All Items: Payroll Taxes

Final IRS Regulations Dramatically Expand Information Return Electronic Filing Requirement

Date:

February 27, 2023

The IRS issued final regulations that dramatically lower the mandatory threshold for electronic filing of information returns, such as Forms W-2, 1099, 1094 and 1095.
IRS Issues 2023 Retirement Plan Adjustments and Fringe Benefit Limitations

Date:

October 21, 2022

The IRS has released its 2023 cost-of-living adjustments (COLAs) to the dollar limitations on benefits and contributions to qualified retirement and deferred contribution plans.
IRS Releases 2023 Inflation Adjustments to Fringe Benefits and Income Taxes

Date:

October 19, 2022

Some employer benefits will be more generous next year, thanks to inflation, as a result of the IRS announcement.
Social Security Taxable Wage Cap to Jump in 2023

Date:

October 13, 2022

The Social Security Administration (SSA) announced that, for 2023, the maximum earnings subject to the Social Security payroll tax will increase nearly 9%.
IRS Guidance on Employee Retention Credit Requires Employers to Pay Back Advances in Full

Date:

December 9, 2021

The IRS issued Notice 2021-65 providing penalty relief to employers regarding the early repeal of the Employee Retention Credit, and guidance regarding the rules applicable to recovery startup businesses, for the fourth quarter of 2021.
Biden Infrastructure Law Ends Employee Retention Credit Early for Most Employers

Date:

November 18, 2021

Under the new infrastructure law, wages paid after September 30 are ineligible for the Employee Retention Credit. Employers also will receive no relief from potential penalties they may incur due to the early repeal of the credit.

About This Category

News: HR guidance on compliance with payroll taxes, including income taxes, Social Security and Medicare (FICA) taxes, and unemployment, disability and workers' compensation insurance taxes.

News

Payroll Taxes Categories

All Items: Payroll Taxes

Final IRS Regulations Dramatically Expand Information Return Electronic Filing Requirement

IRS Issues 2023 Retirement Plan Adjustments and Fringe Benefit Limitations

IRS Releases 2023 Inflation Adjustments to Fringe Benefits and Income Taxes

Social Security Taxable Wage Cap to Jump in 2023

IRS Guidance on Employee Retention Credit Requires Employers to Pay Back Advances in Full

Biden Infrastructure Law Ends Employee Retention Credit Early for Most Employers

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