Payroll & Accounting

U.S. employers must begin withholding income tax from employees’ paychecks in accordance with the new federal tax law that was signed into effect this past December. Whether you are a

The IRS has released a draft version of Form W-4P, Withholding Certificate for Pension or Annuity Payments. This new form is being put into place to ensure that taxpayers are

Fringe benefits are supplements on an employee’s normal salary. They are the unspoken perks that can make a big difference to your standard of living. While employers and employees alike

Fringe benefits are employee benefits that are not part of the regular pay, so they are not included in the traditional payroll figures. These are the perks that employees receive

Tax jargon does not come naturally to individuals who do not work for the IRS. That is one of the causes why there is so much confusion regarding the difference

The tax levy is a legal process that the IRS can use to collect an outstanding debt. A taxpayer is required to start this process while the debt remains unpaid.

A tax levy is an administrative action the IRS takes to seize property in order to satisfy a tax liability. The levy “includes the power of distraint and seizure by

The IRS has always required employers to report annual benefits paid to employees in the form of employer-sponsored health insurance, employer-sponsored medical and dental insurance, employer-sponsored life insurance, and employer-sponsored

If you are like most salaried employees, you may be eligible for some type of deferred compensation benefit. This includes employer matches on 401(k) contributions, non-taxable contributions to an IRA,

In the world of employment, there are both federal and state laws that govern employee wages and benefits. Most states have very specific rules for how employers must treat employees