According the U.S. Department of Labor, employers in California and the U.S. Virgin Islands will be paying far higher FUTA taxes in January 2017 because of their unpaid federal loans.
The U.S. Department of Labor recently announced that employers in the state of California and in the Virgin Islands will pay their Federal Unemployment Tax Act, or FUTA, taxes for calendar year 2016 at a higher tax rate than employers in other states.
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Topics:
payroll tax filing,
UI filing,
FUTA credit reduction,
IRS,
tax forms,
DOL
January 1, 2017 will bring a number of changes for employers in California. One of these will be the new rules for e-pay and e-filing.
A new California labor law, AB 1245, has mandated the electronic submission of tax returns, wage reports and payroll deposits for all California employers. The law applies to all employers who had at least 10 full-time employees (FTE) in 2016.
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Topics:
payroll management,
payroll tax filing,
edd,
tax deposits,
electronic payroll,
wage reports
California is famous for many things. But being one of the least expensive places to run a business is not one of them. In fact, the opposite is true.
Being an employer in California is a challenging venture. And managing the costs involved in hiring employees can seem prohibitive, as well. With increased family leave, paid sick leave, and other costly benefits - not to mention an ever-increasing minimum wage scale - it is a daunting task to make a business cost effective and profitable.
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Topics:
Payroll,
payroll tax filing,
recruiting and hiring,
FUTA credit reduction,
worker's comp,
new hire
Every year seems to bring new rules, new regulations and new forms. 2017 promises to be no different, especially for the IRS. Keeping up with these changes is part of the challenge for HR professionals.
Each year businesses across California and the nation are tasked with staying abreast of the myriad of regulatory changes, updates and revisions. From actual laws, to agency rules, and required forms, the sheer volume of information can be overwhelming.
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Topics:
payroll tax filing,
HR compliance,
aca,
IRS,
tax forms
In July, the IRS released draft Forms 1094-C and 1095-C, and on August 1, 2016, draft instructions for completing the ACA forms for the 2016 tax year were published.
The forms require applicable large employers to report information about offers of health insurance coverage to full-time employees and the provision of minimum essential coverage during the reporting year.
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Topics:
payroll tax filing,
HR compliance,
aca,
obamacare,
IRS,
reporting requirements