Updated to reflect legal developments regarding the Families First Coronavirus Response Act and the Consolidated Appropriations Act, 2021.
Under review in relation to the Form W-4 computational bridge.
Updated to reflect the 2021 Social Security taxable wage base, FICA tax rates and Social Security benefit amounts.
The IRS has issued guidance on how to implement President Trump's payroll tax deferral Memorandum, but the guidance leaves employers with many unanswered questions.
President Trump has issued an executive order for a payroll tax holiday to provide financial relief to employees affected by the COVID-19 crisis. However, many payroll experts are advising employers not to take action until further information is available.
Under review in relation to legal developments regarding the Families First Coronavirus Response Act and the Consolidated Appropriations Act of 2021.
Updated to reflect new information on the leave-related employer tax credit.
This How To will help an employer obtain an employee's consent to claim a refund of overpaid FICA taxes due to an overpayment of wages and file a refund claim in compliance with IRS rules and procedures.
HR and payroll considerations for employers regarding FICA tax laws. Support on following rules and regulations regarding this topic.
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Copyright © 2021 LexisNexis Risk Solutions Group
© 2021 LexisNexis Risk Solutions Group.