Advice

The Supreme Court rules: Federal Arbitration Act takes precedence when claims allege violations of a California’s PAGA law.
Aug. 1 is the date when information return penalties increase from $110 per form (up to $1,713,000) to $280 (up to $3,426,000) for these W-2 errors: failing to file 2021 W-2s in the first place or filing incorrect 2021 W-2s you haven’t yet corrected.
Fireworks on July 4 are loads of fun. Taking care of some routine payroll maintenance tasks now will keep fireworks from exploding at year-end.
Your Friday round-up of payroll-related news
News about the standard mileage rate, leave sharing for Ukraine, 401(k) e-signatures and more.
How healthy are your payroll procedures? Could they, for example, detect two employees working together to embezzle company funds by cutting and then cashing checks, or an office manager who withholds employees’ taxes but fails to deposit them? Sound internal controls will pick up incidents such as these and save the company money and tax penalties.
Payroll is complicated and your time is limited. Spend two minutes reading these digests and you’ll be up-to-date on key payroll developments.
The IRS thought it had canned forever a tax-avoidance strategy used by owners of S corps and closely held C corps under which they manipulate their income and taxes by taking relatively small FICA-taxable salaries and large FICA-free distributions. Yet the strategy has resurfaced with some slight twists. These two unlucky taxpayers found out the hard way.
The APA Congress addresses nexus issues, cryptocurrency and employee privacy.
The High Court weighs in on missed deadlines.