Mar 1, 2018 | Industry News, Regulatory Updates
Helps Employees Withhold the Correct Amount from Their Paychecks If you’ve noticed a bump in your take-home pay since the new withholding tables went into effect, you’re not alone. The Treasury Department estimated that 90% of taxpayers would see higher paychecks...
Jan 15, 2018 | Industry News, Regulatory Updates
Corporate Payroll Services Clients Will See Changes Reflected in Payrolls Processed Beginning Monday, January 15, 2018 On January 11, the Internal Revenue Service released updated withholding tables for 2018 to reflect changes required by the Tax Cuts and Jobs Act...
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...