Advice

Thr IRS has again dug in its heels in proposed regulations covering the new and improved W-4 and the withholding process.
Formerly 58¢ per mile, the rate is now 57.5¢ per mile for 2020.
If you reclassified some exempt employees as nonexempt in the wake of the new overtime salary threshold rules that went onto effect Jan. 1, you should now check your health benefit and 401(k) plan documents.

New Form I-9 now available

February 6, 2020

U.S. Citizenship and Immigration Services has issued a new version of the I-9 form that employers complete to verify that employees are eligible to work in the U.S.
The new Department of Labor joint-employer rule that takes effect March 16 will make it less likely that more than one employer will be held liable for the same federal wage-and-hour violation. Here are three scenarios that illustrate how the rule will apply.
Tax audits are all about your records. Have good, accurate and complete records and you will walk away from an audit relatively unscathed. Have sloppy, incomplete and inaccurate records and you will needlessly pay tax penalties. Two cases are illustrative.
NACHA—the electronic payments organization behind all electronic banking transactions, including direct deposit—has developed a standard, voluntary protocol to help employees’ banks fight direct deposit-related ID theft.
While you were shopping for, opening and then returning holiday gifts, the IRS dropped some presents of its own. On Dec. 27, it released the final version of Pub. 15-T, which contains all the worksheets and withholding tables for 2020. On Dec. 31, it released the 2020 standard mileage rate.
You must file Form 945 for 2019 if you withheld income taxes from nonwage payments, like pensions, or backup withheld income taxes on payments to independent contractors.
According to the Department of Labor in an opinion letter to an inquiring employer, you can require employees to take unpaid FMLA leave, even if they’d rather use paid sick leave.