Payroll Taxes
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IRS: Security Threats Against Tax Pros Remain a Daily Threat
Small Businesses Hired At a Slower Pace in June
Distracted In the Office? New Study Finds You’re Not Alone
Americans Lead the World In Taking the Fewest Vacation Days
What’s In (And Not In) Your Social Security Account?
Someone just asked TaxMama if there is a way to get her father’s earnings information from back in 1977-78. She needs it because his income in those years is not on his Social Security record.
Payroll Taxes for 2014: The Effects of the Demise of DOMA
The Supreme Court's rejection of the Defense of Marriage Act (DOMA) was big news in 2013. And in 2014, it has big payroll tax implications for employers who offer cafeteria benefits to same-sex spouses.
Special Report Looks at Major Tax Changes of 2013
Thomson Reuters has released a special retrospective report focused on the key tax developments that occurred during 2013, which included a major federal tax law as well as many significant new cases, regulations, rulings, and revenue procedures.
IRS to Allow Rollovers for Flex Spending Accounts in 2014
The IRS surprised employers a few weeks back with a rule change that allows flexible spending account participants to roll over up to $500 of their unused account balances into the next year.
The Tax & Withholding Implications of Hiring Foreign Nationals
Having to run payroll for foreign nationals seems like a remote possibility for most payroll service providers. And it's true that only 14% of Thomson Reuters tax and accounting software users who process payroll reported paying foreign nationals in a recent survey.
Will the Rise in the Federal Unemployment Tax Affect Your Clients?
Your payroll clients are already paying FUTA, a federal tax levied on employers that are covered by their state's unemployment insurance program. Depending on where they're located, your clients may face an increase in FUTA when they file their 2013 taxes.
How to Reduce Your Clients’ SUTA Tax Rate in 2014
This month, we'll look at state unemployment tax, or SUTA. Unlike FUTA, SUTA offers employers in many states a way to reduce their tax rates in 2014. It's called a "voluntary contribution."
Payroll Systems Becoming More Mobile, with More Employee Self-Service Options
As we began 2013, taxpayers were shrouded in a cloud of uncertainty concerning taxes. That seemed to quickly be resolved for this year and into 2014, but we are now faced with a number of new tax and payroll issues.