- Nevada Becomes First State to Enact Earned Wage Access Law - Arkansas Issue Revised Withholding Tables - North Dakota Issue Revised Withholding Tables - Florida Requires Certain Private Employers to Use E-Verify Beginning July 1 - Idaho Revises … Nevada Becomes First State to Enact Earned Wage Access Law What Is Earned Wage Access (EWA)? Earned wage access is the ability for employees to access wages they have earned… https://www.aatrix.com/news/2023/07/payroll-changes-second-quarter-2023/
Due to persistent high inflation, employees will be able to sock away a lot more money in their health savings accounts (HSAs) next year. Annual HSA contribution limits for 2024 are increasing in one of the biggest jumps in recent years. Due to persistent high inflation, employees will be able to sock away a lot more money in their health savings accounts (HSAs) next year. Annual HSA contribution limits for 2024… https://www.aatrix.com/news/2023/07/irs-announces-record-high-hsa-hdhp-limits-2024/
As a result of many businesses implementing work-from-home policies during the pandemic, the Department of Homeland Security granted employers the ability to verify I-9 documents via video, fax, or email for employees hired from March 2020 to the present.… What Is An I-9? The Form I-9 is used to verify the identity and employment authorization of individuals hired to work in the U.S. Federal law requires employers to only hire… https://www.aatrix.com/news/2023/06/how-ensure-compliance-when-i-9-covid-policies-expire1/
With more than 20% of payroll reports changing each quarter, here are the most recent changes to payroll through June 2023. California Agency Proposed Earned Wage Access Regulations The California Department of Financial Protection and Innovation (DFPI) issued proposed regulations that would govern… https://www.aatrix.com/news/2023/06/recent-changes-state-and-federal-payroll-compliance/
Are you a business owner who recently received a CP2100A Notice from the IRS informing you of discrepancies between information reported to the IRS and the IRS's database? If so, it's time to take action. While getting a notice from the IRS is never p… What Is A CP2100 or CP2100A Notice IRS CP2100 and 2100A notices are letters the IRS sends to inform payers who issue 1099 forms without a taxpayer identification number (TIN) or… https://www.aatrix.com/news/2023/06/how-ensure-compliance-when-i-9-covid-policies-expire/
The IRS released final regulations on February 21, 2023, which will affect virtually all employers who file employment tax information forms such as Forms 1099-series, Forms W-2, and Affordable Care Act Forms 1094-B/C and 1095-B/C, among others. These f… The IRS released final regulations on February 21, 2023, which will affect virtually all employers who file employment tax information forms such as Forms 1099-series, Forms W-2,… https://www.aatrix.com/news/2023/04/irs-issues-final-regulations-new-efile-threshold-w-2s-and-1099s/
As we close out the first quarter of 2023, the future of Payroll and HR has become the now of Payroll and HR. Many of the changes which started during the pandemic have been accelerated and have become permanent aspects of our working lives. Remote worke… As we close out the first quarter of 2023, the future of Payroll and HR has become the now of Payroll and HR. Many of the changes which started during the pandemic have been… https://www.aatrix.com/news/2023/04/payroll-challenges-and-best-practices-2023-moves-forward/
Following another successful year-end filing season during which the Aatrix eFile Center processed millions of W-2s, 1099s, and 1095 (ACA) forms, Aatrix conducted its annual eFile customer survey. Customers were sent a short survey to help Aatrix evaluate… Annual eFile Customer Survey Following another successful year-end filing season during which the Aatrix eFile Center processed millions of W-2s, 1099s, and 1095 (ACA) forms,… https://www.aatrix.com/news/2023/04/thank-you-your-participation-preliminary-results-aatrixs-annual-customer-survey/
There are a few minor changes to Q1 Form 941 for 2023 and other news in payroll for 2023. IRS Releases The Final Forms And Instructions For Form 941 There are a few minor changes to Q1 Form 941 for 2023. The instructions for Line 1 have changed slightly to include the… https://www.aatrix.com/news/2023/03/form-941-changes-and-other-important-first-quarter-payroll-news/
There are two types of employees – "exempt" and "nonexempt." An exempt employee is not entitled to overtime pay and other protections according to the Fair Labor Standards Act (FLSA). Nonexempt employees must be paid minimum wage, overtime, and provided b… There are two types of employees – "exempt" and "nonexempt." An exempt employee is not entitled to overtime pay and other protections according to the Fair Labor Standards Act… https://www.aatrix.com/news/2023/03/how-avoid-misclassification-exempt-vs-nonexempt-employees/
