All Items: Payroll

  • Nebraska Enacts New Pay Statement Requirements, Payroll Debit Card Law

    06 June 2014

    Effective July 18, 2014, employers will be required to provide a pay statement to all employees on payday. Starting in 2015, employers will be permitted to pay wages using payroll debit cards.

  • Employers Relocating to Tennessee May Transfer Prior SUI Experience Rate

    03 June 2014

    Under an amended law, certain employers that relocate their business to Tennessee on or after July 1, 2014 will be able to elect to transfer their previous state unemployment insurance experience rating rather than be assigned the Tennessee new employer rate.

  • IRS: Bitcoin Subject to Employer Withholding and Reporting

    30 May 2014

    The Internal Revenue Service has issued guidance in the form of frequently asked questions (FAQs) explaining the federal employment tax implications of transactions in, or using, virtual currency such as Bitcoin.

  • IRS Issues Updated Form 941-X for 2014

    08 May 2014

    The IRS has updated and released the 2014 Form 941-X, Adjusted Employer's Quarterly Federal Tax Return or Claim for Refund, and the Instructions for Form 941-X.

  • IRS Issues Inflation-Adjusted Health Savings Account Limits for 2015

    28 April 2014

    The Internal Revenue Service has released the calendar year 2015 inflation-adjusted amounts for health savings accounts (HSAs) as determined under § 223 of the Internal Revenue Code.

  • Electronic Reporting of Terminated Employees to OCSE Coming Soon

    16 April 2014

    Beginning this May, a new application on the Office of Child Support Enforcement's portal called "eTerm" will enable an employer to electronically notify states (and US territories) that do not yet send income withholding orders electronically (e-IWOs) when the employment of an employee subject to an IWO has ended using the existing e-IWO process.

  • Same-Sex Spouse Treatment Under Retirement Plans: New Guidance Requires Employer Action

    14 April 2014

    The IRS issued Notice 2014-19 and related Frequently Asked Questions providing guidance on how qualified retirement plans should treat same-sex spouses following the Supreme Court's decision in United States v. Windsor. Employers must take action to ensure that plan documents and operations conform to requirements.

  • IRS Issues Final Regulations on Payroll Tax Liability of Third-Party Payors

    09 April 2014

    The Internal Revenue Service (IRS) has issued final regulations under § 3504 of the Internal Revenue Code (IRC) describing circumstances that will help determine which party is liable for an employer's employment taxes when an employer has entered into a service agreement with a third-party payor.

  • IRS Issues Final Regulations Clarifying Transfers of Stock for Services

    09 April 2014

    The IRS has issued final regulations under Internal Revenue Code § 83 clarifying when "a substantial risk of forfeiture" exists when property (e.g., stock) is transferred in connection with the performance of services by an employee. The final regulations apply to property transferred on or after January 1, 2013.

  • Supreme Court Decides Quality Stores: Severance Pay Is Subject to FICA Taxes

    26 March 2014

    Yesterday, the US Supreme Court unanimously ruled in United States v. Quality Stores, Inc., No. 12-1408 (U.S. Sup. Ct., 3-25-14), that severance payments made to involuntarily terminated employees that do not qualify as supplemental unemployment benefits (SUBs) under the Internal Revenue Code (IRC) are subject to Social Security and Medicare (FICA) taxes.

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News: HR and legal considerations for employers regarding payroll.