All Items: Payroll

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

    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

    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

    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

    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

    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

    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

    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.

  • IRS Issues Highly Anticipated Form W-4 Guidance in Wake of Tax Reform

    January 29, 2018

    The IRS has published Notice 2018-14, providing much needed guidance on Form W-4 due to the significant changes made by the recent tax reform law.

  • 2018 Withholding Tables Reflect Tax Reform Law

    January 16, 2018

    The IRS issued the 2018 income tax withholding tables reflecting the changes in the tax rates and brackets, the repeal of personal deductions and the increase in the standard deduction made by the tax reform law enacted by President Donald Trump in December, 2017.

  • Massive Tax Reform Legislation Will Have Drastic Impact on Employers

    December 4, 2017

    On Saturday, the Senate passed its version of historic, sweeping tax reform legislation known as the Tax Cuts and Jobs Act (H.R. 1). The massive, 500-page bill will have a drastic effect on the employment tax treatment of many core employee benefits starting January 1, 2018.

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News: HR and legal considerations for employers regarding payroll.