Year-end is approaching at light speed and will be here before you know it. There are a few things to keep in mind to make year-end payroll reporting go smoothly and accurately. Year-end is approaching at light speed and will be here before you know it. There are a few things to keep in mind to make year-end payroll reporting go smoothly and accurately.… https://wwwtest.aatrix.com/news/2022/11/year-end-payroll-reporting-just-around-corner/
Receiving tax-free fringe benefits means that employees do not have to pay income tax on what they receive. However, it does not mean that employers are off the hook for payroll taxes. Myth: All Tax-Free Benefits Are Exempt From Payroll Taxes Reality: Receiving tax-free fringe benefits means that employees do not have to pay income tax on what they receive.… https://wwwtest.aatrix.com/news/2022/10/myth-about-payroll-taxes-all-tax-free-benefits-are-exempt-payroll-taxes/
Five Indiana Counties Increase Their Tax Rates, Virginia Revises Withholding Tables, California Increases Minimum Wage, Student Loan Relief Is Extended and Tax-Advantaged Repayment Support. Five Indiana Counties Increasing Tax Rates on October 1 The changes include three central Indiana counties: Boone, Johnson and Monroe. LaPorte and Knox counties are the other… https://wwwtest.aatrix.com/news/2022/10/recent-tax-and-regulation-changes-2022/
You probably know that it costs less to use an independent contractor than to have an employee on staff. The reason: the cost of payroll taxes, along with insurance and benefits, apply only to employees. But don’t think you can simply reclassify a worker … Myth: Transforming Employees Into Independent Contractors To Save On Payroll Taxes Is Easy Reality: You probably know that it costs less to use an independent contractor than to… https://wwwtest.aatrix.com/news/2022/09/myth-about-payroll-taxes-transforming-employees-independent-contractors-save-payroll-taxes-easy/
Earlier this year, the U.S. Department of Labor’s (DOL) Office of Public Affairs officially responded to whether employers could pay employee wages in cryptocurrencies. The DOL explained that regulations under the Fair Labor Standards Act (FLSA) provide t… What The U.S. Labor Department Said About Paying Wages With Cryptocurrency Earlier this year, the U.S. Department of Labor’s (DOL) Office of Public Affairs officially responded… https://wwwtest.aatrix.com/news/2022/07/new-information-dol-and-irs-regarding-paying-employees-cryptocurrency/