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

23 posts, 0

Increased Salary Level for Exempt Employees

December 11, 2019

The Department of Labor announced a “final rule”, on September 24, 2019, which increases the amount of salary which an otherwise exempt employee must earn to remain exempt, effective January…

AccuPay Guide to Completing New W-4

October 17, 2019

Larry the Payroll Guy

AccuPay Resources

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The Targeted Cuts & Jobs Act was signed into law by President Trump in December of 2017, and dramatically impacted many core/basic provisions of the income tax law/code, effective January…

New W-4 for 2020–No Exemptions!

September 4, 2019

Larry the Payroll Guy

Taxes

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The Targeted Cuts & Jobs Act (TCJA) was a significant change in federal income tax law which became effective January of 2018. Tax law changes included elimination of “exemptions/allowances” as…

New 2019 Tax Withholding Estimator

August 13, 2019

Larry the Payroll Guy

Taxes

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The IRS just released a brand new Tax Withholding Estimator last week, and they are encouraging individual taxpayers to use this Estimator to perform a quick “paycheck checkup”. As many…

Youth Workers – Hours and Taxes

June 4, 2019

Larry the Payroll Guy

HR Management, Payroll

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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…

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…