Taxes Archives - AccuPay | Payroll and Tax Services

IRS Warning about Aggressive ERC Promoters

March 21, 2023

Employee Retention Credit, Payroll, Taxes

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…

ERC Tax Credits – Thoughts after Two Years

March 14, 2023

Larry the Payroll Guy

Employee Retention Credit, Payroll, Taxes

COVID, ERC, ERTC, Tax Credit

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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…

HOW TO READ YOUR 2022 W-2

January 31, 2023

Larry the Payroll Guy

AccuPay Resources, Payroll, Taxes

tax, W-2, Year-End

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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…

SUTA Rate Notices For 2023

December 20, 2022

Larry the Payroll Guy

Taxes, Unemployment

SUTA, Unemployment Tax

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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…

Preparing for a Smooth Year-End

November 28, 2022

Larry the Payroll Guy

Payroll, Taxes

Payroll, Taxes, W-2, Year-End

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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…

2023 IRS PAYROLL FIGURES

November 8, 2022

Larry the Payroll Guy

401K, Fringe Benefits, Payroll, Taxes

401k, FICA Wage, FSA, HSA

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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…

Personal Use of Company Car

October 19, 2022

Larry the Payroll Guy

Payroll, Taxes

company car, personal use of auto, tax, taxable fringe

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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…

Indiana County Income Tax Increases

October 6, 2022

Larry the Payroll Guy

Payroll, Taxes

Indiana, Local Tax, tax, Wh-4, withholding

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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…

Employee Retention Tax Credits – An Update

September 29, 2022

Larry the Payroll Guy

COVID 19 and CARES ACT, Employee Retention Credit, Payroll, Taxes

ERC, ERTC, Tax Credit

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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…

Review Your 2022 Tax Targets

September 1, 2022

Larry the Payroll Guy

401K, Fringe Benefits, Payroll, Taxes

401k, goals, limits, payrolll, tax target, W4

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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…