IRS Publishes Income Tax Numbers for 2024
It’s never too early to think about taxes! The IRS has already issued numbers to help you understand what the 2024 tax situation will be like. Below is a summary. …
New Colorado Payroll Reporting
Important payroll reporting begins October 1, 2023. This APPLIES TO EVERY employer in Colorado – even if you are using a third-party service. Look for an email that has begun circulating from the …
IRS Puts Brakes on ERC Processing
According to the IRS, a moratorium on processing of new ERC claims through year’s end will allow IRS to add more safeguards to prevent future abuse and to protect businesses …
The Problems with Incomplete and Disorganized Payroll Records
An unorganized and inefficient payroll process is a recipe for eventual disaster. If you rely on paper processes, both manual data entries and a massive number of spreadsheets can yield …
New Form I-9 Released
The U.S. Citizenship and Immigration Services has made changes to Form I-9. Starting Nov. 1, 2023, all employers must use the new Form I-9. On Aug. 1, 2023, U.S. Citizenship …
A New Look at SECURE Act 2.0 Issues
The SECURE Act 2.0 has a new provision that speaks to the nature of auto-enrollment for new 401(k) plans. All eligible hires will be required to enroll at a pretax …