News

All Items: Payroll

  • IRS Issues Draft of Proposed 2020 Form W-4

    Date:
    June 6, 2019

    The IRS has published a draft of the 2020 Form W-4, Employee's Withholding Allowance Certificate, which incorporates changes made by the 2017 Tax Cuts and Jobs Act.

  • Wage Theft to Be a Felony Under New Colorado Law

    Date:
    May 22, 2019

    A new Colorado law makes it a felony for an employer to fail to pay employee wages. Wage theft has been seen as a significant issue, particularly in the construction industry.

  • Student Loan Repayment Legislation Proposed

    Date:
    March 18, 2019

    Congress has introduced legislation to increase the ability of employers to provide student loan repayment benefits to their employees.

  • IRS Releases 2019 Inflation Adjustments to Fringe Benefits and Income Taxes

    Date:
    November 21, 2018

    The IRS has released Revenue Procedure 2018-57, which lists the inflation adjustments for a variety of employer-provided fringe benefits for 2019.

  • IRS Issues 2019 Retirement Plan COLAs and Fringe Benefit Limitations

    Date:
    November 5, 2018

    The IRS has released the 2019 cost-of-living adjustments (COLAs) to the dollar limitations on benefits and contributions to qualified retirement and deferred contribution plans.

  • 2019 Social Security Taxable Wage Base Marks Notable 3.5% Increase

    Date:
    October 16, 2018

    The Social Security taxable wage base - the ceiling on the 6.2% Social Security portion of FICA taxes - will be $132,900 in 2019. This represents a 3.5% increase over the 2018 taxable wage base of $128,400, and is one of the larger percentage increases in several years.

  • IRS Says Reimbursement of 2017 Moving Expenses Are Tax-Free In 2018

    Date:
    September 25, 2018

    The IRS has announced in Notice 2018-75 that, for federal income and employment tax purposes, reimbursements or payments an employer makes in 2018 to an employee or a moving company for qualified moving expenses incurred in 2017 are not taxable wages.

  • DOL Issues Opinion Letters on Rest Breaks, Travel Time and Garnishments

    Date:
    April 17, 2018

    The US Department of Labor opined about how to ascertain travel time by employees without regular working hours, whether frequent rest breaks required by a "serious health condition" are compensable, and which types of lump-sum payments are "earnings" subject to garnishment limits.

  • New Scams Target Employees' Payroll Direct Deposits

    Date:
    February 12, 2018

    The FBI is warning employers of new email phishing scams targeting employees to gain access to their direct deposit information on the company's self-service payroll platform. Once the fraudsters obtain an employee's payroll portal credentials, the employee's direct deposits are rerouted to the scammer's bank account.

  • IRS Renews Warning of Form W-2 Scams Targeting HR and Payroll

    Date:
    January 31, 2018

    The IRS is again warning about an email scam that seeks to trick HR and payroll professionals into providing employees' Forms W-2 containing their personal identifying information. When cyber criminals obtain this identifying information, they use it to file fraudulent tax returns to obtain tax refunds.

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News: HR and legal considerations for employers regarding payroll.