2024 IRS Form 941 Deposit Rules and Schedule

Notice 931 sets the deposit rules and schedule for Form 941. This information is also used for Forms 943, 944, 945, and CT-1. Two Deposit Schedules There are two deposit schedules—monthly or semiweekly—for determining when you deposit social security and Medicare taxes and withheld federal income tax. These schedules tell you when a deposit is... Read more »

The State Of Earned Wage Access In 2024

The Key Issues Surrounding Earned Wage Access(EWA) Businesses have found that EWA can be an effective recruiting tool, and employees are beginning to demand this benefit. The rush to provide this benefit during the labor shortages created by the pandemic has led to some confusion. There have certainly been some opportunists providing the service with... Read more »

2024 Federal And State FMLA Rules

Federal FMLA The Family and Medical Leave Act (FMLA) provides certain employees with up to 12 weeks of unpaid, job-protected leave per year. It also requires that their group health benefits be maintained during the leave. FMLA is designed to help employees balance their work and family responsibilities by allowing them to take reasonable unpaid... Read more »

DOL Issues Final FLSA Worker Classification Rule

The Department of Labor announced a final rule on independent contractors in January. The new ruling is expected to make it more difficult to classify workers as independent contractors. It introduces a new standard using a totality-of-the-circumstances analysis of the economic reality test to determine if the worker is in business for themselves. Fair Labor... Read more »

IRS Releases the 2024 Version Of The Final Forms W-4

The IRS released the 2024 Form W-4, Employee’s Withholding Certificate, with few changes. Instructions for using the IRS’s tax withholding estimator when figuring withholding for multiple jobs, which were removed in the 2023 version, have been added back to the form. The amounts in the tax tables for use with the Multiple Jobs Worksheet have... Read more »

New Horizons Ahead: The Same Great Solution You’ve Come to Trust with Even Greater Opportunities Ahead

We have exciting news to share with our valued customers. Aatrix Software has recently been acquired by Sovos, a global provider of tax, compliance, and trust solutions and services. Our two businesses have extensive experience and expertise in helping small and medium-sized businesses navigate the complexity of tax and regulatory compliance. This acquisition will enable... Read more »

What Is A Transmitter Control Code (TCC Number) And Do I Need One To eFile My 1099s With Aatrix eFile?

What Is A Transmitter Control Code (TCC Number)? A Transmitter Control Code (TCC) is a code assigned by the Internal Revenue Service (IRS) to entities that transmit electronic returns or other electronic forms to the IRS. The TCC is part of the Electronic Filing Identification Number (EFIN) system used to identify and track electronic filers.... Read more »

Sovos Acquires Aatrix Software, Expanding Solution and Service Capabilities for SMBs

Acquisition comes amid changing regulatory mandates and thresholds for e-Filing across multiple forms. ATLANTA – January 11, 2024 – Global compliance technology solutions and services provider Sovos announced today it has acquired North Dakota-based Aatrix Software, a leader in payroll tax forms, extending our leadership in compliance with enhanced capabilities across e-filing for 1099 and... Read more »