Tag: IRS
Reminder: Properly Document FFCRA Leave to Claim Tax Credits
Employers are becoming familiar with the new Families First Coronavirus Response Act (FFCRA), which provides new COVID-19-related federal emergency paid sick leave and emergency family…
New Form W-4, Tax Withholding Method
In December 2019, the IRS released its new Form W-4, Employee’s Withholding Certificate for 2020. Prompted by the 2017 Tax Cuts and Jobs Act, the…
IRS Announces 2020 Health Savings Account Limits
The Internal Revenue Service (IRS) announced the annual limits for Health Savings Accounts (HSAs) for 2020. HSAs are pre-tax accounts available to individuals covered under…
Direct Deposit Scam Targets Payroll, HR
Payroll and HR departments are now popular targets for criminals. They could inadvertently give criminals access to an employee’s paycheck without the employee knowing and…
IRS Releases Common 2019 Tax Scams to Be Aware Of
To help businesses and taxpayers prepare for the federal tax filing deadline next month, the U.S. Internal Revenue Service (IRS) is releasing information on 12…
IRS Extends Deadline for Certain ACA Reporting Forms
The Internal Revenue Service (IRS) recently announced that it is extending the due date for certain 2018 Affordable Care Act (ACA) reporting forms to be provided to…
IRS Reminds Eligible Employees to Plan Now for Health FSAs in 2019
The Internal Revenue Service is reminding eligible employees that now is the time to begin planning to take full advantage of their employer’s health flexible…
Updated Guidance on Paid Family Leave Tax Credit Issued by IRS
An updated guidance on a tax credit for employers who provide paid family and medical leave to their employees has been issued by the IRS…
Avoid Tax Surprises: IRS Promotes #PaycheckCheckup
The Internal Revenue Service (IRS) has launched a #PaycheckCheckup campaign to remind taxpayers to check their federal income tax withholding now to avoid an unexpected…
IRS Extends Employer Deadline for ACA Reporting Forms
The Internal Revenue Service (IRS) recently announced that it is extending the due date for certain 2017 Affordable Care Act (ACA) reporting forms to be…
