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 …
Navigating Payroll Taxes: From W-2 Preparation to FUTA Reporting
Employers generally must withhold income tax from employees’ wages. To figure out how much tax to withhold, you need to use the employee’s Form W-4, the appropriate method, and the …
Minimum Wage Changes Impact You in 2023
For employers with employees in multiple states, keeping up with numerous minimum wage rate changes can be a daunting task. While some states are on a schedule for annual increases …