Accuchex Blog

HR Management Alert: IRS Updates For Tax Year 2017

Posted by Leslie Ruhland on Dec 7, 2017 8:50:00 AM

Each year the IRS makes changes, updates forms, and issues new instructions. Tax filing year 2017 is no different for HR management personnel.

It would take a much longer post than this to cover all of the IRS changes and updates for the tax year, which is why payroll tax filing compliance requires a large degree of due diligence for businesses. However, some changes and new items warrant special note.

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Topics: payroll tax filing, HR compliance, IRS, tax forms, tax reporting

Identity Theft And Payroll Tax Filing: Being Aware And Prepared

Posted by Leslie Ruhland on Nov 21, 2017 10:16:40 AM

It has been recently disclosed that more than 145 million Americans have had their personal information stolen from a variety of places. And it's certainly not the first time.

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Topics: payroll tax filing, social security number, IRS, income tax reporting, cybersecurity, identity theft

IRS Announces New Guidance For ACA Penalties

Posted by Leslie Ruhland on Nov 17, 2017 2:19:16 PM

The IRS recently indicated that it would begin assessing tax penalties under the Affordable Care Act’s (ACA) employer shared responsibility.

 

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Topics: Affordable Care Act, HR compliance, aca, IRS, insurance, health insurance

IRS Announces Cost Of Living Adjustment Limits For 2018

Posted by Leslie Ruhland on Oct 24, 2017 3:24:36 PM

The Internal Revenue Service announced its cost-of-living adjustments (COLAs) which affect dollar limitations for pension plans and other items for the 2018 tax year.

Among the key changes for tax year 2018 is the increase of the contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan. The limit has been raised from $18,000 to $18,500 for 2018.

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Topics: payroll management, IRS, payroll compliance, 401k, pension plans, COLA

Independent Contractor VS Employee: Are You Up To Date?

Posted by Leslie Ruhland on Oct 19, 2017 8:45:00 AM

Determining the employment status of workers can be a process fraught with with risk. Being clear on a worker's status is a matter of being up to date on the law.

There is still some confusion on the part of employers and managers regarding the "rules" for classifying workers as either an independent contractor vs employee. Much of this has stemmed from government agency's shifting interpretation of the existing guidelines.

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Topics: independent contractors, HR compliance, employee classification, IRS, DOL, dol fsla

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