Having employees complete Forms W-4 electronically can be a convenience to you, but be careful: IRS has issued strict guidance, and it's recently been expanded. Employers don't have a "license" to simplify or modify electronic substitutes to paper W-4s, IRS…
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Love him or loathe him, Elon Musk is dominating the business news cycle. When you're rich enough to drop $44 billion on a bloated tech company like Twitter, people pay attention to what you say or do. Musk and his…
Reminder: If you're like many businesses that took IRS up on the pandemic-related relief offer in 2020 to put off paying Social Security taxes, the last payment installment is due by December 31st. If you're experiencing deja vu, there's a…
Your A/P staffers have seen their share of outrageous business expense reimbursement requests from employees. But how do they compare to the “Craziest Expenses” for 2022 compiled by global expense management company Emburse? See if you can guess which business…
IRS has finalized the withholding tables Payroll will need in 2023. Whether you have old or new Forms W-4 on file for employees, you can get ready for next year. As you know, IRS did a major overhaul of the…
More than half of employees say they'd like to receive a financial reward of some kind as the Christmas and New Year's holidays near. The reality is, many won't be seeing a bonus of any kind as employers tighten their…
Among the many year-end duties finance teams are working on is identifying an aged account that isn't likely to pay. This is the type of customer that Accounts Receivable called and wrote to so many times to collect, it was…
Give your team a heads up: The informational copies of the 2022 Form 5500, Form 5500-SF, IRS Form 5500-EZ and form instructions have been released by IRS, the Dept. of Labor’s (DOL) Employee Benefits Security Administration and the Pension Benefit…
Since remote and hybrid work became normal for many companies, some workers are complaining that their employers should pay for work-from-home expenses, such as internet and electricity costs, printers and office supplies. A few employees are even suing their employers…
Although IRS hasn't yet issued final regs giving you extra time to distribute Forms 1095-C to employees, employers can be confident about the deadline. That's because of a statement IRS made in the proposed regs, released December 6, 2021. First…
Whether speaking to a group of employees or a room full of industry peers, there's always room for assessing one's skills and improving on what's improvable. Just don't count on others to tell you the truth about your public speaking…
The federal Work Opportunity Tax Credit (WOTC) could be a boost to your bottom line - a one-time credit up to $9,600 per qualified new hire. To be eligible for a WOTC, employers need to hire workers that qualify as…
