NY paycard regulation further strengthens protections for workers
New York Governor Cuomo enacted on September 8 the country’s most comprehensive payroll card protections for low-wage workers. An estimated 13,000 businesses in New York State pay approximately...
View ArticleNC amends supplemental wage withholding regulation
The North Carolina Department of Revenue has amended a regulation on personal income tax withholding for supplemental wage payments. The amendment provides that if the employer has withheld tax on...
View ArticleInterest rates remain the same for the fourth quarter of 2016
The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning October 1, 2016. The interest rates will remain at 4% for overpayments (3% in...
View ArticleUSCIS says a new Form I-9 is coming
The United States Citizenship and Immigration Services (USCIS) says a new Form I-9 is coming. On August 25, the Office of Management and Budget (OMB) approved a revised Form I-9, Employment...
View ArticleMinnesota online services unavailable September 29, October 5
Due to scheduled maintenance, Minnesota’s online services will be temporarily unavailable Thursday, September 29 and Wednesday, October 5 from 4:30 p.m. to 11 p.m. on both days. Online services...
View ArticlePennsylvania issues 2017 tax amnesty program guidelines
The Pennsylvania Department of Revenue has issued guidelines informing taxpayers of the 2017 amnesty program which begins on April 21, 2017, and ends on June 19, 2017 (the amnesty period). The amnesty...
View ArticleWolters Kluwer projects 2017 inflation adjustments
As a service to our subscribers, Wolters Kluwer has prepared projected inflation-adjusted tax brackets for the 2017 Tax Rate Schedules, the standard deduction, personal exemption and other tax amounts...
View ArticleMinimum wage rate for federal contractors published
The Wage and Hour Division of the Department of Labor issued a formal notice in the Tuesday, September 20 Federal Register announcing the applicable minimum wage rate to be paid to workers performing...
View ArticleSouth Carolina issues reminder about 2017 tax tables
The South Carolina Department of Revenue has issued a press release reminding taxpayers that the personal income withholding tax tables have been updated for 2017, as previously reported (see Payroll...
View ArticleClaims Court nixes “reimbursement” for FICA settlement
The Federal Claims Court has rejected a taxpayer’s suit to recover amounts paid to settle a dispute over FICA refunds. The court was not persuaded that Code Sec. 3102(b) required the IRS to...
View ArticleIRS issues deposit guidance
The IRS has released deposit requirements for employment taxes. There are two deposit schedules—monthly or semiweekly—for determining when to deposit social security and Medicare taxes and withheld...
View ArticleIRS reminds employers of WOTC changes, requirements
The IRS has reminded employers that year-end 2015 tax legislation modified the Work Opportunity Tax Credit, (WOTC). Additionally, a special certification deadline of September 28, 2016, is...
View ArticleDistrict of Columbia discusses increases in standard deduction
The District of Columbia’s Office of the Chief Financial Officer, after accounting for increases in the applicable cost of living indices, has upwardly revised the applicable standard deduction...
View ArticleSouth Carolina updates withholding information
South Carolina has updated the withholding tax information guide and also updated Form 1612 with its instructions. Among other things, the information guide briefly explains the South Carolina income...
View ArticleShort-week payments not excludable as benefits from wages
Short-week benefits paid by a multiple-employer trust to workers who worked less than a certain number of hours in the prior month were not excludable from wages for FICA purposes as supplemental...
View ArticleConnecticut updates tax guide for withholding on nonpayroll amounts
The Connecticut Department of Revenue has updated its informational publication discussing the personal income tax withholding requirements for nonpayroll amounts, including: pension and annuity...
View ArticleIllinois discusses withholding income tax changes for 2017
The Illinois Department of Revenue has issued an informational bulletin that discusses personal income tax withholding changes for the 2017 tax year for employers, payroll service providers, software...
View ArticleIRS issues 2017 inflation adjustments
The IRS has released some inflation-adjusted figures for 2017. Standard deductions The 2017 standard deduction will increase to $6,350 for single taxpayers. For married joint filers, the standard...
View ArticleDaylight Saving time to end Sunday
This year, Sunday, November 6 marks the return to standard time, when clocks will be moved back one hour at 2:00 a.m. Shift workers on duty at that time who normally work an eight-hour shift will...
View ArticleNebraska issues 2017 withholding tables
The Nebraska Department of Revenue has released a revised Circular EN, which includes updated withholding tables. Income Tax Withholding-Percentage Method Withholding Allowance Table Effective January...
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