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 received by Aatrix to guarantee on-time filing to each State or Federal agency involved.
2023 Fines and Penalties For Failing To Meet W-2 Filing Deadlines
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.
2022 940 Information
What's news with the 2022 940: Including Credit Reduction States, Who Must File A 940, Electronic Fund Transfers and Withdrawals and More!
Year-End Payroll Reporting Is Just Around The Corner!
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.
Inflation Adjustments By The IRS May Mean Less Taxes For Many Americans
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 adjusted for inflation, which typically means incremental movements in the thresholds for what income is taxed at what rate. But after a year that brought America’s fastest price growth in four decades, the shift in rates is far more notable: an …
Annual Taxable Wage Bases For 2023
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 make changes to their taxable wage bases later this year or early next year.
2023 IRS Form 941 Deposit Rules and Schedule
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 due after a tax liability arises (for example, when you have a payday). Before the beginning of each calendar year, you must determine which of the two deposit schedules you must use.
Myth About Payroll Taxes: All Tax-free Benefits Are Exempt From Payroll Taxes
Receiving tax-free fringe benefits means that employees do not have to pay income tax on what they receive. However, it does not mean that employers are off the hook for payroll taxes.
Recent Tax And Regulation Changes For 2022
Five Indiana Counties Increase Their Tax Rates, Virginia Revises Withholding Tables, California Increases Minimum Wage, Student Loan Relief Is Extended and Tax-Advantaged Repayment Support.
Aatrix Partners With Computer Helper Publishing
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.
