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

20 posts, 0

Youth Workers – Hours and Taxes

June 4, 2019

Many employers will be hiring students and other “youth workers” for Summer and ongoing employment, as schools are dismissing for the Summer. Both the federal government and all state governments…

2018 Tax Tables and W-4 Changes

June 12, 2018

Larry the Payroll Guy

Payroll, Taxes

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The Tax Cuts and Jobs Act new tax law was enacted in December 2017, with an effective date of January 1, 2018. Due to the last minute rush to implement…

New W-4 Form for Withholdings

May 1, 2018

Larry the Payroll Guy

Payroll

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New W-4 Form for Withholdings As we discussed in our PayDay a month ago titled “2018 Tax Tables and W-4 Changes” the IRS did just release both a new 2018 W-4 and…

COMING SOON – IRS/ACA PENALTY NOTICES

November 27, 2017

Larry the Payroll Guy

Affordable Care Act (ACA)

ACA, Affordable Care Act, employer mandate, IRS, large employer, notice, Obamacare, penalty

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EXECUTIVE SUMMARY ABOUT IMMINENT IRS AFFORDABLE CARE ACT/OBAMACARE EMPLOYER PENALTY NOTICES The IRS has recently indicated that they will be mailing out their “first ever” proposed assessment notices to employers who…

Personal Use of Company Car

October 24, 2017

Larry the Payroll Guy

Payroll, Taxes

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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…

Supersize with Roths

October 18, 2017

Larry the Payroll Guy

Fringe Benefits

401k, 403b, Payroll, retirement, Roth, tax-free

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If your employer’s 401(k) or 403(b) plan permits employees to contribute “after-tax” to a “Roth” account, you should seriously consider contributing part or all of your “elective deferrals” to your…

Box 14, W-2 Employee Tax Form Information

May 24, 2017

Larry the Payroll Guy

Payroll

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Entering helpful information in Box 14 of your employees’ annual W-2 forms can assist them in their annual personal tax preparation – and limit the number of questions employees ask…

ACA Reporting by Employers—-how much longer?

May 16, 2017

Larry the Payroll Guy

Affordable Care Act (ACA)

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All employers with 50 or more “full-time equivalent employees” (so called FTE’s), which is a combination of employees who work 30 or more hours per week plus all part-timer hours…

SMALL EMPLOYER HRA BASICS

May 5, 2017

Larry the Payroll Guy

Fringe Benefits

ACA, health reimbursement, HRA, non-taxable, Obamacare, QSEHRA, tax-exempt

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Effective January 1, 2017, small employers (less than 50 employees) can offer employees reimbursement of medical expenses to include personal health insurance premiums on a tax-free basis. These new programs…

House Repeals Obamacare—What about Senate?

May 4, 2017

Larry the Payroll Guy

Affordable Care Act (ACA)

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Today the House of Representatives cobbled together enough votes to “repeal and replace” the Affordable Care Act, better known as Obamacare. This legislation will now go to the US Senate,…