Overview: A growing employer trend over the past several years has been to integrate payroll within the HR department. So, now more than ever, HR managers need to understand all the complex issues and requirements involved in payroll tax law compliance in order to effectively oversee payroll processing and ultimately avoid costly penalties. This involves managing the following tasks, among many others:
Trends: The following are just a few of the important issues that will have an impact on payroll in 2014!
Author: Rena Pirsos, JD, Legal Editor
The IRS has issued Notice 2015-6 to address several issues concerning the new Form 8922, Third-Party Sick Pay Recap, released last year.
Recent amendments to the state creditor garnishment law regarding the maximum employer fee, termination of withholding and priority of multiple garnishments have taken effect in 2015.
In-depth review of the spectrum of Missouri employment law requirements HR must follow with respect to involuntary and voluntary pay deductions.
In-depth review of the spectrum of Colorado employment law requirements HR must follow with respect to payment of wages.
In-depth review of the spectrum of Ohio employment law requirements HR must follow with respect to withholding taxes
Although relieved of the annual wage notice requirement starting in 2015, New York employers are now subject to increased penalties for failing to comply with other requirements of the Wage Theft Prevention Act.
In-depth review of the spectrum of New York employment law requirements HR must follow with respect to Payment of Wages.
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.
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.
This Quick Reference chart provides employers with an overview of the current method required to be used in each state to withhold state income taxes from supplemental wage payments made to employees.
HR and legal considerations for employers regarding payroll.