The FMLA entitles eligible employees of covered employers to take unpaid, job-protected leave for specified family and medical reasons with continuation of group health insurance coverage under the same terms and conditions as if the employee had not take… California Contributions: In 2023, employers must deduct from employees’ wages 0.9% of the first $153,164 in wages paid to an employee in a calendar year, with a maximum… https://www.aatrix.com/news/2023/03/what-you-need-know-about-state-fmla-changes-2023/
The IRS made wholesale changes to the W-4 in 2020. The form was changed to allow more accurate withholdings due to the changes in the tax code related to the Tax Cut And Jobs Act passed in 2017. This legislation eliminated personal exemptions, increased t… The IRS made wholesale changes to the W-4 in 2020. The form was changed to allow more accurate withholdings due to the changes in the tax code related to the Tax Cut And Jobs Act… https://www.aatrix.com/news/2023/02/what-do-if-your-employees-are-complaining-about-their-tax-refund/
A W-2c form is an IRS tax document used to correct or amend a W-2. It is also called a Corrected Wage and Tax Statements Form. A W-2 needs to be amended with a W-2c when an error is made when reporting employee income. Typical errors found on W-2s include… What is a W-2c? A W-2c form is an IRS tax document used to correct or amend a W-2. It is also called a Corrected Wage and Tax Statements Form. A W-2 needs to be amended with a… https://www.aatrix.com/news/2023/02/what-you-need-know-about-w-2-cs/
Employers with more than 50 full-time or equivalent employees must comply with the Affordable Care Act (ACA) requirements. These Applicable Large Employers (ALE) are required to file the ACA Form 1095 annually. As this year's filings are being prepared, e… Employers with more than 50 full-time or equivalent employees must comply with the Affordable Care Act (ACA) requirements. These Applicable Large Employers (ALE) are required to… https://www.aatrix.com/news/2023/02/aca-deadlines-and-items-review-when-preparing-2023/
Year-end is here and to guarantee timely filing and avoid fines and penalties associated with late filings, it is critical to know the deadline for each year-end report you are required to file. The following deadlines are the dates your files must be re… Aatrix W-2/1099 Year-End eFile Deadlines Year-end is here and to guarantee timely filing and avoid fines and penalties associated with late filings, it is critical to know the… https://www.aatrix.com/news/2022/12/2022-year-end-payroll-reporting-deadline-dates/
Filing W-2s on time is critical if businesses want to avoid severe fines and penalties for late filing. There are penalties in place for businesses that do not file on time and accurately. Filing W-2s on time is critical if businesses want to avoid severe fines and penalties for late filing. There are penalties in place for businesses that do not file on time and… https://www.aatrix.com/news/2022/12/2023-fines-and-penalties-failing-meet-w-2-filing-deadlines/
What's news with the 2022 940: Including Credit Reduction States, Who Must File A 940, Electronic Fund Transfers and Withdrawals and More! What's New: Credit Reduction State A state that hasn't repaid money it borrowed from the federal government to pay unemployment benefits is a "credit reduction state." The U.S.… https://www.aatrix.com/news/2022/12/2022-940-information/
Year-end is approaching at light speed and will be here before you know it. There are a few things to keep in mind to make year-end payroll reporting go smoothly and accurately. Year-end is approaching at light speed and will be here before you know it. There are a few things to keep in mind to make year-end payroll reporting go smoothly and accurately.… https://www.aatrix.com/news/2022/11/year-end-payroll-reporting-just-around-corner/
Filers whose salaries have not kept pace with inflation could see savings on their federal income tax bills. The rapidly rising cost of food, energy, and other daily staples could allow many Americans to reduce their tax bills next year. Tax rates are a… Filers whose salaries have not kept pace with inflation could see savings on their federal income tax bills. The rapidly rising cost of food, energy, and other daily staples… https://www.aatrix.com/news/2022/11/inflation-adjustments-irs-may-mean-less-taxes-many-americans/
Several states have released their state unemployment insurance (SUI) taxable wage bases for 2023. Employers should be aware that due to UI trust fund balances that are lower than anticipated and economic concerns regarding employer taxes, some states may… Annual Taxable Wage Bases Several states have released their state unemployment insurance (SUI) taxable wage bases for 2023. Employers should be aware that due to UI trust fund… https://www.aatrix.com/news/2022/11/annual-taxable-wage-bases-2023/