Payroll

The new tax law signed at the end of last year – the Protecting Americans from Tax Hikes (PATH) Act of 2015 – improves the tax-free transportation benefits that may be offered to employees.

To quote Joshua, the computer from the movie War Games, "A strange game. The only winning move is not to play. How about a nice game of chess?"

The new year rings in new minimum wage rates, as well as new ACA reporting requirements. Keep in mind that January 2016 brings ACA reporting for ALEs—therefore, all ALE employers will have to provide every employee with a Form 1095-C by January 31, 2016.

The Royalty Program is offered in two distinct tracks: Advisors and Certified Advisors. The Advisor program is geared towards CPAs, bookkeepers and accountants. Advisor Royalty Program members must add a Patriot Software Advisor “badge” to their website.

This IRS Form 941 is for employers who withhold income taxes, social security tax, or Medicare tax from employee's paychecks or who must pay the employer's portion of social security or Medicare tax.

The IRS has issued a two-month extension for employers and issuers to provide individuals with forms reporting on offers of health coverage and coverage provided. The new deadline is March 31, 2016.

The company offers two online payroll options: Basic Payroll, in which customers take care of their own payroll taxes, and Full Service Payroll, in which Patriot Software handles all required payroll tax deposits and filings for the business.

Each year, employers across the country realize that they need to adjust their payroll data after their final payroll run of the year. Here are three of the most common adjustments that can be avoided with just a little planning.