Advice

Phase 2 for 2018 W-2s begins

January 17, 2017

The earlier you fix errors on your W-2s, the less you’ll pay in penalties to the IRS.
Can you be sued by someone you misclassified as an independent contractor?
For 2017, the IRS’ standard mileage rate drops to 53.5¢ a mile, from 54¢ a mile.
If Payroll could fire bad employees, employees who routinely lose their W-2s and call you for replacements at the last minute would be sacked in a minute. But you can’t fire those employees. Instead, you need a foolproof strategy to deal with reissued W-2s.
It’s time to put I-9 forms with a 03/08/2013 expiration date in the recycling bin.
Inauguration Day, Jan. 20, 2017, is a legal holiday in the District of Columbia.
If you intentionally fail to e-file information returns when you’re required to do so, you will be socked with a failure-to-file penalty.

Be a payroll hero to employees

December 20, 2016

A little goodwill now goes a long way toward burnishing your credibility.
The opening of tax season is a bonanza for identity thieves. There are ways to protect against it.
Employees can take a lot of the guesswork out of their 2017 income tax liability by ensuring that their W-4s are accurate.