Larry the Payroll Guy, Author at AccuPay | Payroll and Tax Services

Employee Retention Credit, Payroll, Taxes

COVID, ERC, ERTC, Tax Credit

The following IRS Newswire was issued on March 20, 2023 Issue Number: IR-2023-49 Inside This Issue IRS opens 2023 Dirty Dozen with warning about Employee Retention Credit claims; increased scrutiny follows…

ERC Tax Credits – Thoughts after Two Years

March 14, 2023

Employee Retention Credit, Payroll, Taxes

COVID, ERC, ERTC, Tax Credit

AccuPay has been assisting our clients with various aspects of Employee Retention Tax Credits for over 2 years now. Our original role pertaining to ERC credits in early 2021 was…

HOW TO READ YOUR 2022 W-2

January 31, 2023

AccuPay Resources, Payroll, Taxes

tax, W-2, Year-End

Years ago, W-2 forms were fairly straight-forward, reporting wages paid to your employees along with tax withholdings. The days of simple W-2’s are long gone! Wages reported in boxes 1, 3…

SUTA Rate Notices For 2023

December 20, 2022

Taxes, Unemployment

SUTA, Unemployment Tax

The Indiana Department of Workforce Development, recently drafted 2023 “Merit Rate Notices” for all applicable Indiana employers. These notices are scheduled to go out by mail in early January. Tax agencies…

Preparing for a Smooth Year-End

November 28, 2022

Payroll, Taxes, W-2, Year-End

The end of 2022 is quickly approaching, but there is still work to do to ensure a smooth year-end. Putting in a little time before your final payroll of the…

Personal Use of Company Car

October 19, 2022

company car, personal use of auto, tax, taxable fringe

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 report…

Quarterbacking Your 401K Plan

July 18, 2022

401K, Employee Benefits, Payroll

401k, retirement, TPA

401K plans are complex and require that all the various service providers to the plan be “on the same page”. These “qualified” plans, along with 403b and 457 government plans,…

New Hire Tax Credits – WOTC Quiz

May 17, 2022

Tax Form 9061, Work Opportunity Tax Credit, WOTC

Recent federal tax law extended the Work Opportunity Tax Credit (WOTC) through the end of 2025. This is great news for businesses which generally hire low wage/high turnover positions to…

Start 2022 Off Right – Check Your Withholdings!

February 21, 2022

Payroll, Wh-4, Withholding Tax

One way your employees can get the new tax year off to a good start is by checking their federal income tax withholding. They can do this using the Tax…

S-CORP’S DON’T BLOW THIS!

December 1, 2021

Health Insurance, S-Corp, W-2