Jan 8, 2019 | Industry News, Regulatory Updates
How long should you keep Tax Records? The IRS generally recommends keeping copies of tax returns and supporting documents at least three years. Employment tax records should be kept at least four years after the date that the tax becomes due or paid, whichever is...
Jan 2, 2019 | Industry News, Regulatory Updates
The Internal Revenue Service on December 14, 2018 issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on January 1, 2019, the standard mileage...
Dec 13, 2018 | Industry News, Regulatory Updates
The IRS announced Notice 1036 which includes information on the percentage method tables for tax withholding, withholding adjustment for Nonresident aliens, Withholding on Supplemental wages, and much more. Withholding allowance amounts for payroll periods have...
Dec 7, 2018 | Industry News, Regulatory Updates
Pay Equity Laws Employers need to be aware Pay Equity Laws are not new. The Federal Equal Pay Act was passed in 1963. Many states have passed similar laws which have been around for decades. However, enforcement of these state laws is picking up steam, and more...
Dec 5, 2018 | Industry News, Product News
Non-Compliance Can Be Costly In order to stay compliant with federal and state labor laws, employers must display labor posters in a conspicuous place, easily visible to employees. Labor law posters notify employees—and in some cases, job applicants—of their...
Sep 25, 2018 | Industry News, Regulatory Updates
The Internal Revenue Service (IRS) announced last Thursday that it will delay major revisions to the Form W-4, Employee’s Withholding Allowance Certificate, until the 2020 version. The 2019 version of the Form W-4 will be similar to the current 2018 version and will...
