Aatrix continues to add partners with the announcement of an agreement with Computer Helper Publishing to integrate Aatrix’s Federal and State Payroll Reports™ and Payments into their Church Windows Payroll solution.
Month: September 2022
Recent Payroll Tax Changes For 2022
Make sure that you are up-to-date on payroll tax changes that have recently gone into effect. Arkansas updated its withholding method as of October 1st, Utah reduces the threshold for nonresident withholding, Pennsylvania amended wages related to tipped employees and overtime, Michigan delays minimum wage and paid sick leave change until February 2023 and the IRS increases interest rates for third quarter of 2022.
Minimum Wages Tied To Inflation Rates
Many cities' and states' minimum wages are tied to Inflation rates. Over the past decade, the minimum wage has grown by a few cents each year. This year's unusually high inflation is likely to drive hourly wage jumps of $1 or more in some locales.
Myth About Payroll Taxes: Transforming Employees Into Independent Contractors To Save On Payroll Taxes Is Easy
You probably know that it costs less to use an independent contractor than to have an employee on staff. The reason: the cost of payroll taxes, along with insurance and benefits, apply only to employees. But don’t think you can simply reclassify a worker who’s been your employee as an independent contractor. The IRS, as well as other government agencies, are on the lookout for just such action.
