Jan 5, 2018 | Industry News, Regulatory Updates
Minimum wage rates are increasing in many states this year. Unless otherwise noted, the minimum wage rates in bold are updated rates effective January 1, 2018.  States with no change in minimum wage rates are not bolded. Alabama: No state minimum wage.  Federal...
2018 Income Tax Withholding Tables Delayed
Dec 14, 2017 | Industry News
Social Security Maximum Taxable Earnings Updated…Again Due to potential tax changes currently being considered in Congress, the IRS has indicated that guidance for the 2018 tax year, which includes the payroll tax tables, will be issued later than normal. Since both...
How 1% Can Cost You $73,000 in Retirement Savings
Feb 2, 2017 | Industry News, Product News
Employer-provided 401(k) plans are a very popular retirement savings vehicle.  In fact, according to a 2015 study, 85% of employees who have access to a 401(k) plan participate in it. While 401(k) plans typically offer a variety of investment options, one key factor...
New Email Scam Targets Payroll, HR Professionals
Jan 30, 2017 | Industry News
If you received an email from “the boss” requesting a PDF of the 2016 W-2s and earnings summary of all staff for quick review, would you send it? The Internal Revenue Service issued a News Release on January 25 warning about an email scam that uses a...
Extra Pay Period in This Year?
Jan 23, 2017 | Industry News, Product News
If your company pays weekly or bi-weekly, will you have an extra check date this year? In other words, if your company pays weekly, will you pay your employees 52 times this year or 53? Likewise, if your company pays bi-weekly, will you pay your employees 26 times...
Summary of IRS National Security Week Tips
Dec 9, 2016 | Industry News
The week of December 5-9 was National Tax Security Awareness Week. Â The IRS, along with payroll processors, tax return preparers and software firms provided tips to alert taxpayers to security threats, including identity theft and tax refund fraud. The weeklong series...