Oct 29, 2021
Events like marriage, divorce, a new child or home purchase can all be reasons to adjust withholding.
The IRS Tax Withholding Estimator makes it easier for everyone to have the right amount of tax withheld. The IRS encourages everyone to use the Tax Withholding Estimator to perform a “paycheck checkup.” This will help you make sure you have the right amount of tax withheld from your paycheck.
There are several reasons to check your withholding:
Checking your withholding can help protect against having too little tax withheld and facing an unexpected tax bill or penalty at tax time next year.
At the same time, you may prefer to have less tax withheld up front, so you receive more in your paychecks and get a smaller refund at tax time.
Click the link below for the IRS Tax Withholding Estimator!
Additional information can be found HERE.
Nov 22, 2024
In a recent revenue procedure, the IRS announced changes to health savings accounts for 2025. Now is a good time to look at your situation and consider your options. Click through for a review of the changes.
Nov 21, 2024
When a disaster strikes, it's critical to have a payroll continuity plan — a document outlining the steps necessary to manage payroll through disruption. Click through to learn how to create a multitiered plan that prepares your organization for many possibilities.
Nov 20, 2024
Cost-of-living adjustments affect dollar limits for pension and other retirement-related items for tax year 2025—and your contribution to such accounts increases. Click through to see the IRS stipulations regarding specific retirement programs.
Nov 19, 2024
Between changes to current tax law and uncertainty about how a new president will influence future tax law, planning for the 2024 tax season is challenging. Click through for tips on staying on top of current and proposed tax legislation.
Nov 18, 2024
With a November 2024 decision that overturns major employment changes announced in April 2024, a federal court has ruled against the Department of Labor. Click through for a review of the current overtime status in the wake of this decision.
Oct 24, 2024
As an employer, you should be familiar with which employees are eligible for continuation of health insurance benefits under federal law and what events trigger that coverage. You should also know what kinds of communications are required and when. Read through to learn more.
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