Payroll items

  • 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.

  • White House 2015 Budget Proposal Lists Enforcement, Investment Priorities

    11 March 2014

    The White House proposed its 2015 budget last week, outlining the Obama Administration's enforcement priorities. An employer should expect increased enforcement of wage and hour laws and family and medical leave protections if Congress authorizes the administration's requests. New provisions regarding accelerated filing due dates for wage reporting and new electronic filing requirements (including penalty provisions) would be forthcoming if the proposed budget were approved.

  • Aircraft Terminal Charge and SIFL Mileage Rates Reduced for First Half of 2014

    25 February 2014

    The US Department of Transportation has released the terminal charge and standard industry fare level (SIFL) mileage rates for the first half of 2014.

  • Infographic: Payroll Departments Tackle Multitude of Taxes, Increasingly Complex Requirements

    12 February 2014

    This infographic illustrates the dramatic increase in the complexity of the US income tax system over the past century, highlighting the evolution of the employer into the nation's central tax collector.

  • IRS Outlines Proactive Steps When Outsourcing Payroll Functions

    03 February 2014

    Employers that outsource payroll duties remain liable if deposits or filings are made late or incorrectly, or in some cases unscrupulously, by a third-party payer or reporting agent. By following these tips provided by the IRS, employers can protect themselves from potential liability when outsourcing payroll functions.

  • IRS Identifies Common Errors to Avoid in Form W-2, W-3 Retirement Plan Codes

    22 January 2014

    The Internal Revenue Service (IRS) has identified the most common errors employers make when entering codes for retirement plan information on Form W-2, Wage and tax Statement, and Form W-3, Transmittal of Wage and Tax Statements. The IRS cautions employers to avoid these errors and ensure that the forms they issue to employees contain correct retirement plan information

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News: HR and legal considerations for employers regarding payroll.