Advice

An HR supervisor who became a company’s treasurer as a favor to her brothers is now on the hook for 100% of the company’s undeposited payroll taxes, after the Tax Court ruled that she was a responsible person under tax code Section 6672.
Withholding in 2019 will be a mixed bag. Here are our projections of the 2019 withholding allowances and other benefit amounts.
As if year-end isn’t stressful enough, the new 20% deduction for qualified business income, which owners of pass-through entities can take on their 1040s, has dumped another responsibility in your lap: defining W-2 wages.
Under the Affordable Care Act, you’re required to inform new hires whether you provide group health benefits within 14 days of hire.
The IRS has backed off any changes to the W-4 for the 2019 tax year, but still wants to implement its new version of the W-4 for the 2020 tax year.
The Social Security Administration has announced that the 2019 taxable wage base for the Social Security portion of FICA increases to $132,900.
Effective Jan. 1, 2019, employers performing work on federal contracts must pay workers $10.60 per hour.
For the 2019 plan year, group health plans are affordable if employees’ monthly premiums don’t exceed 9.86% of your chosen safe harbor.
Don’t forget to turn your clocks back one hour, to standard time, at 2:00 a.m., Sunday, Nov. 4.
The Social Security Administration is again sending no-match letters, called Educational Correspondence Announcements, to employers that file W-2s on which employees’ names and Social Security numbers don’t match its records. Warning: W-2s with these mismatches may also garner penalties from the IRS.