Employer payroll tax resources to help you succeed
May, 2024
Learn more about how MasterTax can streamline cumbersome manual processes to help you avoid late fees and penalties.
A quick snapshot of how MasterTax can streamline cumbersome manual processes to help you avoid late fees and penalties.
Learning aspects of payroll taxes, such as: Federal Payroll Taxes, Compliance Best Practices, and Reporting Requirements is essential for a new business owner.
Payroll professionals must understand NACHA, Bank Secrecy Act, and Money Transmitter Law for compliant financial operations. Key aspects include ACH standards, anti-money laundering obligations, and state-level money transmission regulations.
Discover the benefits of payroll tax software, including automation and compliance. Learn how to choose the right software and ensure smooth implementation for efficient payroll processing.
Understanding payroll tax essentials such as employee classifications, deadlines, payroll tax obligations and tax rates are crucial for startups. Dive into how you can leverage MasterTax Software for compliance and efficiency.
February, 2024
The IRS released final regulations for organizations filing 10 or more returns or statements (previously more than 250) in a calendar year will be required to file electronically in 2024.
AI’s transformative potential in HR is clear, yet ethical concerns loom large. This article delves into AI’s impact, challenges, and the importance of ethics in navigating this evolving landscape.
January, 2024
Staying informed on compliance trends for 2024 by addressing key issues such as multistate remote workers compliance, benefits administration, AI governance, etc. is important for proactive compliance.
The IRS finalizes regulations that provide de minimis error safe harbor exceptions. An error on an information return or payee statement won’t incur a penalty. Learn more.
Learn about the U.S. Department of Labor’s updated rule on worker classification, which was effective March 11,2024 and how they use an “economic realities” test to determine the worker classifications.
December, 2023
Employers should avoid time clock rounding for nonexempt employees due to increased legal scrutiny. California courts particularly disfavor rounding policies, urging adherence to precise timekeeping.
New IRS regulations mandate electronic filing for businesses with ten or more information returns. It is also impacting how companies manage 1099 filings and how penalties are charged.
September, 2023
Learn about pay statements’ crucial components and state-specific requirements through a comprehensive chart that helps in ensuring compliance and avoiding penalties for employers.
February, 2023
IRS Small and mid-sized businesses that file any federal tax and/or information returns in paper form will generally need to file electronically beginning in 2024.
November, 2021
The IRS issues guidance on R&D tax credit refund claims, clarifying required information for validity and the potential to reduce disputes. But employers may need to do more work up front!
