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…
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Indiana County Income Tax Increases
The following Indiana counties increased their county income tax rates effective for wages paid on or after October 1, 2023. Adams – 1.6% Clinton – 2.65% Dearborn – 1.4% Henry…
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IRS Stares Down ERC Mills – What to Do?
On September 14th of this year the IRS announced a “moratorium” on processing any new Employee Retention Tax Credit (ERC) claims/refund requests until “sometime after the end of this year.”…
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New Hire Forms – What You Need to Know
When you hire a new employee, it is important to complete all required payroll forms. These forms include the New Hire Reporting Form, W-4, state withholding form (as applicable), and…
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Employee Retention Credit – New IRS FAQs
In response to an increasing number of invalid ERC claims, the IRS has recently updated their FAQ’s about the Employee Retention Credit. Within these new FAQ’s, the IRS again warns…
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Larry’s Top Ten Payroll/Tax/HR Tips
As Larry the Payroll Guy, I have been working with employers on payroll, HR, taxes, benefits, etc for decades. This PayDay is my listing of ten subject areas every employer…
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IRS Warning about Aggressive ERC Promoters
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…
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ERC Tax Credits – Thoughts after Two Years
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…
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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…
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