What you need to know about the proposed changes to Form 941 for second-quarter payroll tax reporting and payment. The published deadline to submit and certify the 2021 EEO-1 Component 1 Report(s) has been extended to Tuesday, June 21, 2022. The 2022 Utah Legislature lowered the state individual income tax rate from 4.95 percent to 4.85 percent. All unused vacation time accrued pursuant to an employer’s vacation policy in Maine after January 1, 2023, must be paid to the employee on termination.
How To File A TIN Verification Form Using Aatrix
A TIN matching service, such as Aatrix eFile, can work seamlessly with your payroll and accounting software. Choose the TIN Matching Report and submit your files, and the system will check for any discrepancies and inform you so that you can verify the information with your recipient and correct it.
Two Important Changes To I-9 Compliance
DHS To End COVID-19 Temporary Policy for Expired List B Identity Documents Beginning May 1, employers will no longer be able to accept expired List B documents for Form I-9. In March, U.S. Citizenship and Immigration Services (USCIS) said it would discontinue the temporary policy that allowed employers to accept expired List B documents for Form I-9. ICE announces extension to I-9 compliance flexibility The in-person verification process was suspended to accommodate remote employees during …
How To Avoid Receiving A CP2100 or CP2100A Notice From The IRS
In April, the IRS sent CP2100 and CP2100A notices to banks, credit unions, businesses or payers who filed returns that don't match IRS records. These information returns include: Form 1099-B, Proceeds from Broker and Barter Exchange Transactions Form 1099-DIV, Dividends and Distributions Form 1099-G, Certain Government Payments Form 1099-INT, Interest Income Form 1099-K, Payment Card and Third-Party Network Transactions Form 1099-MISC, Miscellaneous Income Form 1099-NEC, Nonemployee Co…
What You Need To Know About The 1099K For 2022
A 1099-K is a transaction record from third-party payment networks such as PayPal or Venmo and credit card providers. They fill out the 1099-K and send copies to the IRS, state and person receiving the payments. The objective is to ensure people report their business income on their tax returns. An entities are required to file and send a 1099-K if it transfers at least $600 to you during the year. The $600 threshold is an aggregate, meaning that even if different people send you small amount…
1099-G: How To Help If An Employee Has Fallen Victim To A Fraudulent Unemployment Claim
The 1099-G form is used by government agencies to report payments made to businesses or individuals to the Internal Revenue Service (IRS). This does not include wages. The most common use is to report unemployment compensation or tax refunds. Have You Fallen Victim To A Fraudulent Unemployment Claim? Things to look for: While you were still employed your employer notifies you that they received a request for information about an unemployment claim in your name. A government agency mailed…
Aatrix Has You Covered: What To Do If You Receive A Notice From A Federal Or State Agency
As we work our way through the first quarterly filing period of 2022, most of us hope we don’t get a surprise from the Federal or State agencies we work with in the form of an official notice. If you do happen to get a notice from one of the many agencies you work with, Aatrix is here to help with any filing issue you encounter after eFiling using the Aatrix eFile Center.
What You Need To Know About Filing Your 2021 EEO-1, Component 1 Data
Employers with 100 or more employees, federal contractors with 50 or more employees, and a limited number of additional employers detailed on the EEOC website are required to file an EEO-1. The 2021 EEO-1 Component 1 data collection is tentatively scheduled to open on Tuesday, April 12, 2022. The tentative deadline to file the 2021 EEO-1 Component 1 Report is Tuesday, May 17, 2022.
Changes To IRS Form 941 For First Quarter 2022
The IRS updated the forms to reflect the expiration of COVID-19-related relief provisions at the end of 2021. Form 941 retains lines to claim tax credits for qualified leave wages paid in 2022 for leave taken in 2021. Similarly, some employers may be eligible to claim the COBRA premium assistance credit for the first quarter of 2022.
Important State and Federal Withholding, Dependent Care, HSA, And Other Changes For 2022
While We Don’t Know All The Changes That We’ll See To Payroll in 2022 - Here Is What We Know So Far! Changes already released this year include: State Unemployment Wage Bases; Social Security Wage Base; Medicare Tax; Dependent Care Limits; Limits To Health Savings Accounts & Health Flexible Spending Accounts; IRA and 401K Contribution Limits; Updated Federal Standard Mileage Rate.
