Jul 22, 2021 | Human Resources
The following is a press release from IRS.gov. IRS holds additional weekend events July 23-24 to help people with Child Tax Credit payments and Economic Impact Payments The Internal Revenue Service and partners in non-profit organizations, churches, community groups...
Final 2020 Form W-4 Now Available
Dec 16, 2019 | HR Regulations, Human Resources, Industry News
The 2020 Form W-4, Employee’s Withholding Certificate, is now available on IRS.gov. The new W-4 form incorporates changes ushered in by the Tax Cuts and Jobs Act allowing employees to more accurately estimate the amount of tax they ask their employers to withhold...
401(k) Contribution Limit Increases in 2020
Dec 12, 2019 | Industry News, Regulatory Updates, Retirement Services
The Internal Revenue Service announced that employees in 401(k) plans will be able to contribute up to $19,500 in 2020. In addition, dollar limitations for pension plans and other retirement-related items for tax year 2020 were announced. Highlights of changes for...
Avoid Large Penalties and Potential Jail Time by Using the ABC Test
Dec 9, 2019 | HR Regulations, Human Resources, Industry News
The ABC test is a guide for employers to use to determine if a worker is considered an independent contractor or an employee in the eyes of the government. Employers with workers not classified properly as an employee or independent contractor can face penalties of...
The New 2020 Form W-4: What You Need To Know
Nov 18, 2019 | Industry News
The 2020 Form W-4, Employee’s Withholding Certificate, is very different from previous versions. This is due to the federal tax law changes that took place in 2018. The Internal Revenue Service (IRS) is not requiring all employees to complete the revised form, but...