Categorized: Industry News

What to Expect with the New 2019 Form W-4

In June 2018, the IRS released an early draft of the 2019 W-4. Upon its release, the draft received heavy criticism from payroll and tax professionals. As a result of the feedback, the IRS decided to postpone major revisions of the W-4 until 2020. Instead, a new draft version of the 2019 W-4 is expected... Read more

How Are You Celebrating National Payroll Week?

You’ve probably heard the saying, “An honest day’s work for an honest day’s pay.” For many employees, it’s a foregone conclusion that they’ll get paid for their work. However, without payroll professionals to ensure they get paid accurately and on time, it wouldn’t be possible. This week, we observe National Payroll Week (NPW) to celebrate... Read more

New Illinois Retirement Plan: What Employers Must Know

Illinois recently introduced a new state-sponsored retirement savings plan called Illinois Secure Choice. The program offers private-sector employees a retirement savings option if they don’t have access to an employer-sponsored plan. The first several months of the program are considered the pilot phase, and registration is voluntary. But by November of 2019, most Illinois employers... Read more

Tips to Steer Clear of Employee Phishing Scams

More than likely, your employees have been targeted by a phishing scam at some point. While some of these scams can be easy to spot, phishing criminals are increasingly more sophisticated and customized in their attacks, which makes them harder to recognize. This year alone, the FBI has warned of multiple employee phishing scams (i.e.,... Read more

IRS Says ‘Nevermind’ to Family HSA Contribution Limit Change

Health Savings Account (HSA)

Individuals with family coverage under a high-deductible health plan (HDHP) can once again contribute up to $6,900 to their health savings account (HSA) in 2018. This change comes after the Internal Revenue Service (IRS) had already made an unprecedented mid-year change that left taxpayers, employers, and administrators scratching their heads. Third time’s the charm? The... Read more