by chris | Oct 24, 2018 | Business Tips, Human Resources, Payroll, Taxes
An employee put in years of service with your company, or is an exemplary worker, but circumstances now lead to his or her departure. You have agreed to pay the employee severance, but you want him or her to receive the full amount, with no taxes taken out. To...
by chris | Sep 5, 2018 | Payroll, Taxes
Employers are required to withhold federal income tax from all employees’ wages unless the employee is exempt from the tax. The withholding amount is based on the employee’s taxable wages, marital status and number of allowances stated on his or her W-4...
by chris | Feb 6, 2018 | Business Tips, General News, Payroll, Taxes
WASHINGTON — The Internal Revenue Service today released Notice 1036, which updates the income-tax withholding tables for 2018 reflecting changes made by the tax reform legislation enacted last month. This is the first in a series of steps that IRS will take to help...
by chris | Dec 26, 2017 | Business Tips, General News, Payroll, Taxes
The new tax law has dominated political discussion for months and will likely continue to do so well into 2018. Consequences, both intended and otherwise, are still unclear. But for now, these are the big changes for both individuals and companies. In general, the...
by chris | Jul 3, 2017 | Business Tips, General News, Payroll, Taxes
As an employer, you have probably already heard that the W-2 form is an essential requirement when it comes to taking care of tax season paperwork for the IRS. While the W-4 form needs to be provided by employees for tax withholding purposes, employers also have to...
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