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...
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...
Jul 18, 2018 | Industry News, Regulatory Updates
New Jersey has become the 10th state to adopt mandatory paid sick leave. Â The law goes into effect on October 29, 2018 and provides up to 40 hours of paid sick leave per year to covered employees. The state sick leave law overrides all current municipal ordinances....
