Categorized: Industry News

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

New Jersey: The Latest State to Enact Paid Sick Leave Law

As of October 29, 2018, New Jersey now requires companies to provide paid sick leave (PSL) for employees. The law preempts all 13 existing local ordinances and requires employers to comply with the new state law. New Jersey joins nine states and the District of Columbia in enacting PSL requirements. Considering five of those states have... 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