Give your Payroll team the heads up: There's a new spear phishing scam email making the rounds that's attempting to steal their account credentials by trying to convince them to access a fake version of IRS e-Services. When cybercrooks steal…
Payroll
Even as many offices across the country reopen, hybrid work has become the norm. There are more remote workers than ever before. Many employees are spending all or part of their workweek telecommuting. And it’s critical for Payroll to keep…
Give Payroll the heads up: There's a chance the unemployment tax rate could change. Here's why. States that had outstanding federal unemployment trust fund account loan balances as of Jan. 1, 2021, and Jan. 1, 2022, are at risk of…
There’s good news for Payroll and HR if you’re still hiring employees remotely. The Department of Homeland Security (DHS) and U.S. Immigration and Customs Enforcement (ICE) have extended Form I-9 flexibility guidelines until Oct. 31, 2022. And there’s a chance…
Heads up: You may need to update certain Forms I-9 by July 31, 2022. Specifically, some employees at your company may have presented expired List B acceptable documents. The dates in question? Between May 1, 2020, and April 30, 2022.…
Employers waited for IRS to release final regs reducing the electronic filing threshold from 250 to 10 returns for TY 2021. But that never happened. No regs. No explanations. Now, in the recently released 2022 W-2 and 1099 instructions, IRS…
Your Payroll team may need to give employees an amended W-2 for tax years 2020 and/or 2021 depending on what you reported in box 14. Remember, wages paid for Families First Coronavirus Response Act (FFCRA) and American Rescue Plan Act…
With such a steady stream of IRS changes in TY 2021, it’d be easy for your Payroll team to miss something, under deadline pressure for distributing and filing Forms W-2. So, here’s a checklist you can pass along to help…
UPDATE: IRS has issued the final version of Publication 15-T for use in 2022. The publication contains information employers need to determine employees' federal income tax withholding, including tables and worksheets. Now that IRS has released a draft version of…
In November, the employee retention credit (ERC) ended suddenly and retroactively. As a result, employers that'd already reduced their employment tax deposits or received advance payments of the credit for the fourth quarter of 2021 faced uncertainty. Although the American…
With the deadline approaching for filing TY 2021 Forms W-2, IRS released revisions to the form and its instructions. That happened on Nov. 23, 2021. Shortly thereafter, during its December Payroll Industry Call, IRS shed more light on the changes.…
UPDATE: The redesigned Form W-4P won't be available until 2022, IRS announced during its November Payroll Industry Call. Given the delay in implementation, you'll be able to use either the 2021 or 2022 version of the W-4P next year –…
