Payroll Today

Five days after releasing the second draft of the 2020 W-4, the IRS released the second draft of Pub. 15-T, Federal Income Tax Withholding Methods for 2020. Along with the second draft of the W-4, this is the publication you need to begin reprogramming your payroll systems for 2020.
Well, we were getting worried. The IRS promised the second draft of the 2020 W-4 by the end of July. It released the form August 8. So not too bad, deadline wise.
The IRS wants to resurrect an old tax form—Form 1099-NEC—on which you would report payments to independent contractors.

Bad people doing payroll

July 30, 2019

It’s almost midsummer and we have our midsummer blues. So maybe a little humor, with a side of seriousness, will raise everyone’s spirits. The serious part: Take these as lessons in what not to do and who not to hire.
The EEOC has opened the EEO-1 Component 2 portal, which government contractors and employers with at least 100 employees must access to report hours worked and W-2, Box 1 data for 2017 and 2018. Here’s what you need to know.
The IRS says it’s perfectly OK for employers to provide incentives to employees to refile their W-4s. But before you focus on incentives, you must focus on how you’re going to communicate with employees.
The IRS considers information in no-match letters—employers’ identity and employees’ names and SSNs—to be confidential tax information. It can’t, therefore, turn this information over to any other federal agency. But might that rule be broken to inform U.S. Immigration and Customs Enforcement of name/SSN mismatches?
The IRS has unexpectedly shed light on its rule making processes. And this may influence how and when they come out with guidance on which you can rely.
More than half of chief operating officers report there’s been an increase in employees attempting to abuse their company’s expense reimbursement policy.
The IRS coughed up the first draft of the 2020 W-4 and employer instructions on time, to the relief of many. Comments are trickling in on those drafts. They are not supportive.