Review Your 2020 Tax Targets
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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 2020. The following items should…
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GAO WARNS – CHECK YOUR TAXES!
The Government Accountability Office (GAO) recently conducted a tax withholding “audit” for 2018 and now warns that over 32 million taxpayers can expect to owe more federal income tax when they…
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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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How New Tax Law Affects Payroll
The Tax Cuts and Jobs Act, which President Trump signed into law in December of 2017, has several tax law provisions which impact various aspects of payroll and HR administration. Employers…
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10 Common Payroll/Tax Errors
Accurate processing of payroll and all related payroll tax deductions and payroll tax reports is much more complex than many people believe. Based on AccuPay’s experiences dealing with 1,000s of…
Read More Small Biz Owner Tax Savings
AccuPay has been helping employers implement tax savings strategies, via payroll, since our founding in 1994. Our Tax Director is a CPP/CPA, and our Tax Manager is a CPP/SPHR, and…
Read More 2018 IRS PAYROLL FIGURES
SOCIAL SECURITY WAGE BASE Wages are taxed up to $128,400 for FICA in year 2018. The 2018 rates for FICA (6.2%) and Medicare (1.45%) remain unchanged from 2017. FUNDING 2018…
Read More Marion County Increases Tax Rate October 1
A handful of Indiana county tax rates are increasing as of October 1st. Please review the list of counties below whose rates are changing next month. Some employees, especially salaried…
Read More S-CORP’S DON’T BLOW THIS!
Special rules must be followed so that 2% or more “S” corporation shareholder-employees can deduct health insurance premiums covering the shareholder, his/her spouse and dependents. IRS Notice 2008-1 permits tax…
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