Year-end is approaching at light speed and will be here before you know it. There are a few critical steps that need to be completed to make year-end payroll reporting go smoothly and accurately. Here is a quick checklist that can get you organized and eliminate some of the pain associated with W-2, 1099, and ACA 1095 filing.
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…
IRS Issues Federal ‘High-Low’ Per Diem Rates Effective October 1st
The Internal Revenue Service has issued updated per diem rates that take effect Oct. 1, 2021, which taxpayers can use to substantiate the amount of expenses for lodging, meals, and incidental expenses when traveling away from home. This optional “high-low” per diem rates for lodging expenses and meals and incidental expenses (M&IE) that may be used instead of the General Services Administration’s “actual” per diem rates for travel to locations within the continental U.S.
IRS Rules Lower W2 Electronic Filing Threshold
The IRS proposed regulations amending the rules for filing electronically that reduces the threshold for filing W-2s. The Taxpayer First Act proposes wide-sweeping changes in an effort to modernize the IRS and improve the efficiency of the taxpayer experience when filing taxes. This is further evidence of the government’s commitment to e-filing. Electronic filing makes processing returns much easier for the IRS.
Simple Steps To Making EFTPS Payments Using Aatrix
Using Aatrix eFile to make your EFTPS Payments has never been easier. Whether you've used Aatrix before, or you are just getting started, we provide you with step-by-step instructions on how to make any of your EFTPS payments using your Aatrix eFile Account.
Three Important IRS And SSA Notifications
The Internal Revenue Service’s new feature allows any family to easily update their mailing address for their Child Tax Credit Payments. Any family can easily have their October check and all future checks sent to their new address by using the Child Tax Credit Update Portal to make an address change request. To have the change take effect in October, people need to complete the request before midnight Eastern Time on Thursday, September 30th. Families can still make changes after that date, b…
The Clock Is Ticking Towards The Deadline For Withholding Deferred Social Security Taxes
Employers could defer certain employees’ Social Security taxes from September 1, 2020, to December 31, 2020. This applied to employees paid less than $4,000 every two weeks, or an equivalent amount for other pay periods, with each pay period considered separately. The period during which employers must withhold and pay applicable taxes was postponed from April 30, 2021, to December 31, 2021. As a result, any associated interest, penalties, and additions to tax for late payment of any applicable …
11 Ways To Determine If A Worker Is An Employee (W-2) Or Independent Contractor (1099 NEC)
When you hire Independent Contractors, you want to make sure you are avoiding misclassification. A business that classifies its employee as an Independent Contractor but fails to meet all the regulatory requirements can be subject to a government tax audit or lawsuits.
5 Ways To Address The Labor Shortage Through Efficiencies
Virtually every business is experiencing difficulties in recruiting qualified candidates and retaining quality employees. Instead of spending an outrageous amount of money recruiting a depleted workforce, spending time to improve efficiencies and the work environment can go a long way towards better retention and recruitment success.
Business Travel Is Back – 6 Tips You Need To Know Before Making Your Reservation.
Business travel is back. With the hope that the pandemic is winding down, live conferences, training, and business development mean that travel may once again become part of your business operations. Domestic travel rules are far more stable than International travel but still present issues you need to know.
