Categorized: Industry News

Wisconsin Could Be the First State to Make Cash Tips Tax-Free

Wisconsin lawmakers introduced legislation that would eliminate income tax liabilities for tipped wages paid in cash. If it passes, Wisconsin could be the first state in the country to provide a state income tax exemption for cash tips paid to waiters, bartenders, taxi drivers, hair stylists and other service industry workers. Why did lawmakers propose... Read more

Your EEO-1 Questions Answered

After much waiting, the Equal Employment Opportunity Commission (EEOC) announced on May 2 that employers must turn over 2017 pay data along with their 2018 data by Sept. 30 of this year. This decision comes after a flurry of federal rulings and criticism. With so much information circulating, it’s no wonder many employers are left... Read more

Wisconsin Cracks Down on Payroll Fraud Epidemic

Last month marked the end of the 2018 tax season, but it also marked the beginning of new statewide initiative in Wisconsin. On tax day, Governor Evers announced the launch of a task force dedicated to fighting payroll fraud throughout the state. And while there’s more than one type of payroll fraud, this task force... Read more

IRS Waives Penalties for Under-Withheld 2018 Taxes

When you file your tax returns this season, you may realize you’re one of the many taxpayers whose 2018 withholdings and estimated tax payments fell short of their tax liability. If you are, take heart, as the IRS recently announced it’s waiving tax penalties if you’ve paid at least 85 percent of your 2018 tax... Read more

What to Expect with the New 2019 Form W-4

Editor’s note: Post updated 12.14.18 to include the most up-to-date information 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 and... Read more