PPP Loans/Tax Holiday Updates
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We have written many previous PayDay newsletters about PPP loans and the “payroll tax holiday,” all of which can be found at our website blog. Since a few weeks have…
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Payroll Tax Holiday – Update
Treasury released “guidance” Friday night to clarify President Trump’s August 8th executive order pertaining to the “deferral of employees FICA tax withholding” during the pay period September 1-December 31, 2020.…
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Payroll Tax Holiday – Our Thoughts
President Trump signed an executive order on August 8th which orders employers to stop withholding the 6.2% FICA/social security tax from employees, effective for paydays from September 1-December 31, 2020.…
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Mid-Year Paycheck Review – Important!
Employers may wish to encourage their employees to review their federal income tax withholdings for 2020, so they do not end up with a negative “tax surprise” when they file…
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AccuPay COVID-19 Procedures
AccuPay, Inc. understands that our clients may have questions and/or concerns about the ability to continue with the essential business tasks during the COVID-19 outbreak. We have identified the essential…
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Paying Employees as 1099’s–Huge Risk!
We have recently noticed that organizations, in general, are paying more and more workers “off the payroll” as “1099 employees”—-which is an oxymoron since a worker is generally either an…
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Youth Workers – Hours and Taxes
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…
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New Hire Payroll Forms
When you hire a new employee, it is important to complete all required payroll forms. These forms include the Indiana New Hire Reporting Form, W-4, WH-4, and the I-9 form.…
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2018 Tax Tables and W-4 Changes
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…
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ACCOUNTABLE EXPENSE PLANS
Employers who reimburse employees for job-related expenses should give serious consideration to having an accountable expense reimbursement plan in order to save both employer and employee taxes. Here are the…
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