Category: Tax & Payroll

Updates expected to roll out from January 2020 While each state has a slight variation on the basic type of payroll taxes and California has its own set. Here is an overview of the California payroll updates expected in 2020. There are mainly two types of payroll taxes – one is the deductions that...

Over the past few weeks, there has been a lot of talk and discussion about the new rules and regulations that will come into action, relating to overtime. Recently, the US Department of Labor announced final updates to the new overtime rule that will allow all employers to offer perks and other benefits to...

Here are some of the important factors related to the ACA Employer mandate 2019: Who needs to comply – The ACA Employer Mandate applies to all the Applicable Large Employers or ALEs, which includes any organisation that has 50 full time employees or the equivalent of the same. If there are several affiliates to one...

NOW is the time to focus on 2019 ACA reporting for the IRS The Affordable Care Act was passed in 2010, and the general idea behind it was to make healthcare a lot more affordable and available to a lot more people. Presently, the Affordable Care Act or ACA includes a wide range of...

Employers playbook on the 2020 Overtime Update First the good news. Employers have till January 2020 to prepare for the Overtime Update. If you have been following the saga, there have been attempts over the years (going back 2015) to increase pay. Notably during President Obama’s tenure the proposed rule (under the Fair Labor...

How Will The Form W-4 Update Affect Employers? Earlier this year, IRS released an update on Form W-4 and while this will come into effect only next year, there is already a lot of talk surrounding it. In its wake came the draft instructions for 2020 income tax withholding, which included on the employer...

Your legal requirements as an employer. Because the US tax laws are so confusing, you might also want to talk with your state Department of Labor and/or an employment law attorney when you venture down the road of hiring employees. Your business accounting firm is also another expert in matters relating to payroll taxes and deductions....

Payroll deductions that impact the paycheck you take home. Under US Labor laws, wages earned by an individual are that person’s property; the employee needs to be paid wages, as per the hours decided and the contractual terms that would have been signed at the time of the beginning of employment. Once the terms...

The EEOC announced that September 30, 2019, is no longer a hard deadline for employers to submit pay and hours-worked data to the Equal Employment Opportunity Commission (EEOC) as part of the annual EEO-1 report. This was mentioned in a September 27 status report filed as part of a lawsuit that resulted in a...