Payroll
Latest News
IRS to Host Virtual Focus Groups on the Business Tax Account Online Tool
GASB Proposes Guidance on Subsequent Events
FASB Issues Post-Implementation Review Report for Its Revenue Recognition Standard
Newsom: California Will Offer EV Rebates if Trump Cuts Federal Tax Credit
Executive Pay Survey May Hint at Improved Economic Recovery
Increases in the total compensation that financial executives receive, including salaries, incentives and benefits, may foretell a turning point in the country’s economic recovery, according to the results of a new survey by Grant Thornton LLP and the Financial Executives Research Foundation (FERF).
Unemployment Claims Up Slightly, 4-Week Average Lowest Since 2007
The U.S. Department of Labor announced today that the initial claims for unemployment insurance benefits increased by 8,000 last week compared to the previous week. However, the "4-week moving average" saw a decrease of 2,250, bringing that measure to the lowest level it has been since June 2, 2007.
IRS Releases Final Guidance on Tribal Government Benefits Excluded as Income
The U.S. Department of the Treasury and Internal Revenue Service (IRS) have issued final guidance specifying that a wide range of benefits and services provided by Indian tribal governments qualify for the general welfare exclusion from income. These include programs for housing, education, cultural and religious purposes, and the elderly and disabled, among others.
Survey: Men More Confident than Women on Retirement
American men, particularly those aged 51 or older and with an income over $75,000, are more confident about retirement according to a recent survey conducted by financial services group OneAmerica. Contributing to their confidence is a realistic knowledge of how much retirement income they will need.
How Hiring Family Members Can Lower Your Taxes
For business owners, hiring family members as employees can lead to significant tax savings. And in many cases, those savings extend to the family members as well as the business owner. Sole proprietorships and corporations are both entitled to tax savings when they hire family members, but the amount of savings varies according to business type.
10,000 Americans Turn 65 Every Day: 5 Ways to Prepare for Retirement
About 10,000 Baby Boomers will turn 65 every day until around 2030. That's a lot of retirement parties, but it's also something that should have them thinking about what they're going to do after they leave the office for the last time.
It’s Summer: Ranking the Best Cities for a Staycation
Exploring expert tips for saving on summer travel is a great way to help stretch a budget, but if you’ve got bigger savings goals in mind a staycation might be in order. Certain cities are obviously more conducive to a staycation than others, though.
Paycom Adds Push Reporting Feature
Paycom, which makes cloud-based payroll and human resources systems, has added a new Push Reporting feature to its payroll system. The feature is meant to increase the quality, speed and efficiency in which human resource executives can populate, produce and analyze employee data generated reports.