Wolters Kluwer projects 2016 inflation adjustments
As a service to our subscribers, Wolters Kluwer has prepared projected inflation-adjusted tax brackets for the 2016 Tax Rate Schedules, the standard deduction, personal exemption and other tax amounts...
View ArticleCalifornia EDD extends relief to those affected by wildfires
Employers in Amador, Calaveras, Lake and Napa Counties directly affected by the series of wildfires may request up to a 60-day extension of time from the EDD to file their state payroll reports and/or...
View ArticleIndiana DOR reminds taxpayers of amnesty period
The Indiana Department of Revenue reminds taxpayers that the Tax Amnesty 2015 program, which allows taxpayers to pay past due taxes from tax periods ending before January 1, 2013, free of penalty,...
View ArticleMassachusetts announces launch of new electronic tax filing system
The Massachusetts Department of Revenue (DOR) has issued a news release informing corporate income taxpayers about the launch of a new electronic tax filing system, MassTaxConnect. The new system will...
View ArticleIRS issues 2015 Form 1094 and 1095 series
The IRS has released the 2015 Form 1094 and 1095 series: All of the forms and instructions are reproduced in the New Developments division of this Report at 9529. When to report Applicable large...
View ArticleCalifornia disaster relief announced for victims of wildfires
The California Franchise Tax Board (FTB) and the Employment Development Department (EDD) have announced that personal income tax and payroll tax relief will be available for taxpayers affected by...
View ArticlePortland, Maine boosts hourly minimum wage to $10.68 by 2017
The Portland, Maine, City Council has passed an increase in the minimum wage. Service employees included. The minimum wage increases made under Order 297-14/15 apply to “service employees,” defined as...
View ArticleNew Jersey’s minimum wage will stay the same in 2016
The minimum hourly wage in New Jersey will remain unchanged at $8.38 per hour in 2016, according to a public notice issued by the New Jersey Department of Labor and Workforce Development, Division of...
View ArticleOregon’s minimum wage will not increase in 2016
The state minimum wage will remain the same at $9.25 per hour in 2016, Oregon Labor Commissioner Brad Avakian announced on September 16. Each year, the Commissioner calculates the minimum wage by...
View ArticleJudgments against Tyson reversed in donning-doffing suits
Reversing a $19 million judgment in favor of hourly workers at a Nebraska pork processing plant, the Eighth Circuit held that Tyson Foods was entitled to judgment as a matter of law on their...
View ArticleIRS issues guidance for examiner employment tax audits
The IRS has issued guidance on examiner employment tax audits. The purpose of the guidance to provide clarification for and updates to the examiners’ responsibilities regarding required filing checks...
View ArticleIndiana announces changes to local income tax rates
The Indiana Department of Revenue has issued a news release listing changes in county income tax rates, effective October 1, 2015, and updated guidance on how to compute withholding for state and...
View ArticleAlabama enacts amnesty bill
Legislation has been enacted directing the Alabama Department of Revenue to develop and implement a tax amnesty program to be effective for a period of at least two months in 2016 and occurring prior...
View ArticleArizona will not change withholding rates for 2016
Arizona’s withholding percentages will not change for wages paid on and after January 1, 2016. The state has released the 2016 version of Form A-4, Employee’s Arizona Withholding Election, which...
View ArticlePresident revises PPACA’s definition of small businesses
The President, on October 7, 2015, has signed the Protecting Affordable Coverage for Employees Act (PACE) (HR 1624), which amends the definition of small businesses and protects them from possible...
View ArticleIRS updates guide on IRS employment tax audits
The IRS accepts most federal employment tax returns as filed. However, some returns are examined to determine if wages, tips, compensation, credits, and taxes are reported accurately. The publication...
View ArticleCalifornia updates computer, physician overtime exemptions
California has updated overtime exemptions for computer software employees and for licensed physicians and surgeons. Computer software employees. The California Department of Industrial Relations...
View ArticleConnecticut provides guidance on electronic filing of payroll forms
The Connecticut Department of Revenue Services (DRS) has issued two publications that provide 2015 tax year instructions for the electronic filing of federal Forms 1099-R, 1099-MISC, W-2, and W-2G...
View Article2016 OASDI tax and earnings base remains the same
Social Security beneficiaries will not see an increase in their monthly checks in 2016. The amount of earnings subject to taxation under the Federal Insurance Contribution Act (FICA) and the...
View ArticleIRS provides updates to Publication 1220
The IRS has issued Publication 1220, Specifications for Electronic Filing of Forms 1097, 1098, 1099, 3921, 3922, 5498, and W-2G, for 2015. Information that is new for tax year 2015 includes: • FIRE...
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