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Calling the IRS? Read This First.

The holiday season is known for a lot of pleasant things—eggnog, scented candles, and family time all come to mind. But if you’ve been in the payroll profession long enough, there’s a good chance you associate it with something else: federal and state tax notices. And when those come in, it’s time to pick up the phone. Gulp.

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Form 1099 vs. Form W-2: How to Classify Employees Correctly

Contractor or employee? With 57 million workers, or 36 percent of the U.S. workforce, participating in the gig economy, the line between contractors and employees has never been blurrier. The tax filing implications are even more complicated.

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IRS Releases 2019 Retirement Contribution Limits

New year, new limits. Earlier this month, the IRS published its long-awaited updates to 401(k) and IRA contribution limits for 2019.

Because retirement plans can be funded on a pretax basis (meaning deductions are taken from employee paychecks before taxes like social security), the IRS limits how much employees can contribute to them annually. These limits are subject to a periodic review to account for changes in the cost of living, inflation, and other factors.

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Key Dates to Remember for Year-End Payroll

For HR and payroll professionals, the holiday season means a whole lot more than gingerbread and mistletoe. The transition between years brings tax deadlines, ACA reporting requirements, bank holidays, and more.

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DOL Announces New Overtime Rule's Release Date

The decade's most hotly anticipated change to employment law has been delayed yet again.

Last week, the Department of Labor (DOL) announced that it was postponing the release of its overtime rule changes until March 2019. Earlier this year, the agency said it hoped to unveil them by January. The announcement marks just the latest turning point in a regulatory soap opera that dates back to 2015.

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Death and Taxes: Processing a Deceased Employee’s Final Check

We’ve all heard the old saying about death and taxes. But going further, what are the tax implications of death?

There’s no denying the emotional toll when we lose a loved one or colleague. But even in death, payroll still needs to be processed. We'll break down the common scenarios that might occur when an employee passes. 

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CPP

How to Become a Certified Payroll Professional (CPP)

Payroll isn’t for the faint of heart. Of those who are brave enough to tackle the intricacies of multistate taxation, FUTA credit reductions, payroll compliance, and wage garnishment, only a select few earn the full endorsement of the American Payroll Association (APA).

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NY and NJ Airport Workers to Receive Nation’s Highest Minimum Wage

New York-area airport workers will soon have the highest minimum wage in the country. The increase will raise the minimum hourly rate for almost 40,000 airport workers to $19 by 2023.

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The HR and Payroll Guide to the Form 941

Each year, Americans dutifully complete their annual tax returns to report what’s been paid to the federal government and what might still be owed. Your HR and payroll teams also have their own IRS filing obligations. Employee paychecks are subject to federal income taxes, Medicare, Social Security, and other withholdings.

While companies typically pay these federal taxes on a semiweekly or monthly basis, the IRS still needs a full account of what’s been paid. Enter the Form 941, or the Employer’s Quarterly Tax Return. If it isn’t already, a reminder to complete the four-page form should be on your HR calendar.

amazon

Amazon Raised Its Minimum Wage to $15. Is Your Company Next?

Score another win for the "Fight for $15" movement. Online mega-retailer Amazon delivered welcome news to employees last week, announcing that it would increase its minimum wage to $15 per hour. The change takes effect next month and applies to the company's more than 350,000 full-time, part-time, and seasonal employees. Whole Foods, the upscale grocery chain owned by Amazon, will also be subject to the change.