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Everything employers need to know about W-2 compliance

Business Management Daily

For businesses and employers, that means end-of-year accounting and W-2 filing is right around the corner. Form W-2 is the Wage and Tax Statement that employers use to report wages paid to employees. These are the tax forms that your employees need to file their yearly tax returns. 2021 is coming to a close.

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Back to School: Test your HR knowledge

Business Management Daily

Require equal paternity leave for new dads. The IRS announced recently that it will make big changes to which form for 2020? TheHRSpecialist.com/2020w-4 11. But which generational group says they’re more likely to quit their jobs for more money? Millennials. Baby Boomers. Employees. Independent contractors.

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Compliance Roundup: NY and the FFCRA Regulations & 2021 ACA Affordability Rates

AssuredPartners

{"ops":[{"attributes":{"underline":true,"bold":true},"insert":"New York Federal Court Vacates Portions of the FFCRA Leave Regulations"},{"insert":"nIn a case brought before the U.S. In essence, if an individual is still employed with a company then they should be granted the opportunity to partake in FFCRA leave.

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IRS announces new Form W-4 for 2020

BerniePortal

On December 5, 2019, the IRS released the final version of the 2020 Form W-4, which was retitled as the Employee’s Withholding Certificate. This is the forms first major update since 2017 when Congress made sweeping changes to the federal tax system. What’s changed on the new W-4?

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Time to reprogram your payroll system for 2020 withholding

Business Management Daily

In a very Grinch-like fashion, the IRS has coughed up some of the withholding instructions you need to begin reprogramming your payroll systems for 2020 withholding. It’s also released a draft of the 2020 Circular E , the Employer’s Tax Guide. The draft of the 2020 Circular E discusses the new W-4.