HOW TO READ YOUR 2022 W-2
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…
Read More 
SUTA Rate Notices For 2023
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…
Read More 
Preparing for a Smooth 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…
Read More 
2023 IRS PAYROLL FIGURES
SOCIAL SECURITY WAGE BASE Wages will be taxed up to $160,200 for FICA in year 2023. The 2023 rates for FICA (6.2%) and Medicare (1.45%) remain unchanged. FUNDING 2023 RETIREMENT…
Read More 
Personal Use of Company Car
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…
Read More 
Indiana County Income Tax Increases
The following Indiana counties increased their county income tax rates effective for wages paid on or after October 1, 2022. Boone – 1.7% Johnson – 1.4% Monroe – 2.035% Knox…
Read More 
Employee Retention Tax Credits – An Update
AccuPay has been helping clients of our payroll/HR services firm calculate and file ERC tax credit claims, resulting in IRS refund checks, for 2 years now. We have educated many…
Read More 
Review Your 2022 Tax Targets
Now is an excellent time for both employees and employers to make sure they will reach their payroll, tax and financial objectives for calendar year 2022. The following items should…
Read More 
IRS Audits of ERC Tax Credits
I recently came across an article written by Daniel Mayo, a contributing author to Forbes and a national tax partner for Withum, a “top 100” CPA/consulting firm. The article, titled…
Read More 
Final Paycheck Rules
When it’s time for the company and an employee to part ways, whether voluntary or involuntarily, it’s always helpful to have a set best practice. One of the most important…
Read More