

There’s more to determining filing status than being married or single

January 13th, 2023|taxes|

There’s more to determining filing status than being married or single Some taxpayers are eligible for more than one filing status. As they get ready for the upcoming filing season, taxpayers should carefully review their options to pick the filing status that makes the most sense for them. Those who are only eligible for one [...]

6 01, 2023

Closing your business for good?

January 6th, 2023|Uncategorized|

What business owners need to do when closing their doors for good There are a few things business owners need to do before they close their business. Of course, they need to fulfill their federal tax responsibilities. It’s also important to notify the IRS of their plans. Business owners must take these steps when closing [...]

29 12, 2022

Minimum wage increases for 2023

December 29th, 2022|Uncategorized|

The following wage and hour changes will take effect on January 1, 2023. Massachusetts increases minimum wage and ends premium pay Minimum wage The Massachusetts minimum wage will increase to $15 per hour. The minimum base wage for tipped employees will increase to $6.75 per hour. Premium pay fully phased out The mandatory premium pay rate for hours [...]

23 12, 2022

We now offer 401(k) plans!

December 23rd, 2022|Uncategorized|

We’ve partnered with Human Interest, a 401(k) provider for small and medium-sized businesses, to add an affordable retirement plan to your benefit offering. Human Interest helps to reduce the burden of managing a 401(k) plan with easy setup and administration, recordkeeping, and streamlined onboarding for employees.  With Human Interest you’ll receive: Access to affordable investment [...]

9 12, 2022

Massachusetts prohibits hairstyle discrimination

December 9th, 2022|Uncategorized|

Massachusetts has joined the growing list of states to prohibit discrimination based on traits associated with race, including hairstyle. Beginning October 24, 2022, the state’s employment discrimination law, which applies to employers with six or more employees, will define race to include traits historically associated with race, including, but not limited to, hair texture, hair [...]

2 12, 2022

Help wanted? Know about the work opportunity tax credit

December 2nd, 2022|hiring|

Help wanted? Businesses that are hiring should know about the work opportunity tax credit Businesses hanging up their Help Wanted signs should be sure to check out the work opportunity tax credit. This credit encourages employers to hire workers certified as members of any of ten targeted groups facing barriers to employment. The credit has [...]

14 11, 2022

New onboarding product

November 14th, 2022|hiring, New hire|

PayPlus is pleased to announce the launch of a new Employee Workforce Management product that will make your life as a business owner so much easier. Eliminate onboarding paperwork for new employees. Employees enter their details themselves (everything on the New Hire form!), plus I-9, W4, etc. and their information is automatically loaded into the payroll [...]