On November 5, 2025, the Treasury Department and Internal Revenue Service issued Notice 2025-62, providing significant penalty relief to employers and payors facing new information reporting requirements under the One, Big, Beautiful Bill Act. This guidance establishes Tax Year 2025 as a transition period, protecting businesses from penalties while they implement systems to comply with... Read more »
What Business Owners and Tax Professionals Need to Know About 2025 Tax Reporting
The Internal Revenue Service issued critical guidance on August 7, 2025, confirming that employers and businesses can proceed with Tax Year 2025 reporting using existing forms and procedures despite the passage of the One, Big, Beautiful Bill Act. This announcement provides essential clarity for organizations preparing for year-end payroll processing and information return filing. No... Read more »
2025 Wage & Salary Rule Changes: What Employers Can’t Miss
As we move through 2025, new minimum wage increases and evolving salary thresholds are changing the payroll landscape across the U.S. Employers need to stay ahead of these updates to remain compliant and avoid costly penalties. This guide outlines key federal, state, and local changes impacting payroll teams and HR professionals nationwide. Statewide Minimum Wage... Read more »
A Major Payroll Shift: What the One Big Beautiful Bill Means for Employers
Payroll professionals, take note: A proposed federal initiative known as the One Big Beautiful Bill (OBBB) is generating buzz across the compliance and tax landscape—and for good reason. This sweeping legislation could drastically reshape how employers handle payroll reporting, employee classification, and multi-state compliance. At Aatrix, we’re keeping a close watch on these potential changes... Read more »
The EEOC Expands Lawsuits Against Employers Over Reporting Compliance
EEOC Reporting Employers with 100 or more employees and Federal contractors with 50 or more employees must file an EEO-1 with the EEOC, including information on race, ethnicity, and gender by job category. Employers count employees for purposes of this EEO-1 report during a “workforce snapshot period” between October 1 and December 31. The EEOC... Read more »
Changes in the Revised Form 941 for 2024
Several changes for the 941 in 2024 include compliance information and a small number of changes to the 941 Form. The revised form was released in March and the new withholding information, rates, and limits have followed. Form Changes There are three changes to the 941 Form, including: Part 1 Line 11. Lines 11a-11g of... Read more »
Recent Payroll Updates And Changes
South Carolina Passes New EWA Law Effective November 21, 2024, a new law will regulate earned wage access (EWA) services and create registration requirements for EWA providers in South Carolina. South Carolina became the fifth state to enact a law regulating earned wage access providers, but it doesn’t subject them to lending laws. South Carolina... Read more »
Aatrix Releases 2024 Annual eFile Survey Results
The benchmark that has been the highlight of our surveys has always been the willingness of our customers to recommend Aatrix to others. 96.4% of Aatrix customers said they would recommend the Aatrix eFile Service to a friend or colleague. The primary customers of the Aatrix filing service are small businesses. 99% of the customers... Read more »
Current Payroll Updates For Second Quarter 2024
HSA (Health Savings Accounts) Limits Set For 2025 2025 Limits A fiscal year plan that satisfies the requirements for an HDHP on the first day of the first month of its fiscal year may apply that deductible for the entire fiscal year. In addition, the IRS announced the 2025 maximum amount that may be made... Read more »
What To Do If Your Employees Are Complaining About Their Tax Refund
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 the standard deduction, and made the child credit available to more... Read more »
