What You Need To Know About Paying Employees Using Cryptocurrency

Employers interested in offering wage payments in cryptocurrency should be aware of and comply with applicable withholding, wage and hour, and wage payment requirements at the Federal and State levels. Although employers can not currently pay employee’s base salaries, hourly pay, and overtime pay in the U.S. they may offer bonuses or incentive payments in cryptocurrency. Additionally, employers can use a third-party cryptocurrency payment processing company (e.g., Bitpay) or conversion service r…

Log4J Zero-Day Vulnerability

Log4J Zero-Day Vulnerability On Friday, December 10, 2021, the world found out about vulnerability CVE-2021-44228 in the Log4J Java component. That component is commonly installed on Web servers and Java application-based systems and servers to log or write system messages and other messages to the computer. This particular vulnerability has been rated a 10.0 out of 10.0 regarding the dangerous abilities that this vulnerability poses to computer systems and its ease of being exploited.

2022 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. The deposit schedule you use is based on the total tax liability you reported during a look-back period. Your deposi…

5 Things You Need To Know About Forms, Legislation and Compliance Requirements

Important News Regarding New Forms, New Legislation, And New Compliance Requirements - IRS Rules Lower W2 Electronic Filing Threshold - General Instructions for 2022 W-4 For Employees - Employee Retention Credit Ends Early - New Employee Withholding Certificate for 2022 For Colorado - Illinois Labor Department Issues Press Release on Pay Data Reporting

2021 Year-End Payroll Reporting Deadline Dates

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 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.

Looking For A Recruiting Edge? Maybe Your Payroll Needs A Makeover.

The labor shortage in the US continues to be a significant challenge for most businesses as we recover from the pandemic and settle into the new reality. The Chamber of Commerce recently released a report that stated that 90% of businesses say it's difficult or very difficult to find workers right now. As of the October jobs report, job openings reached a high of 10.44 million. Nation-wide restaurant and retail traffic is up 52% since January, and many businesses are reducing hours because o…

10 Helpful Hints You Can Find On Welcome.aatrix.com

Whether you have been an Aatrix customer for years or just a few days, the Aatrix Welcome page has tons of great resources to help get the most out of your Aatrix eFile Account. Aatrix provides a series of instructional videos to help customers set up their eFile Account and start filing all required State and Federal payroll tax reports. Videos include help with enrollment, filing Unemployment, Wage Withholding, and New Hire reports, as well as year-end reports including W-2s, 1099s, and ACA re…