AccuPay has assisted our clients for many years with calculating and reporting “personal use of a company vehicle” taxable compensation to employees. We believe that employers should calculate and…
As Larry the Payroll Guy, I have been working with employers on payroll, HR, taxes, benefits, etc for decades. This PayDay is my listing of ten subject areas every employer…
The IRS has broadened their enforcement of Affordable Care Act provisions to “applicable large employers” (ALEs) by sending out many more 226J letters to employers, which propose assessments of “employer…
Health Savings Accounts (HSA’s) have been around for quite some time, but tax/financial advisors are touting their “triple tax advantages” now more than ever. This PayDay will illuminate what a…
As we reach the halfway point of 2026, now is an excellent time for both employees and employers to make sure they will reach their payroll, tax and financial objectives…
Much has been written recently about “no tax on tips or overtime,” and employers should be prepared to help their employees with tip/OT income to determine how much those employees…
OBBBA NEW TAX DEDUCTIONS ON TAX FORM 1040 RETURNS As employees begin preparing 2025 tax returns, questions are emerging around the proper reporting of Qualified Overtime Premiums and Qualified Tips…
All employees should consider updating/revising their W-4 for 2026, especially those who earn overtime and/or receive tip income. The revised W-4 for 2026 now contains new “deduction lines” for employees…
The Indiana Department of Workforce Development, recently mailed/posted 2026 “Merit Rate Notices” for all applicable Indiana employers. Tax agencies in other states will be sending these notices soon if they haven’t…
SOCIAL SECURITY WAGE BASE Wages will be taxed up to $184,500 for FICA in year 2026. The 2026 rates for FICA (6.2%) and Medicare (1.45%) remain unchanged. FUNDING 2026 RETIREMENT…