Several months back we were all preparing for some major modifications in withholding. Yet it turns out that the massive changes that the Federal Government was preparing in W-4 withholding for 2019 are not going to happen after all, at least not right away.
Earlier this year, New York established the Employer Compensation Expense Program (ECEP) as part of the 2018-2019 New York Budget. This optional program was created to offset the Tax Cuts and Jobs Act (TJCA) of 2017, which limits itemized deductions for state and local income taxes (SALT) for individuals to $10,000 per year.
End-of-year reporting and taxation. Accurate employee data. Prepping for the new year. When it comes to payroll processing, December and January may be the busiest time of year…and the most stressful, especially if you’re a business owner trying to do it on your own.
The following blog is based on recent information that Accu Data Workforce Solutions has received from the IRS. We are presenting this in order to keep you in the know. However, please note that these are only “proposed” rules and as of yet are not confirmed. THERE IS NOTHING THAT YOU NEED TO DO AT THIS TIME. Accu Data will publish clarifications in the future as we receive further updates.
Successful small- and medium-size-business owners and managers realize that in everyday operations, cash flow is king. Keeping your money liquid while mitigating any surprises that may impact your cash flow is important to ensuring a stronger bottom line. Fortunately when it comes to making payments for your workers’ compensation premium, there is a smarter way to keep cash flow at a maximum, while preventing the possibility of being audited and having to dip into cash reserves to make up for insufficient contributions. The key is to eliminate up-front costs, while doing what you can to avoid a pesky – and costly – audit.
Summer in the city might actually feel a lot cooler this year, thanks to a new law that gives workers in the City of New York more flexibility in their work schedules. Specifically, a new law that takes effect on July 18, 2018, will permit workers to make temporary work schedule changes to accommodate qualifying personal events.
Wearing a uniform is sometimes an important aspect of an employee’s job. It identifies them as being a member of your service team, and it helps to promote your restaurant’s brand and enhance your reputation. Who is responsible for the cost of purchasing a uniform, and what are the requirements in terms of paying for them?
If you’ve just hired a new employee, here’s something to consider: He or she doesn’t become a sanctioned employee in the eyes of the federal government, New York City or the State of New York until he or she gives you a completed I-9 form.
When you have employees who sometimes work longer than a regular eight-hour shift – a shift of at least 10 hours – employers are required to pay them for an extra hour. This is known as the ‘spread of hours’ pay rule. It can get a bit confusing, so here are the basics you need to know.
Every new tax season brings with it a few surprises — some welcome, and some, well, just plain confusing. This year ushers in some sweeping changes to the tax code, chief among them something all employees can feel good about: the likelihood of seeing more money in their paychecks!