All Items: Payroll

  • DC Wage Theft Measure Set to Take Effect Soon

    29 January 2015

    Legislation establishing new employee notice requirements for employers in the District of Columbia is projected to take effect on February 26, according to the District's Department of Employment Services.

  • Sick Pay Reporting on New Form 8922 Clarified by IRS

    23 January 2015

    The IRS has issued Notice 2015-6 to address several issues concerning the new Form 8922, Third-Party Sick Pay Recap, released last year.

  • Ohio Reforms Municipal Tax Laws

    14 January 2015

    Ohio Governor John Kasich has signed legislation that will require municipalities levying income taxes to adhere to certain standardized procedures starting January 1, 2016. The law, Sub. H.B. 5, aims to make municipal tax collection more consistent.

  • Guidance on Retroactive Parity for Mass Transit, Parking Benefits Issued by IRS

    12 January 2015

    In Notice 2015-2, the IRS has provided much anticipated special administrative procedures applicable to fourth-quarter 2014 Form 941, Employer's Quarterly Tax Return, and 2014 Form W-2, Wage and Tax Statement, for employers that allowed employees to defer more than $130 a month for mass transit benefits in 2014.

  • Illinois 2014 Forms W-2 Now Due February 15 Under Emergency Rule

    05 January 2015

    Under an emergency rule filed in late December, the Illinois Department of Revenue (DOR) has accelerated the filing due date for 2014 Forms W-2, Wage and Tax Statement, and Forms W-2c, Corrected Wage and Tax Statement, to February 15, 2015, from March 31.

  • New York Wage Notice Requirement to Be Eliminated

    24 December 2014

    New York employers will no longer have to provide employees with annual wage notices under the state Wage Theft Prevention Act starting with 2015. However, some of the Act's existing enforcement provisions have been enhanced.

  • Parity for Mass Transit, Parking Benefits Restored for 2014, Among Other Extensions

    23 December 2014

    On December 19, President Obama signed into law the Tax Increase Prevention Act of 2014 (TIPA) retroactively reinstating to January 1, 2014 more than 50 different tax benefits that expired on December 31, 2013. Among these is the parity for mass transit (including transit passes and vanpools) and parking benefits.

  • Standard Mileage Rates, Annual Fleet Values Change for 2015

    17 December 2014

    The IRS has released the 2015 optional standard mileage rates employers may use to calculate the deductible cost of operating a vehicle for business, charitable and medical or moving purposes.

  • IRS Issues 2015 Form W-4

    12 December 2014

    The IRS has released the 2015 Form W-4, Employee's Withholding Allowance Certificate, which employers use to determine the amount of federal income taxes to withhold from employees' pay.

  • IRS Issues Form 940 for Tax Year 2014

    11 December 2014

    The IRS has issued the 2014 Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return; Schedule A (Form 940), Multi-State Employer and Credit Reduction Information; Schedule R (Form 940), Allocation Schedule for Aggregate Form 940 Filers; and the Instructions for Form 940. The due date for filing Form 940 is February 2, 2015.

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News: HR and legal considerations for employers regarding payroll.